WorldRemit and Steward Bank form partnership for money transfer services in Zimbabwe

WorldRemit has announced it has teamed up with Steward Bank in Zimbabwe to offer recipients enhanced convenience at the bank’s extended branch network across the country.

Customers of WorldRemit will now be able to make use of cash pick-up services at 13 Steward Bank locations in 10 different cities, including Harare, Bulawayo, Mutare and Gweru.

This development complements the existing options available to the Zimbabwean diaspora and ensures that they have access to the full range of pay-out options, which includes money transfers to EcoCash mobile wallet and airtime top-up in addition to bank deposit and cash pick-up.

According to the World Bank, USD519 billion of remittance payments were made in 2012, of which USD2.1 billion are estimated to have been sent to Zimbabwe.

Ismail Ahmed, Founder and CEO at World Remit, said: “At WorldRemit our priority is making the money transfer process as smooth as possible for our customers. This partnership with Steward Bank increases the options for senders and recipients, making it more convenient to send money to Zimbabwe.”

Speaking on the partnership, Steward Bank CEO, Kwanele Ngwenya said: “We are always looking for new ways to deliver relevant financial services that are affordable.” He added: “This new offering enhances our key propositions as a bank – ease and convenience. Using WorldRemit, Zimbabweans are able to receive money from abroad easily through Steward Bank branches across Zimbabwe.”

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