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WorldRemit offers cheap money transfer fees

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WorldRemit has continued simplifying its international money transfers and payout services by offering cheaper fees on its transactions.

According to the OBSERVER, for a charge of 99 US dollar cents per transaction, one is able to send any amount of money to 150 countries across the globe.

On average WorldRemit is 25 percent cheaper than the other money transfer providers, who charge between $4 (Shs 14,800) and $19 (Shs 70,300) a transaction.

Also, WorldRemit is 48 percent cheaper than banks to send money abroad. While speaking to The Observer recently, Ivan Kanyali, the country manager of WorldRemit, said that as a leading money transfer service provider, they want people to access money sent to them from abroad easily and more affordably.

Kanyali noted that because of the Covid-19 pandemic, people are in a lockdown and, therefore, do not have a lot to spend.

Therefore, with minimum expenditure, they are able to send money to their family and friends without much worry that what they receive is little, because of the sending charges.

In addition, through WorldRemit, one can receive money sent from abroad through their mobile money platform on MTN and Airtel.

Kanyali said, “Following the lockdown, people’s movements are restricted. So, they cannot easily access their banks. But mobile money services are right within their residences.”

With digital transactions, Kanyali believes one can still pay for things in a grocery store, shop or supermarket, and have whatever they have bought delivered to their doorstep without moving out.

WorldRemit also offers cash saving services, just for one to protect themselves for future emergencies.

“We have partnered with major players globally such as M-PESA, MTN and bKash, and have access to over 190m mobile money accounts,” Kanyali said.

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