WorldRemit and Orabank partner for online money transfers to Senegal

WorldRemit customers in over 50 countries can now send money instantly to 10 new cash pickup locations in Senegal London and Dakar, 18 June 2019 -- Leading online money transfer service WorldRemit has joined forces with Orabank to enable instant money transfers to 10 new cash pickup locations in Senegal. To find your nearest cash pickup location in Senegal, click here. WorldRemit saves customers time and money as they do not have to pay expensive fees at a money transfer agent to send money home. The company offers a variety of convenient ways to send money to Senegal including bank transfer, instant cash pick-up and mobile airtime top-up. The new partnership with Orabank expands WorldRemit’s footprint in Senegal, taking its total number of cash pickup locations in the country to 3,900. Orabank offers individuals and businesses a range of convenient financial services, including savings, credit and money transfer. The bank serves 30,000 clients at its 10 agents and 112 sub-agents across Senegal. The World Bank estimates that Senegal received over $2.2 billion in remittances in 2018, representing over 9% of its GDP. WorldRemit transfers to the country increased by over 200% between 2017 and 2018. Andrew Stewart, Managing Director for Middle East and Africa at WorldRemit, said: “We are delighted to partner with Orabank, a trusted financial institution in Senegal, to add several new cash pickup locations to our network in the country. “Nearly 60% of the Senegalese population remain unbanked. Our cash pickup service with Orabank enables remittance recipients with or without a bank account to collect funds from abroad instantly. We also send notifications to both senders and receivers when a transfer has been sent and the cash has been collected so you can stay connected at every stage of the money transfer journey.” Luc Morio, MD at Orabank Senegal, said: “We are very excited to work with WorldRemit, one of the most innovative players in the remittance sector. This partnership will help us diversify our offer and better serve our customers. The future of remittances is digital and we are convinced that partnerships between banks and fintechs are the best way forward to keep delivering the best quality of service.”

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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.