WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Tuesday it has formed a partnership with Mukuru, one of Africa’s largest remittance providers to broaden options for cash pick up in Zimbabwe. WorldRemit claims that the partnership will be instrumental in bringing “world-class” financial services to Zimbabweans and generating new synergies for African financial inclusion.
Pardon Mujakachi, Head of Sub Saharan Africa and Country Director for Zimbabwe at WorldRemit, stated:
“Through this partnership we are able to drive our service further and wider, providing access to remittances even in small towns and growth points across the country. We want to ensure that everyone, everywhere has access to our service which offers a fast and convenient user experience, affordability and easy access to cash.”
WorldRemit also observed that its customers are in more than 50 countries including the UK, U.S., Australia, New Zealand, Canada, and Europe to send money far and wide in Zimbabwe. Recipients are now able to collect their WorldRemit remittance at any of Mukuru’s 120 booths and branches, which are located across the country in both rural and peri-urban areas. Mujakachi added:
“WorldRemit is 25% more affordable than the traditional players and banks. Our extensive cash collection network, flexible cash collection hours and lower fees, offer value for money to our customers. This proves us to be the most affordable means of sending money to Zimbabwe.”
Founded in 2010, WorldRemit is seeking to change the way people send money abroad. The company sends to 150 countries around the world and has more than four million customers.