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Worldremit Sees 40% Surge In Transfers Sent To ZB Branches Alone

FinTech

Worldremit Sees 40% Surge In Transfers Sent To ZB Branches Alone

Leading international money transfer service WorldRemit, has seen a 40% surge in customers sending money to Zimbabwe for cash collection at ZB Bank locations in just one month only.

Zimbabweans living in over 50 countries, including South Africa, UK and USA, can send money home 24/7 in a few taps from their mobile phones using the WorldRemit app or website.  WorldRemit offers cash pickup in USD at over 250 locations across the country – the widest network of any other international remittance service.

Earlier this year, WorldRemit launched international money transfers from South Africa, introducing some of the cheapest fees available on the market to send money to Zimbabwe – often under half of the global average cost.  As Zimbabwean students go back to school this month, savings from using digital remittance services could pay for thousands of new school uniforms, school books and school supplies for children across the country.

ZB Bank is a leading bank in Zimbabwe, with over 60 branches across rural and urban areas of the country. The company offers customers a whole suite of services to meet its customers’ financial needs, including the ZB E Wallet and Pauri Card, as well as access to loans and insurance.

WorldRemit customers sending money to Zimbabwe can enjoy zero fees on their first transfer if they use the promo code FREE when making payment.

Pardon Mujakachi, Country Director of Zimbabwe and Head of Sub Saharan Africa at WorldRemit comments: As thousands of children in Zimbabwe go back to school, the contributions of the diaspora are vital to upholding the education of children across the country. Switching to digital services to send money back will make this money go even further.”

“We will continue working with our trusted partners, such as ZB Bank, so that we can guarantee Zimbabweans can collect their money as cash in USD when they need it most.“

Ronald Mutandagayi the Group Chief Executive for ZB, comments: “One of our key strategies at ZB is to leverage on partnerships for customer convenience and growth. This is in line with our current theme and positioning statement; GO BIG and achieve your financial Freedom. We are saying no matter where you are,

ZB will assist you to achieve your dreams and your financial goals.”

“We are excited with the progress made so far with World Remit in light of our recent increased marketing and promotional activity which is targeted towards growth of our Money transfer business.”

“ZB will continue to leverage on our Money Transfer partners including World Remit as we also focus on our Diaspora Banking which we will be formally launching this year in line with our key strategic pillar to increase foreign currency earnings.”

When not expelling tech wisdom, Rutendo feeds on good stories that strike on all those emotional chords. She loves road trips, a good laugh, and interesting people.

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