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hibaerrai

Mukuru and WorldRemit team up to expand remittance in Southern Africa - FurtherAfrica - 0 views

furtherafrica.com/...-remittance-in-southern-africa

Mukuru WorldRemit Africa Remittance Money transfer Online

shared by hibaerrai on 13 Feb 21 - No Cached
  • Mukuru and WorldRemit announced a deepening of their existing partnership. Having initially launched the alliance in Zimbabwe, the two companies aim to expand their collaboration for cash remittances into Zambia, South Africa, Mozambique, Malawi and Botswana. This is an important next step in furthering the delivery of world-class services and financial inclusion across the African continent.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Working with WorldRemit is a smart step of Mukuru as it will increase its customer base, and help it expand more in Africa and maybe in the world.
chaimaa-rachid

WorldRemit Review - 7 Things You Must Know Before You Signup - 0 views

transumo.com/worldremit-review

low-fee currency WorldRemit

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • WorldRemit charges you a transfer fee on each transaction, which depends on the currency you are sending, the amount and the delivery option.
  • chaimaa-rachid on 13 Feb 21
     
    WorldRemit is known for giving its clients reasonable cash moves with charges that are regularly lower than standard fees. Besides, the transfer is secure and fast.
hibaerrai

How WorldRemit continues to lead the way in Nigeria | TechCabal - 0 views

techcabal.com/...ues-to-lead-the-way-in-nigeria

WorldRemit Remittance E-payments Nigeria

shared by hibaerrai on 13 Feb 21 - No Cached
  • WorldRemit has the largest bank payout network for transfers to USD bank accounts in Nigeria, which includes Access Bank, FirstBank, Fidelity, GT Bank, UBA and FCMB, with ongoing plans for further expansion. Cash pickup in USD is also available from the following banks: Fidelity Bank, First Bank, Access Bank, Polaris Bank, FCMB, Zenith Bank and Union Bank. For added security and convenience, both senders and recipients automatically receive transaction and PIN numbers via SMS and email, for cash pick up. Recipients must present both numbers along with their ID at cash collection points. 
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit took advantage of the pandemic and expanded their services to suit their customers. It made money transfers easier throughout this special period. It's transfers networks largened.
hibaerrai

WorldRemit launches new product for business payments to Ghana | Africanews - 0 views

www.africanews.com/...for-business-payments-to-ghana

WorldRemit Remittance E-payments

shared by hibaerrai on 13 Feb 21 - No Cached
  • WorldRemit’s low fees and exchange rates are shown up-front and customers can send money easily via the company’s website and app. By extending its money transfer service to SMEs, WorldRemit will save businesses time and money when they make international payments.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit transfer fees are quite low, and I believe that is caused by competition. In fact, banks provide the same services, however their fees are higher. So decreasing fees is a huge selling point for the fintech.
  • Today, we’re pleased to extend that service offering to businesses, and put an end to the steep fees that many pay, especially when sending to Ghana. We’re committed to making it quick, safe and easy for you to pay individuals across borders, leaving you to focus on growing your own business.”
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Low costs strategy is a winning strategy.
hibaerrai

WorldRemit Raises $175M For Global Expansion | PYMNTS.com - 0 views

www.pymnts.com/...worldremit-funding-transfer

WorldRemit Remittance E-payments Online

shared by hibaerrai on 13 Feb 21 - No Cached
  • “In 2018, mobile and online payments to emerging markets reached a record high of $528 billion and we expect this number to increase. As WorldRemit handles a growing share of this market, we look forward to continue working with the company to scale its digital platform and expand its service to reach many new customers across the globe,” TCV General Partner John Doran said in the press release.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit acquires huge market shares and is making her way to becoming the first mobile and online payments platform.
chaimaa-rachid

WorldRemit raises $175M at $900M+ valuation to help users send money to contacts in eme... - 0 views

techcrunch.com/...o-contacts-in-emerging-markets

WorldRemit quick-money million

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • WorldRemit, the London startup that has focused on enabling competitively-priced, quick money transfers from migrant workers and immigrants living in developed countries back home, typically in developing countries, has raised $175 million in a Series D round of funding from TCV, Accel and Leapfrog.
  • chaimaa-rachid on 13 Feb 21
     
    In this article, we can notice that the company has grown and I think it will maintain this growth as people are satisfied with its services.
nouhaila_zaki

