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One of the world’s leading remittances firms, WorldRemit, has announced that it is terminating bank transfers to Zimbabwe bank accounts.
The Global money transfer service provider said the removal of bank transfers from Zimbabwe is with effect from 29 June 2022.
According to WorldRemit, the money transfer company made the decision because it does not believe that it can provide the best quality service in Zimbabwe.
However, other money transfer services from WorldRemit are still available, including cash pickup, mobile money and airtime.
Below is part of the notice from WorldRemit on the move to cancel bank transfers to Zimbabwe.
At WorldRemit, we pride ourselves on offering the best possible service to our customers. Sometimes that means removing services where we don’t believe we can provide the best-quality service or the widest range of options for you.
We’ve decided to remove bank transfers from our service in Zimbabwe. From 29/06/2022, you won’t be able to send money to bank accounts in Zimbabwe.
We do apologise for any inconvenience this causes to you or your loved ones. The good news is that our other money transfers, including cash pickup, mobile money and airtime, will still be available. Have a look at our website and app for more information.
WorldRemit also terminated its relationship with the government-owned National Building Society (NBS).
NBS is a wholly owned subsidiary of the National Social Security Authority (NSSA), a statutory corporate body tasked by the Government to provide social security. NSSA is wholly owned by the Government of Zimbabwe.
In another communication, WorldRemit said,
At WorldRemit, we pride ourselves on offering the best possible service to our customers. Sometimes that means removing services where we don’t believe we can provide the best-quality service or the widest range of options for you.
We’ve decided to remove National Building Society from our range of services. From 29/06/2022, you’ll no longer be able to send cash to be picked up at National Building Society locations.
If you have sent a cash pickup transfer to National Building Society locations, please make sure your receiver picks up their cash before 13/07/2022.
We do apologise for any inconvenience this causes to you or your loved ones. The good news is that you can still send cash pickup transfers to many other locations.
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