HARARE, Zimbabwe, 4 November, 2022,-/African Media Agency (AMA)/- Ever wondered what digital money transfer services to choose from after receiving money from a friend or relative living abroad like in South Africa? Or you might be living and working in the diaspora and need to send money back home to Zimbabwe.
Knowing the difference between a good online money transfer service and a great one is important regardless of whether you are sending money or receiving it.
The pandemic proved a significant growth catalyst for the digitization of remittance services in Zimbabwe where the majority of transactions in the country are carried through digital means with only 4% being cash-based. As more online money transfer services go to the market, it is important that consumers know how to choose a service that fits their needs.1
As part of our coverage on the financial and technology sector, we are focusing on WorldRemit – a leading global payments company that is headquartered in London and that has a strong and growing presence in more than 130 countries globally.
Sending money
The service allows you to easily and quickly send from more than 50 countries to recipients in 130 countries around the world via the WorldRemit app or website, which is available on Android and iOS and as of June 2022, it was reported that WorldRemit users globally sent nearly £170M GBP (approx. $205m) in remittances back to Zimbabwe.
You can get the full list of countries HERE.
How can you register on WorldRemit?
Registering for a WorldRemit account is simple and easy. Because your WorldRemit account is linked to your bank, card or mobile wallet, you can simply send money with just a few taps on your mobile device or laptop. Within minutes your transaction will be processed, with all fees clearly labeled upfront.
Unlike traditional money transfer services that require you to travel to a physical location and speak to an agent in-person to send money abroad, WorldRemit is 100% digital (cashless), thereby enhancing convenience and security. The absence of physical agents also reduces WorldRemit’s cost of remittances, allowing it to pass on the cost savings to users through affordable fees.
Receiving money
For those receiving money in Zimbabwe, WorldRemit offers a wide range of options, including through cash pick-up partners in Zimbabwe as well as via mobile money. More options mean greater convenience. Conversely, for those who want to collect their transactions in hard currency, you are able to at a safe location. You may even want to receive money – especially if it is small amounts – as airtime; this may prove useful for people like students or those that work online and need data bundles.
What we liked
+Safety first
+24/7 support
+Trusted reviews
+Simple, fast and affordable
For more details, visit: www.worldremit.com
Distributed by African Media Agency (AMA) on behalf of WorldRemit.
Notes to Editors
Sources:
About WorldRemit
We’re a leading global payments company and, along with Sendwave, part of Zepz, a group powering two global payments brands.
We disrupted an industry previously dominated by offline legacy players by taking international money transfers online – making them safer, faster and lower-cost. We currently send from 50 countries to recipients in 130 countries, operate in more than 5,000 money transfer corridors worldwide and employ over 1,200 people globally.
On the sending side WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. 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, TCV and Leapfrog – WorldRemit’s headquarters are in London, United Kingdom with regional offices around the world.
www.worldremit.com
Media Contact
WorldRemit Press Office
media@worldremit.com
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Source : African Media Agency (AMA)