Fintechs seize opportunities in Africa remittances market - African Business - 0 views

african.business/...-in-africas-remittances-market

Mukuru Lesotho African remittances market Pandemic

shared by nouhaila_zaki on 13 Feb 21 - No Cached
  • Yet the pandemic and increasing competition have presented an opportunity for newer, nimble firms such as WorldRemit and Mukuru, who use disruptive online technology through smartphones, and often undercut the prices traditional remittance firms charge customers to send money to the continent. 
  • WorldRemit also partnered with OPay, a Nigerian financial services technology company, and Mukuru, an Africa-based remittances fintech business operating in over 20 African markets. The deal now means there will be no charges for Mukuru customers on cash collections for transactions with WorldRemit.  
  • For Mukuru, the weakening of the informal trade has meant growth has accelerated since April, says CEO Andy Jury, although the long-term impact of Covid-19 on labour migration is unknown. 
  • ...1 more annotation...
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      These excerpts reflect how by weakening the informal remittances sector, the pandemic has become a growth opportunity for Mukuru. Also, the excerpts reflect how the collaboration and partnership between Mukuru and other companies i.e. WorldRemit, helped Mukuru prosper.
hibaerrai

WorldRemit and Digicel International Partner to Enable Mobile Wallet Transfers in Pacif... - 0 views

finance.yahoo.com/...-partner-enable-233200899.html

WorldRemit Algeria Remittance E-payments International

shared by hibaerrai on 13 Feb 21 - No Cached
  • Scott Eddington, WorldRemit’s Managing Director for Asia Pacific, said: "We are proud of our history of helping customers send money back home to friends and family in the Pacific Islands, and this new partnership with Digicel will strengthen our offering and give even more choice to consumers. It couldn’t come at a better time – travel restrictions continue to impact on tourism and the movement of seasonal workers, and COVID-19 has created a step-change shift in consumer behaviour towards digital options such as mobile wallets."
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit continued to expand its activities with different countries in the world especially during the pandemic, and I believe that it is necessary since financial activities digitization is the future.
hibaerrai

How we keep your data and money safe | Know your customer - 0 views

www.worldremit.com/...kyc

WorldRemit Remittance E-payments Data Security

shared by hibaerrai on 13 Feb 21 - No Cached
  • “Know Your Customer” - or KYC - is a verification process in the financial industry. If you have ever opened a bank account or applied for insurance, then you have been a subject to KYC checks. All regulated financial companies are responsible for building their KYC checks based on global and national anti-money laundering standards. This way, companies can make sure that it’s a suitable verification process for their customers, services and industry. If customers can’t provide any formal identification, or if it is difficult to authenticate it, companies can’t easily identify them and offer them their services. 
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      WorldRemit obviously takes data privacy seriously and it employs the KYC model to make sure that their customers meet the requirements to use these financial services. It is important to use the appropriate security measures in order to establish a safer platform.
hindelquarrouti

Mobile money: A product of choice for women to send and receive remittances - 2 views

www.ifad.org/...41410919

Worldremit Fintech females

shared by hindelquarrouti on 12 Feb 21 - No Cached
  • Women constitute the majority of remittance recipients globally and remittances have an impact on both women’s actual income as well as on social normsRemittances are believed to directly touch the lives of 1 billion people globally, maintaining millions of receiving families above the poverty line with remittances often representing 60 per cent or more of household income.
  • Remittances are believed to directly touch the lives of 1 billion people globally, maintaining millions of receiving families above the poverty line with remittances often representing 60 per cent or more of household income. Globally, women represent almost half of the 258 million migrants and back home in the countries of origin, women represent the majority of remittance recipients.
    • samielbaqqali
      samielbaqqali on 12 Feb 21
       
      For people in need, WorldRemit has solved a big problem. It isn't just about women on the poverty line who can benefit from this program, but it can be done for anyone in need. I believe that programs that address social issues will easily win the trust of customers.
  • data from WorldRemit indicates that in 2014, 20.46 per cent of their female customers globally would use mobile money as payout mechanism compared to only 13.99 per cent of men.
  • ...1 more annotation...
  • First of all, mobile money is significantly cheaper than cash-based remittance services
  • hichamachir on 12 Feb 21
     
    WorldRemit solved a huge problem for people in need. It's not about just women who are in the poverty line that can benefit from this service, but everyone in need can do so. I think that services that solve social problems can gain customers trust easily.
  • hindelquarrouti on 13 Feb 21
     
    World remit has introduced an advantage by increasing convenience security, and privacy which has clearly helped a lot in including unbanked females as they are inclined toward this kind of characteristics.
chaimaa-rachid

WorldRemit expands to Lebanon - 0 views

www.worldremit.com/...worldremit-expands-to-lebanon

Lebanon Partnership new-service

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • Our new cash pick up service in Lebanon will allow people in the diaspora to send money to be collected as cash at trusted, dependable financial brands back home.”
  • chaimaa-rachid on 13 Feb 21
     
    Since WorldRemit expanded its services in Lebanon, individuals from various nations will have the possibility to transfer money to a larger number of countries.
chaimaa-rachid

