Digital money transfer firm WorldRemit has collaborated with BancABC to enable its customers make remittances to Zimbabwe.
Under the alliance, WorldRemit users in more than 50 countries can make fund transfers to 20 BancABC branches in Zimbabwe.
Customers can make the money transfers through the WorldRemit app or website.
WorldRemit head of Southern Africa Pardon Mujakachi said: “The number of transactions sent by Zimbabweans through WorldRemit’s cash pick up service is growing at more than 20% per month, as the diaspora continue to invest in their local economy and support their family and friends back home.
“We are delighted to be partnering with BancABC, a part of Atlas Mara and a leading financial institution across the region. The partnership will build on WorldRemit’s rapid expansion in Zimbabwe as we continue to scale our network of partners across the country.”
The latest partnership aligns with WorldRemit’s strategy to expand in Zimbabwe.
Zimbabwe secured around $1bn in remittances in 2016, according to data from the country’s central bank.
In the next 12 months, WorldRemit intends to double its partner network in the country.
BancAVC country head of digital banking Paul Banga said: “This partnership will enable us to serve clients across different regions more effectively and move closer to seamless digital experiences for our customers.”