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Somalia WorldRemit to offer money transfer services to Somalia.

DRACO

VIP
Juba Express and WorldRemit launch international payments to Somalia
The money transfer service will empower Somalis at home and abroad
September 3, 2020
1 minute read


3 September 2020: London: Juba Express, one of the fastest growing money transfer services and WorldRemit, a leading global payments company are connecting to provide Somalis with the opportunity to receive money from family and friends in 40+countries around the globe including the United Kingdom, United States, Australia, New Zealand, Canada and Europe.
According to the World Bank, an estimated $1.4 billion in remittances is sent to Somalia every year by approximately 2 million Somalis in the diaspora. The inflow contributes to 24% of Somalia’s gross domestic product which is a vital life-line for many Somalis who rely on the support for their basic needs such as food, shelter, education, health services, and to sustain their small businesses.
“We are happy to be able to provide this great opportunity for Somalis. With Juba Express and WorldRemit working together, customers are able to experience a safe, fast and competitively priced money transfer experience.” said Ali Rashid, Business Development Manager, Juba Express.
“Somalis can remit home with ease and know that they are helping their families and friends to create new opportunities in all that is important to each family member,
said Ahmed Tani, Country Manager Somalia, WorldRemit. Additionally, this will accelerate the digital growth in remittances.”
The WorldRemit payments platform allows customers to send money to Somalia digitally 24/7 at their convenience, quickly and securely through the WorldRemit app or online at www.worldremit.com.
Recipients do not need a smartphone in order to benefit from this service and can collect their money at various Juba Express cash pick up locations throughout Somalia.
WorldRemit recommends that existing customers download the latest version of the app from google play or the app store. Once the app is updated, customers can then select Somalia as the destination to send money to, choose how much they would like to send, add the recipient and complete the transaction.
Customers in Somalia can receive remittances via WorldRemit from friends and family in 40+ countries across the globe. Visit the WorldRemit website for more information on how to send money to Somalia or download the app from an IOS or Android device.
 
This move is a no brainer and about time. I've used worldremit to send funds to Zaad and found it fairly easy to use. The person can also remove from Zaad as cash through Telesom.
 

DRACO

VIP
This move is a no brainer and about time. I've used worldremit to send funds to Zaad and found it fairly easy to use. The person can also remove from Zaad as cash through Telesom.
I know WorldRemit works in Somaliland but now they will available in neighbouring SOMALIA.
 
Yes I meant it was a bad business decision to wait until now to serve the rest of Somalia...lost money. Business before politics!
 

DRACO

VIP
Yes I meant it was a bad business decision to wait until now to serve the rest of Somalia...lost money. Business before politics!
WorldRemit is very successful. They are one of the biggest Fintech companies worldwide. Somalia and somaliland are different jurisdictions, so getting a permit in Somalia is hard without bribing officials. WorldRemit is a British company so they are governed by British laws and the British gov has thorough anti-corruption checks and measures. The delay in arriving in Somalia wasn’t about politics. Lastly, WorldRemit already serves more lucrative African and Asian destinations, they didn’t loose out on anything.
 
[QUOTE = "DRACO, message: 2499959, membre: 4354"]
WorldRemit est très réussi. C'est l'une des plus grandes entreprises Fintech au monde. La Somalie et le Somaliland sont des juridictions différentes, il est donc difficile d'obtenir un permis en Somalie sans corrompre les fonctionnaires. WorldRemit est une société britannique, elle est donc régie par les lois britanniques et le gouvernement britannique dispose de contrôles et de mesures anti-corruption approfondis. Le retard à arriver en Somalie n'était pas une question de politique. Enfin, WorldRemit dessert déjà des destinations africaines et asiatiques plus lucratives, ils n'ont rien perdu.
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Very informative thanks.
 

Awdalia Rising

SSpot Special Correspondent
Good job for WorldRemit to finally move into the Somalia market after years of just serving the Somaliland market. And it’s electronic too so they don’t have to deal with the terrorists and corrupt politicians trying to extort them constantly. Everything is online so no physical interactions
 
What do you mean about this?
Meaning you can go to a local office in Hargeisa and take cash out. It's across from Deero Mall. You can send I believe $4K USD at a time and this can serve as a local electronic Xawalah service thereby avoiding the need to visit Dahabshiil for example.
 

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