WorldRemit Partners with JazzCash To Boost Money Transfers to Pakistan

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WorldRemit Partners with JazzCash To Boost Money Transfers to Pakistan

WorldRemit announced recently that they have partnered with JazzCash Mobile Money to boost money transfer services to Pakistan. The partnership, through instant mobile remittance, will enable over 9 million Pakistani expatriates currently living and working abroad to send money to their loved ones or friends in Pakistan.

The Global Business Development Director at WorldRemit, Mr. Bryce Currie, commenting on this partnership, said,

“WorldRemit is planning to facilitate more than 580,000 money transfers transactions to Pakistan every month. Our partnership with JazzCash Mobile Money will eliminate the hassle of waiting for several days to receive money from overseas. Now, WorldRemit customers can send money to their loved ones and friends in Pakistan with just a few clicks on their mobile phones. Any amount sent through this platform will be collected as Mobile Money by a Pakistani beneficiary on the same day.”

The Chief Digital & Financial Services Officer at Jazz, Mr. Aniqa Afzal Sandhu, also added,

“Remittances from overseas play an important role in the growth of Pakistan’s economy. According to the report released by the State Bank of Pakistan, Pakistani expatriates currently living and working abroad remitted more than $20 billion last year. By partnering with WorldRemit, we aim at making it easier for the locals who rely on financial support from abroad to receive money to run their households.”

The decision to bring JazzCash on board follows WorldRemit survey which found that Pakistanis are rapidly switching from the old method of sending money using a local agent to using faster and safer online money transfer methods.

WorldRemit is an online money transfer company based in London available in more than 50 countries and 140 destinations. Sending money to most countries using WorldRemit’s online system is instant just like a text message. Recipients can receive via cash pickup, bank transfer, Mobile Money or mobile airtime top-up.

Interested individuals can download the company’s app or visit its official website. There are no agents involved when sending or receiving money.

In Other Related News

World Remit, a Digital money transfer service, is consolidating its rapid growth into Tanzania. This London-based online money transfer company announced on Monday that it has expanded its services to this country in East Africa with the aim of supporting the growing demand for instant money transfer to the country from millions of expatriates living abroad

The company said, “Our Mobile Money partnerships together with the current services for cash pick-up and bank deposits will give Tanzania more options to choose from. We will further support the migration from expensive offline remittances through street agents to safer, cheaper and faster online transfer methods.”

The Company also announced that more than 10,000 unique transactions, which to them is a new record, were completed in December last year. The company also said that they hit a 150 percent YoY growth last year. They attribute this growth to the rapid increase of mobile money accounts as the preferred way of receiving money.

According to the Company, customers from anywhere in the world can send money to their friends and loved ones in Tanzania through Mobile Money to Zantel Ezy Pesa, Vodacom M-Pesa and Tigo Pesa Mobile Money accounts, as well as cash pick up and bank deposit.

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