WorldRemit, dfcu Bank partnership streamlines Ugandan money transfers

• WorldRemit launches partnership with dfcu Bank in Uganda to provide international money transfer service

• The partnership enables the widespread Ugandan diaspora to send remittances through dfcu Bank’s nationwide network of branches

• WorldRemit customers are now able to collect funds in the form of cash pickup at over 50 dfcu Bank branches across Uganda, making it easy for families and loved ones to access remittances across the country

Kampala, Uganda – 17 February 2022 – WorldRemit, a leading global payments company, and dfcu Bank, a leading financial services and banking institution in Uganda, today announced a partnership that makes it easier and faster for Ugandan nationals to process online money transfers.

WorldRemit customers are now able to collect funds in the form of cash pickup at 56 dfcu Bank branches across Uganda, making it easy for families and loved ones to access remittances across the country. As of February 2022, customers will also be able to collect remittances in the form of bank transfers.

Ivan Kanyali, Uganda Country Manager at WorldRemit, re-emphasised the company’s ambition to streamline digital cross-border payments. He said: “This new partnership with dfcu Bank once again confirms WorldRemit’s continued drive to expand its partnership base to make it easier and more accessible for people working globally to send money to their loved ones back home. In particular, it will be a welcomed service especially with the opening of the economy, as it will facilitate faster and simpler payments for those doing business and paying school fees. 

“Our money transfer and fund access initiatives pave a smoother road for those who need to manage their finances and remittances between different countries. Launching a partnership with dfcu Bank enables Ugandans working in countries like the United Kingdom, Australia, Canada, and the United States to safely, conveniently, and quickly process their remittances via bank transfers”. 

This unique partnership will provide an effective, secure, and practical alternative to the traditional ways of managing remittances and remitting much-needed funds back home to Uganda.

Speaking at the announcement event on 17th February 2022, Mathias Katamba, CEO of dfcu Bank, noted that while the impact of the COVID-19 pandemic on both the global and Ugandan economies cannot be denied, remittance flows still provide crucial support to many families. In fact, Uganda still ranks among Sub-Saharan Africa’s top 10 recipient countries.

“The partnership between dfcu Bank and WorldRemit offers a much-needed solution, which has the potential to increase access to and use of remittances received by households for greater financial inclusion and investment opportunities.

“dfcu Bank is committed to providing services that will give our customers and the rest of the country the necessary support to revive both their personal lives and businesses,” he concluded.

The beginning of the year  is a popular time for the Ugandan diaspora to send remittances back home to their families and loved ones. This money enables them to be more financially equipped for the university and academic school year starting in January. With the disruptions caused by the coronavirus pandemic, remittances bring relief to Ugandans in uncertain times.

WorldRemit is pleased to add yet another banking partner to its ever-expanding network, with dfcu Bank becoming the third financial institution to partner with WorldRemit in Uganda. The dfcu Bank collaboration is another step in its continuous quest to improve international digital money transfers for the Ugandan diaspora.

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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.