WorldRemit and Hello Paisa Partner to Ease Money Transfers in Zimbabwe
WorldRemit and Hello Paisa, two top worldwide digital remittance startups, recently announced a partnership to offer cash pickup services across Zimbabwe. Through the collaboration, which went into effect on July 27, 2022, Zimbabweans can now receive money transfers in US dollars at more than 120 Hello Paisa payout locations throughout Zimbabwe.
Through an extensive network of cash collection locations in both rural and peri-urban areas, our cooperation enables the Zimbabwean diaspora to send money back home to their loved ones with ease.
The amount of money sent home by Zimbabweans living abroad has been rising significantly in recent years. Money entering Zimbabwe increased by 43% ($1.430 billion) in 2021, surpassing the impressive total of USD $1.002 billion in 2020.
Sayjil Magan, Managing Director at Hello Paisa expressed how pleased Hello Paisa is with the WorldRemit partnership. “With financial inclusion and driving the costs of remittances down as cornerstones of our vision, through this partnership, we believe that we will spare Zimbabwean recipients of remittances the hassle to travel long distances to collect their remittances as they will now have access to receive guaranteed US Dollars at any one of our 120 branches in Zimbabwe.”
When speaking about the significant partnership, Darryl Pietersen, Director Anglophone Africa at WorldRemit, noted that the startup was thrilled to be teaming with Hello Paisa. He referred to Hello Paisa as trustworthy partners with years of experience processing remittances in the region.
“We are pleased to be partnering with Hello Paisa, a trusted partner with years of experience processing remittances in the region. Zimbabwe is a prominent receive market in Southern Africa. This partnership allows both the Zimbabwean diaspora and recipients in Zimbabwe to send and receive remittances seamlessly, making financial processes for all as smooth as possible,” said Pietersen.
About WorldRemit
Leading international payment provider WorldRemit is a member of the Zepz group, which also includes Sendwave and powers two international payment brands. WorldRemit is headquartered in London, United Kingdom, and has regional offices all around the world. It is backed by Accel, TCV, and Leapfrog.
By moving international money transfers online, the business has been able to upend an industry that was previously dominated by offline legacy companies, making them safer, faster, and less expensive. We currently operate in more than 5,000 money transfer corridors globally, send to recipients in 130 countries from 50 countries, and have over 1,200 employees worldwide.
WorldRemit is entirely digital (cashless) on the sending end, which improves convenience and 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.
By facilitating faster and easier money transfers for Zimbabweans, WorldRemit and Hello Paisa are enhancing financial inclusion and supporting economic growth. WorldRemit makes sure that remittances are delivered on time by processing transactions in real time and being transparent about fees.