Steward Bank doles out US dollars through WorldRemit




The leading online money transfer company, WorldRemit, is guaranteeing its customers US dollars in cash for collection at Steward Bank branches across Zimbabwe.

WorldRemit has been operating in Zimbabwe since 2010, and is taking the unprecedented step to source cash through its partner Steward Bank.

Zimbabwean customers can transfer funds from countries around the world, including the UK, Australia, Canada, US and Norway, using WorldRemit’s convenient, fast online service. Recipients will be able to pick their cash from Steward Bank branches in Harare, Bulawayo, Mutare, Masvingo and Gweru.

The move is a response to increasing demand from our customers for cash pickup services ahead of the festive season.

The CEO of WorldRemit Ismail Ahmed said, “We know that remittances are a mainstay for families throughout Zimbabwe and they are especially important as Christmas approaches. Our customers trust us to deliver their hard-earned funds quickly and reliably which is why we are taking this unprecedented step to source cash.”

CEO of Steward Bank, Dr Lance Mambondiani said, “Steward Bank is excited at this initiative by WorldRemit which is aimed at increasing the convenience for our transacting customers.

Diaspora remittances play a significant role in the development of our economy and initiatives such as these have a significant impact in promoting diaspora remittances.”

Customers who send money through WorldRemit can expect the cash to become available within minutes in Steward Bank branches.

Although the guarantee initially only applies to Steward Bank, it is expected that it will soon extend to other WorldRemit pay-out partners in the country.

Since starting its operations in Zimbabwe, WorldRemit has completed over 1.7 million transactions from the diaspora sending money home and has built up a loyal customer base, attracted by its convenient online, lower-cost model.

Visit the WorldRemit website for more information on how to send money to Zimbabwe.

About WorldRemit

WorldRemit is changing the way people send money. It’s easy – just open the app or visit the website – no more agents.

-Transfers to most countries are instant – send money like an instant message.

-More ways to receive (Mobile Money, bank transfer, cash pickup, and mobile airtime top-up).

-Available in over 50 countries and 148 destinations.

-Backed by Accel Partners and TCV – investors in Facebook, Spotify, Netflix and Slack.

WorldRemit’s global headquarters are in London, UK with regional offices in the United States, Canada, South Africa, Singapore, the Philippines, Japan, Australia and New Zealand