dfcu Bank, and WorldRemit, a global payments company, have announced a partnership that makes it easier and faster for Ugandan nationals to process online money transfers.
WorldRemit customers are now able to collect funds in the form of cash pickup at 56 dfcu Bank branches across Uganda, making it easy for families and loved ones to access remittances across the country.
As of February 2022, customers will also be able to collect remittances in the form of bank transfers.
Ivan Kanyali, Uganda Country Manager at WorldRemit, re-emphasized the company’s ambition to streamline digital cross-border payments.
“This new partnership with dfcu Bank once again confirms WorldRemit’s continued drive to expand its partnership base to make it easier and more accessible for people working globally to send money to their loved ones back home,” he said at the launch of the partnership on Thursday, 17 February 2022.
In particular, he said, it will be a welcomed service especially with the opening of the economy, as it will facilitate faster and simpler payments for those doing business and paying school fees.
“Our money transfer and fund access initiatives pave a smoother road for those who need to manage their finances and remittances between different countries,” Kanyali explained.
“Launching a partnership with dfcu Bank enables Ugandans working in countries like the United Kingdom, Australia, Canada, and the United States to safely, conveniently, and quickly process their remittances via bank transfers,” he added.
This unique partnership, Kanyali said, will provide an effective, secure, and practical alternative to the traditional ways of managing remittances and remitting much-needed funds back home to Uganda.
Miranda Bageine Musoke, Head of Personal Banking at dfcu Bank, noted that while the impact of the COVID-19 pandemic on both the global and Ugandan economies cannot be denied, remittance flows still provide crucial support to many families.
“The partnership between dfcu Bank and WorldRemit offers a much-needed solution, which has the potential to increase access to and use of remittances received by households for greater financial inclusion and investment opportunities.
“dfcu Bank is committed to providing services that will give our customers and the rest of the country the necessary support to revive both their personal lives and businesses,” she concluded.
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