WorldRemit expands to Algeria - 0 views

www.worldremit.com/...worldremit-expands-to-algeria

Malawian Algeria Partnership

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • “According to the World Bank, over 80% of the Malawian population live in rural areas. Our new partnership offers recipients a variety of convenient cash pickup locations across the country, and our digital model drives down the cost of remittances as senders do not have to visit a traditional offline money agent.”
  • chaimaa-rachid on 13 Feb 21
     
    WorldRemit is improving consumer loyalty by presenting new services that permit advanced fund transfer.
hibaerrai

Mukuru and WorldRemit Partner to Further Expand Remittance Service into Southern Africa - 0 views

apnews.com/...f7afd2d0c445dca821f53ea22f33a0

Mukuru Money Transfer Remittance Online Africa

shared by hibaerrai on 13 Feb 21 - No Cached
  • Since the launch of the partnership in June 2020, WorldRemit customers in over 50 countries – including the United Kingdom, United States, Australia, New Zealand, Canada and Europe – have been able to send money to their loved ones in Zimbabwe who are in need of financial resources as the coronavirus pandemic draws out. Beneficiaries can collect their WorldRemit remittance at any of Mukuru’s 150+ orange booths and multiple branches located across Zimbabwe in both rural and peri-urban areas.The cash pick up service is operational six days a week and customers will not have to endure long queues. They can collect their cash quickly and safely.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Mukuru and WorldMerit Partnership was very beneficial for Mukuru. It became more serious in the market especially the african one.
aminej

(4) WorldRemit: Overview | LinkedIn - 0 views

www.linkedin.com/...worldremit

Fintech Algeria Service Online Transfer Money Mobile

shared by aminej on 12 Feb 21 - No Cached
  • We’re changing the way people send money abroad. We’re taking something complicated and making it simple. Our people and our technology work together to create faster, easier and lower cost money transfers. We send to 150 countries around the world and have over 4 million happy customers – a number that’s growing every day. After all, 125,000 5★ reviews can’t be wrong! We believe in helping our customers’ hard work go further. We’ve helped millions of children to go to school, helped thousands of people to receive medical treatment and, every week, we help tens of thousands of people to pay their bills. But most importantly, we do it all with the creativity, imagination and colourful spirit of our customers.
    • aminej
      aminej on 12 Feb 21
       
      WorldRemit consist of sending money to your loved ones wherever they are, with a cheap cost and an amazing convenience. They are also present in different areas of the world but they are very present in Africa where there is a poor infrastructure, and a high level of unbanked people.
kenza_abdelhaq

Digital Money Transfer Market Revenue, Industry Share and Growth Rate by Players - Flyw... - 0 views

www.atlanticfinancialmanagement.co.uk/...rldremit-remitly-mobetize-corp

M-Pesa Kenya Payments market

shared by kenza_abdelhaq on 13 Feb 21 - No Cached
  • Important key players of this Digital Money Transfer marketplace:
    • kenza_abdelhaq
      kenza_abdelhaq on 13 Feb 21
       
      According to the Digital Money Transfer industry report, M-Pesa is a key player in the Digital Money Transfer marketplace.
  • kenza_abdelhaq on 13 Feb 21
     
    "Important key players of this Digital Money Transfer marketplace:"
hibaerrai

South African money transfer firm sees uptick in customers - 0 views

www.fxcompared.com/...fer-firm-sees-uptick-customers

Mukuru Fintech Money transfer Africa Remittance

shared by hibaerrai on 13 Feb 21 - No Cached
  • Mukuru, which is based in the city of Cape Town, said that it had seen a rise in users during the coronavirus pandemic – caused in part by customers choosing to prioritise remittances to family. Remittance services were designated as essential during the coronavirus lockdowns in South Africa – offering firms such as Mukuru a lifeline as customers in some verticals sought continued services. The firm has also paired up with global money transfer brand WorldRemit to offer what was described by Mukuru’s chief executive as “broader, deeper pay-out networks” that tackled the network’s “white space” issues.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Mukuru partnership with WorldRemit has positively impacted its activities. Covid-19 and the partnership pushed more individuals to start sending remittances to their families and thus expanding in the country.
chaimaa-rachid

International Money Transfers - Send Money Online - 1 views

www.worldremit.com/en

low-fees technology protection

shared by chaimaa-rachid on 13 Feb 21 - No Cached
  • ow fees and our best exchange rates up front, with no hidden costs
  • We use industry-leading technology that protects your money and guarantees it arrives safely every time.
  • See our low fees and our best exchange rates up front, with no hidden costs
  • hindelquarrouti on 13 Feb 21
     
    Worldremit is smartly increasing and promoting financial inclusion by using industry leading technology in order to guarantee safe, fast, and cheap money transfers.
  • chaimaa-rachid on 13 Feb 21
     
