Diamond Trust Bank partners with WorldRemit for digital money transfers to Uganda

WorldRemit customers in over 50 countries can now send money directly from their phones to several new cash pickup locations in Uganda

Kampala and London, 26 February 2019: Leading digital money transfer service WorldRemit has partnered with Diamond Trust Bank (U) LTD (DTB) for digital money transfers to Uganda.

Using the WorldRemit app or website, Ugandans living in over 50 countries can now send money home to their loved ones for collection at 37 new cash pickup locations across Uganda.

WorldRemit saves customers time and money, enabling them to send vital funds home in a few taps from their phones without having to visit a bricks and mortar agent. Customers sending to Uganda can choose from a variety of convenient payout options including bank transfer, cash pickup, mobile money and airtime top-up.

Diamond Trust Bank is one of the leading commercial banks in Uganda. It has a strong regional presence in East Africa with over 100 network locations.

Remittances play an important role in Uganda’s economy. According to the World Bank, the two million strong diaspora community sent home over $1.3 billion in 2017, accounting for approximately 5% of the country's GDP. 

Ivan Kanyali, Country Manager for Uganda at WorldRemit, said: “We are delighted to be expanding our partnership with DTB across East Africa, after launching bank transfer and cash pickup services to Kenya with the bank last year. 

“Uganda is now our fourth largest receive market in Africa and is growing at over 35% year-on-year. Our partnership with DTB adds several new cash pickup locations across urban and rural areas of Uganda to our network., making it even easier for recipients to receive money from abroad.”

Mr. Varghese Thambi, Chief Executive Officer at Diamond Trust Bank, comments: “You can now receive money from over 50 countries worldwide with WorldRemit, and our partnership sets DTB apart as a centre of excellence for money transfers services to Uganda.

“Our branches are a one stop centre where you can manage all your financial transactions. Our working hours at several branches, from 8am to 8pm even on Sundays, also enhance our customers’ ability to access their money.”  

WorldRemit customers make 1.3 million transfers a month from over 50 countries to 145+ destinations worldwide.

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About WorldRemit

We are a leading global payments company and, along with Sendwave, part of Zepz, a group powering two global remittance brands. 

We disrupted an industry previously dominated by offline legacy players by taking international money transfers online – making them safer, faster and lower cost. We currently operate in more than 5,000 money transfer corridors worldwide and as part of Zepz, are part of a 1,400 person global workforce.

Sending money with WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, we offer a wide range of options, including bank transfer, cash pickup, airtime top up and mobile money. 

Backed by Accel, TCV and Leapfrog – WorldRemit’s headquarters are in London, United Kingdom, with regional offices in the United States, Poland, Canada, Australia, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe and Belgium.

About Zepz

Zepz Group is the group powering leading global remittance brands: WorldRemit and Sendwave. Since 2021, Zepz Group has been disrupting an industry previously dominated by offline legacy players by reducing the barriers to finance and increasing safety and convenience for users. Every day, Zepz Group and its brands work towards unlocking the prosperity of cross-border communities through finance and technology - driven by the vision of a world that celebrates migrants’ impact on prosperity, at home and abroad.

Zepz Group brands have helped cross-border communities send over $15bn from 50 countries, to recipients in 130 countries in 2022, and operate over 5,000 money transfer corridors worldwide. Zepz Group employs over 1,400 people globally as a remote-first employer, with team members located across six continents.