WorldRemit Expands Online Money Transfer Services to Tanzania
WorldRemit has expanded its unique online money transfer services to Tanzania in partnership with a local bank in Zanzibar which is popularly known in the Isles as The People's Choice – alias The People's Bank of Zanzibar Ltd. Diaspora members can now send money to their loved ones in the islands of Zanzibar, Pemba and Mainland Tanzania at a finger click. The new WorldRemit online money transfer makes it possible to send money and airtime top-up through internet connection anywhere, anytime and independent of transfer agents. Payments are made through debit or credit cards and online bank transfer methods. It is a convenient and low cost means of sending money back home. You can send as little as USD 15.00 at a minimum fee of USD 1.99
The services are available in UK, Canada, European Union, Australia, New Zealand, etc and soon will be available in USA.
Tanzania is a leading remittance destination in East Africa. The Bank of Tanzania statistics have shown a consistent increase in remittances inflow despite the sluggish growth of Western economies. Tanzanians workers abroad sent home an estimated $337 million in 2010 representing an increase of 6 per cent from $318 million in 2009. It seems that Tanzanians in the Diaspora are undoubtedly trying to emulate their neighbours – Kenyans, who in 2010 sent home 2 billion US Dollars, which when compared to the 60 billion Dollars that Africans are sending home to Africa yearly is indeed a handsome amount. Analysts have observed that the economic difficulties in the West are pushing Diaspora workers to seek for a slice of the growth and development opportunities back home.
Tanzania is a leading remittance destination in East Africa. The Bank of Tanzania statistics have shown a consistent increase in remittances inflow despite the sluggish growth of Western economies. Tanzanians workers abroad sent home an estimated $337 million in 2010 representing an increase of 6 per cent from $318 million in 2009. It seems that Tanzanians in the Diaspora are undoubtedly trying to emulate their neighbours – Kenyans, who in 2010 sent home 2 billion US Dollars, which when compared to the 60 billion Dollars that Africans are sending home to Africa yearly is indeed a handsome amount. Analysts have observed that the economic difficulties in the West are pushing Diaspora workers to seek for a slice of the growth and development opportunities back home.
Traditionally migrants used to send money home through agent locations which meant withdrawing cash from a bank, taking time off to visit an agent, queuing up to hand over cash and paying hefty fees. WorldRemit is transforming this traditional mode and also challenging the costly commissions of the big players that dominate the market, by offering an unprecedented convenience to professionals who can now transfer funds from the privacy and comfort of their own homes or offices 24/7 for much lower fees.
WorldRemit uses a transparent system with clearly displayed and guaranteed exchange rates giving the sender the freedom to decide how much to send and the peace of mind that comes from knowing exactly how much will be received.
About WorldRemit
Winner of the IAMTN 2012 Award for the Best Money Transfer Company in Europe, WorldRemit is the leading online based money transfer business enabling customers to send money to family and friends back home using various payment options including debit cards, credit cards and local payment methods. The company is headquartered in the UK and regulated by the Financial Services Authority (FSA) for the provision of payment services.
WorldRemit has built a robust compliance system that eliminates common problems and risks associated with money laundering and card fraud in international money services. WorldRemit now offers online money transfer to more than 50 countries.
To learn of the 3 easy steps to send money back home, please, visit the website at:
Register yourself at the website, even if you do not intend to send money home today, as this will save you time in the future in case of emergency!
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