WorldRemit introduces low-cost online money transfer system

LEADING online money transfer service provider, WorldRemit, has launched a lowcost online money transfer system from South Africa to Zimbabwe.

As a result of the development, WorldRemit is now the only digital money transfer service that allows people in South Africa to send money to Zimbabwe.

The company’s country director for Zimbabwe and head of South Africa, Mr Pardon Mujakachi, said using the WorldRemit app or website, Zimbabweans living in South Africa can now send money home directly from their phones.

He said senders can choose from a wide variety of convenient payout options including cash pick up, mobile money and bank transfer.

“We’re delighted to launch our low-cost online money transfer service from South Africa, allowing Zimbabweans to send vital funds home to their loved ones directly from their phones.

“Sending from your card or bank account in just a few taps on your phone takes away the stress and risks of having to travel to agents carrying cash or meet with couriers and pay expensive fees to send money home,” he said.

Mr Mujakachi said WorldRemit would introduce some of the cheapest fees available on the market to send money to Zimbabwe — often under half of the average cost.

In order to encourage more people to try the service for themselves, WorldRemit is also offering customers zero fees on their first transfer, he said.

According to the World Bank, South Africa is the most expensive G20 country to send money from.

The average cost of sending $200 from South Africa to Zimbabwe is nearly 14 percent — double the global average.

Presently, 68 percent of remittances from South Africa are sent through informal channels such as unregistered courier services and buses crossing the border.

The firm offers instant cash pickup at over 250 locations in rural and urban areas of Zimbabwe.

Guaranteed cash is available through WorldRemit partners such as Steward Bank, CBZ, Kaah Express, Quest Financial Services and ZB Bank.

“To ensure there are no wasted journeys and that senders know where their money is at each step, we send notifications to both the sender and recipient when the money is sent and ready for collection.

“We believe this is one of the reasons that over 125 000 people worldwide have given WorldRemit a five-star review, but to give new customers an added incentive to try our service for themselves, we are offering zero fees on their first transfer with the code FREE,” Mr Mujakachi said.

The money transfer service provider presently operates in over 40 African countries. It’s major send markets to Zimbabwe include the United Kingdom, United States of America, Australia and now South Africa.

The company recently opened a new office in Johannesburg, as it targets the growth of its inter-Africa business as well as the expansion of its partner network. — @ queentauruszw