WorldRemit expands across Africa through new partnership

Both companies are combining their strengths and leveraging their capabilities and resources

WorldRemit

WorldRemit expands across Africa through new partnership. Source: unsplash.com

WorldRemit is deepening its partnership with African fintech Mukuru to expand services and financial inclusion across the African continent.

The two companies aim to expand their collaboration for cash remittances into Zambia, South Africa, Mozambique, Malawi and Botswana

The partnership expansion is the latest move by both companies to enhance the delivery of financial services to customers.

The report states that customers will benefit from guaranteed cash at all times. In addition, there will be no cash-out charges to recipients on cash collections.

Until now, customers who received payments into mobile wallets in partnership countries would pay a cash-out fee when withdrawing cash.

Now, when a WorldRemit customer sends cash to a recipient in Zambia, and that recipient collects their transfer at a Mukuru booth, the recipient will pay no fee at all.

The response to our service launch in Zimbabwe was phenomenal, and we are happy to be able to offer our customers in Zambia, South Africa, Mozambique, Malawi, and Botswana the same unmatched customer experience providing low cost and convenient access to remittances, no matter the location. As we expand on our partnership, our joint efforts for financial inclusion is creating a positive shift for our customers on the African continent. The WorldRemit service is 100% digital on the send side via the WorldRemit website or mobile app, providing 24/7 access to remittances from 50+ send countries, into over 7,000 Mukuru cash pick-up locations across the five countries we are newly launching
Pardon Mujakachi, Head of Sub Saharan Africa at WorldRemit 

We’ve reported that the global mobile wallets industry is expected to boost nearly 50%, reaching $1.47 trillion value in 2020.

SEE ALSO:

Categories: All materials Fintech News