Digital money transfer services provider SimbaPay has announced the expansion of its free instant deposit service to Choice Microfinance Bank in Kenya.

This is as a result of a partnership between the service provider and Choice Microfinance Bank, a microfinance institution founded by Kenyans abroad.

A media release explains that money transfers made to Choice Microfinance Bank by Kenyans living abroad using SimbaPay will be free of transfer fees.

In addition, the recipient Choice Microfinance Bank accounts will be credited instantly.

Victor Karanja, head of operations for SimbaPay commented that "Our customers who already bank with Choice Microfinance Bank or have friends and family using the bank will be glad to see their transfers being credited instantly".

Stanley Kasyoka, deputy chief executive officer at Choice Microfinance Bank, added that "We are very excited about this new partnership with SimbaPay which is heavily engaged with the economic force that is Kenyans living abroad. Kenyans abroad are the country's largest earner of foreign exchange today".

The companies announced the partnership on 29 Aug 2015 in London at the annual "Kenya in the Park" event.

The release continues, "for ease of use, Choice Bank has been pre-loaded on to the SimbaPay platform which eliminates the need for customers having to remember the Choice Bank pay bill details. At the time of making a money transfer using SimbaPay, customers will be required to select the bank from a database of Pay Bill businesses and then enter the destination account number and amount."

Kenyans living in the UK with a bank account, debit card or credit card are now able to use the SimbaPay app to make money transfers from any mobile device.

The companies state that the service will be rolled out to Kenyans living in other EU countries in the near future.