The company has seen a 40% surge in transfers sent to ZB branches alone

 Business Reporter

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. Further information is available at www.worldremit.com/en/zimbabwe.

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

 

About WorldRemit

WorldRemit is the leading digital money transfer service that makes sending money as easy as sending an instant message. We currently send from 50+ countries to more than 145 receiving destinations, leading the shift to online and mobile money transfers and improving speed and convenience for users. On the sending side WorldRemit is 100% digital. For those receiving money, the company offers a wide range of options including bank deposit, cash collection, mobile airtime top-up and mobile money. Backed by Accel Partners, TCV and Leapfrog – early investors in Facebook, Netflix and Slack – WorldRemit’ s headquarters are in London, UK with a global presence including offices in the United States, the Philippines, Australia, Canada, Singapore and Japan.

It’s easy to use – just open the app or visit the website and send money 24/7 – no more agents. Learn more at worldremit.com

 About ZB Bank

ZB Bank is a member of the ZB Financial Holdings Group which offers a wide range of financial services spanning commercial banking, mortgages and loans, life assurance, short term insurance and reinsurance. Through its various SBUs the group is able to profitably offer these services to a diversified target market that covers individuals and corporates, both locally and abroad. ZB bank which is the flagship SBU offers; ZB Pauri Khonapho agency banking with over 10 000 agents nationwide, diaspora banking targeted at the Zimbabweans working and living abroad, corporate banking, investment and advisory services, retail banking, treasury services, international banking services, real estate services and so much more. It has one of the largest branch networks, over 60 branches nationwide. For more information on ZB visit our website www.zb.co.zw and get us on social media; Facebook, Instagram, LinkedIn, YouTube @ZBBank Twitter @ZB_Bank

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