FINCA partners with WorldRemit for instant money transfers to Uganda

Using the WorldRemit app or website, customers living in over 50 countries can now send money directly from their smartphones to more than 25 new cash pickup locations in Uganda

Kampala and London, 15 April 2019: Leading digital money transfer service WorldRemit has teamed up with FINCA Uganda to add over 25 new cash pickup locations to its network in the country.

The new partnership with FINCA, a trusted microfinance institution, takes the total number of WorldRemit cash pickup locations in Uganda to over 250 across urban and rural areas. Transfers sent for cash pickup are instant, and both senders and recipients receive SMS or WhatsApp notifications when the transfer is sent and ready for recipients to collect at any of the 25 FINCA locations.

To find your nearest cash pickup location in Uganda, click here.

FINCA’s mission is to provide financial services to low-income entrepreneurs and small business owners to help them invest in their future. The company also offers financial literacy programmes to support clients with their small and medium businesses, budgets and investments.

According to the World Bank, the Ugandan diaspora sent home over $1.2 billion in 2017, accounting for 5% of the country's GDP. Remittances help thousands of Ugandan families pay for essential needs such as healthcare, bills and education. Recent research by WorldRemit found that 15,000 Ugandan children were likely to be in school as a result of receiving international remittances.

Ivan Kanyali, Country Manager for Uganda at WorldRemit, said: “FINCA is a natural partner for WorldRemit, as we share a common goal to offer accessible financial services to everyday Ugandans and foster financial inclusion.

“Uganda is our fourth largest market in Africa and is growing fast. The new partnership with FINCA further expands our cash pickup network in the country, connecting more recipients in urban and rural areas to our award-winning money transfer service.”

James Onyutta, Managing Director, FINCA Uganda Limited MDI, said “The addition of WorldRemit to our value proposition enhances not only our product and services range, but also supports our mission and vision of reaching out to more Ugandans through formal financial services. We are excited to re-commit our purpose to Ugandans and hope that many lives will be changed through WorldRemit and this partnership will enable us build Uganda’s future together.”

WorldRemit customers make 1.3 million transfers a month from over 50 countries to 145+ destinations worldwide. 80% of its transfers are made from a smartphone.

Visit the WorldRemit website for more information on how to send money to Uganda.

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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.