WorldRemit and Centenary Bank offer new remittance service to Uganda
Ugandan diaspora can now send money to all Centenary Bank accounts or for collection at any Centenary Bank branch
Kampala and London, 13 December 2017: Leading digital money transfer company, WorldRemit has partnered with Centenary Bank, the leading commercial microfinance bank in Uganda to offer a new remittance service to Ugandans living abroad.
The Ugandan diaspora living in over 50 countries – including the United Kingdom, Sweden, Canada and Australia - can now send money home to family and friends with a Centenary Bank account in Uganda or for cash collection at any Centenary Bank branch location across the country.
Money transfers are easy and fast using WorldRemit’s convenient digital-first model. Funds can be sent from the WorldRemit phone app or website, without spending time and money visiting a bricks and mortar agent.
Uganda’s 400,000 strong diaspora play an important role in the country’s economy and the World Bank estimates that in 2015 over $900 million was received in remittances.
Ismail Ahmed, the founder and CEO of WorldRemit, comments: “Uganda is one of our largest and fastest-growing markets in Africa. We are pleased to partner with Centenary Bank, one of Uganda’s leading banks, as we can now offer even more choice and convenience for our customers.’
Mr Fabian Kasi, the Managing Director of Centenary Bank said; “Partnering with WorldRemit re-affirms our Bank’s commitment to offer appropriate financial solutions that meet the needs of our customers, especially those living in the diaspora. This money transfer service shall complement our already existing products including the Cente Diaspora account, designed specifically to enable Ugandans living abroad save money back at home. We have also leveraged technology through the adoption of internet banking and mobile banking platforms to ease access to our services by all our customers, including those overseas. Centenary Bank shall continue exploring unique and faster to ways to promote access to financial services by all people in a sustainable manner.”