    WordRemit services ensure protected, quick, and cheap money transfers.
hindelquarrouti

Diigo - PowerPoint Presentation.pdf - 1 views

www.diigo.com/...hindelquarrouti

WorldRemit Financial-Inclusion Fintech

shared by hindelquarrouti on 08 Feb 21 - No Cached
  • hindelquarrouti on 08 Feb 21
     
    This article introduces to us the notion of using Blockchain to implement financial inclusion. It mentions how it has powered services for different segments that were previously excluded like migrants and refugees. For instance, it illustrates how WorldRemit provides people with online services that allows them to send money to relatives and friends in other places in the world. All this using smartphones and computers.
ghtazi

Mukuru CEO - Using technology to serve the underserved - Intelligent CIO Africa - 0 views

www.intelligentcio.com/...nology-to-serve-the-underserve

Zimbabwe African Financial Inclusion

shared by ghtazi on 13 Feb 21 - No Cached
  • Biometrics is another sort of key differentiator in the space for increased security and ease of sign-up. Africa is ready for digitisation, and we have already seen good traction in SA with our Mukuru Card product. Mukuru is investing in technology to support customers as they digitise in the coming years, across our footprint.
  • Ensuring that the core stability and functional capability brought about by the technologies and coding languages mentioned earlier is of paramount importance. We are relaunching our app and that’s been built on the Flutter framework. The app is important because it allows for content rich customer engagements.It will also enable us to ingest/scan customer documents in real-time, process card payments securely so that customers can create and pay for orders in one step as opposed to two, as well as allowing for a host of additional customer facing services and capabilities to be deployed.The core DNA of our business is making sure that it’s super simple and that somebody with a feature phone is not precluded from using the service, because that is the essence of where our customer base is at, so we want modular technological capabilities that we can use in any conditions.
    • nouhaila_zaki
      nouhaila_zaki on 13 Feb 21
       
      This article is important because it touches upon different facets of Mukuru, but the highlighted excerpts are very interesting because they enumerate the different technologies in which Mukuru is investing and the reasons behind such investmnents.
  • ...3 more annotations...
  • Mukuru has been at the forefront of technology launching a multitude of cutting-edge initiatives designed to solve problems for the African migrant diaspora.This year has seen it launch Mukuru Groceries – a service that is giving SADC based customers the ability to send groceries to their families and communities back home in Zimbabwe.At a time when many families are struggling to obtain basic commodities, Mukuru Groceries will help support Zimbabwe’s large diaspora in their quest to send critical financial resources to families back home.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Even if Mukuru operates only in Africa, it creates new concepts that will make their services essential in the country. Mukuru groceries is a smart strategy, and it will help attracting more and more customers as it supports one of their vital needs.
  • Through our partnerships we have over 300,000 pay-in and pay-out points across Africa. We’ve partnered with major banks in all the territories we operate in – if we don’t have a licence, particularly at the outset of a product or service offering, in the country, then we have to use an authorised dealer bank. We work with the big retailers in South Africa, that have been exceptional at making their branch infrastructure with their footprint available to digital services. So we work with all the big retailers in South Africa and similarly so in other territories, so companies like Shoprite, Pick n Pay,Boxer, Spar, PEP, Massmart, complemented by mobile wallets like mPesa – a range of key names.
    • sawsanenn
      sawsanenn on 13 Feb 21
       
      Working with different partners across Africa can be beneficial to Mukura since they can expand their business in other countries besides the ones that they are already working with.
  • The company has also formed a partnership with WorldRemit, a leading global online money transfer service, to facilitate money transfers to Zimbabwe from across the globe. The partnership will be instrumental in bringing world-class financial services to Zimbabweans and generating new synergies for African financial inclusion
    • ghtazi
      ghtazi on 13 Feb 21
       
      in this excerpt, we can see that the company has a partnership with WorldRemit, which is a leading global online money transfer service, in order to facilitate the transfer of money for Zimbabwe from across the globe. which in my humble opinion will create and generate new synergies for African financial inclusion.
hibaerrai

World Remit | Remittance Provider - 0 views

www.remitadvisor.com/remittance-provider.php

WorldRemit Remittances Fintech Money Transfer Online

shared by hibaerrai on 13 Feb 21 - No Cached
  • We live in a world of instant global communication. Yet the business of sending money abroad has remained stuck in the past. Many money transfer companies still make their customers visit an agent and fill-out bits of paper. And despite the inconvenience, their rates are often punishing.
    • hibaerrai
      hibaerrai on 13 Feb 21
       
      Money transfer digitization is really essential nowadays as new technologies appeared. I believe that online platforms are the way to go from now on, and traditional institutions will disappear.
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