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WorldRemit, the global online money transfer service, has teamed up with Steward Bank in Zimbabwe to offer recipients enhanced convenience at the bank’s extended branch network across the country.
Customers of WorldRemit, which recently secured a $40 million investment deal from Accel Partners, will now be able to make use of cash pick-up services at 13 Steward Bank locations in 10 different cities, including Harare, Bulawayo, Mutare and Gweru.

This development complements the existing options available to the Zimbabwean diaspora and ensures that they have access to the full range of pay-out options, which includes money transfers to EcoCash mobile wallet and airtime top-up in addition to bank deposit and cash pick-up.

According to the WorldBank, $519 billion of remittance payments were made in 2012, of which $2,1 billion are estimated to have been sent to Zimbabwe.
WorldRemit, with its online business model, offers a more efficient, affordable and transparent remittance alternative to traditional money transfer operators.

Customers can send funds from 36countries to families and friends in over 100 destinations. — WorldRemit.