NMB Bank partners World Remit, Small World

NMB Bank partners World Remit, Small World
Published: 01 June 2018 (903 Views)
NMB Bank has partnered with global money transfer agents World Remit and Small World Financial Services to provide further options for Zimbabweans wanting to receive money from other countries.

The bank has been a MoneyGram agent for many years. It is now also a Word Remit and Small World agent. As from today (Friday June 1), anyone receiving money from World Remit or Small World will be able to collect their money from any NMB branch countrywide.

The money will be paid to them in cash in United States dollars or, if they prefer, in another international currency, such as the rand, pound sterling or euro. The service is available to anyone, NMB customers and non-customers alike.

World Remit is a global online remittance service based in the United Kingdom (UK), with its African office in South Africa. It allows people to send money to friends and family abroad using a computer, smartphone or tablet. Once the money has been sent, it becomes immediately available in Zimbabwe.

Small World, which is also UK-based, with its office for Africa in Kenya, also enables people to send money abroad instantly. It has partnerships throughout the world.

NMB Bank international banking head Crispen Mukamba said the new partnerships were intended to increase the options people had for receiving money from relatives and friends in other countries.

"We have already put in place strategies to overcome any challenges that might be caused by the cash situation in the country.

"The facility is prefunded, so we can guarantee cash for anyone who comes to any of our branches to collect funds sent via World Remit or Small World," Mr Mukamba said.

He added that these partnerships with World Remit and Small World worked well with NMB Bank's financial inclusion drive.

"We will continue to introduce products that speak to this market to give them a full range of banking services," Mr Mukamba said.

Money received via World Remit or Small World at NMB Bank can be received as cash or be transferred into an NMB customer's bank account as a foreign currency deposit for later use when, for instance, travelling abroad.

- Agencies

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

'I am used to these attempts,' says Mnangagwa

by AFP | 23 June 2018 | 296 Views

Mnangagwa's Zambian connection clarified

by Staff reporter | 23 June 2018 | 229 Views

Voters' roll row spills into Supreme Court

by Staff reporter | 23 June 2018 | 224 Views

Chidyausiku's widow sues JSC over terminal benefits

by Staff reporter | 23 June 2018 | 143 Views

'Zimbabwe elections, a delayed match'

by staff reporter | 23 June 2018 | 102 Views

Mnangagwa's ally sinks in debt

by Staff reporter | 23 June 2018 | 116 Views

WATCH: Where the Mnangagwa grenade came from

by Staff reporter | 23 June 2018 | 323 Views

Chiwenga's wife injured in grenade attack

by Ndou Paul | 23 June 2018 | 186 Views

Advice to MDC Allians:Know what to oppose and what to support

by Erick Matotoba | 23 June 2018 | 132 Views

BREAKING: Assassination attempt at Mnangagwa, Chiwenga in Bulawayo

by Staf reporter | 23 June 2018 | 190 Views

Mohadi, Muchinguri injured in Bulawayo bomb explosion

by Staff reporter | 23 June 2018 | 156 Views

Mujuru revives campaign rallies

by Staff reporter | 23 June 2018 | 104 Views

Chamisa victory not guaranteed, dynamics long changed

by newzimbabwe | 23 June 2018 | 129 Views

Mnangagwa campaign crews refuse to pay parking fees

by Staff reporter | 23 June 2018 | 110 Views

Mnangagwa is a different person, he has learned

by BBC | 23 June 2018 | 123 Views

Who wanted to kill Mnangagwa?

by Staff reporter | 23 June 2018 | 156 Views

Zimbabwe President survives bomb explosion

by BBC | 23 June 2018 | 103 Views

Mnangagwa is a shameless liar, says Jonathan Moyo

by Ndou Paul | 23 June 2018 | 116 Views

Second Lady 'hospitalised' after Bulawayo explosion

by Staff Reporter | 23 June 2018 | 144 Views

Mnangagwa visits injured victims after Bulawayo explosion

by Ndou Paul | 23 June 2018 | 78 Views

8 injured in Mnangagwa assassination attempt

by Staff reporter | 23 June 2018 | 76 Views

Khupe appraises candidates on campaign strategy

by Staff reporter | 23 June 2018 | 84 Views

One of Mnangagwa's VPs injured in Zim explosion

by AFP | 23 June 2018 | 69 Views

US condemns attempt on Mnangagwa's life

by Ndou Paul | 23 June 2018 | 79 Views

Chamisa should stop spreading 'fake news'

by Knowledge Moyo | 22 June 2018 | 366 Views

Presidential elections 2018 ballot specimen

by social media | 22 June 2018 | 390 Views

Government to float $150m housing bond

by Staff Reporter | 22 June 2018 | 233 Views

Chaos at ZEC meeting

by Staff reporter | 22 June 2018 | 322 Views

Mnangagwa stop lying there is no democracy in Zimbabwe

by Khulani David Ndhlovu | 22 June 2018 | 216 Views

'He wants my pregnant wife'

by Staff reporter | 22 June 2018 | 255 Views

Mutsvangwa calls for CSOs to let bygones be bygones

by Stephen Jakes | 22 June 2018 | 201 Views

Appointment of Zimbabwe judges opens can of worms

by Staff reporter | 22 June 2018 | 207 Views

Nkosana Moyo's unorthodox campaign plan unpacked

by Tinashe Kairiza | 22 June 2018 | 224 Views

Maphosa seeks safe haven in Zimbabwe

by Staff reporter | 22 June 2018 | 233 Views

Parties, media to witness ballot paper printing

by Staff reporter | 22 June 2018 | 182 Views