Mukuru has become the most familiar service provider for most Zimbabweans. The South African based company has now established its presence in Kenya, Botswana,Malawi and Zimbabwe through mobile money remittances. In Zimbabwe Mukuru has gone on to partner with Telecel for one of its services.
The transaction is powered by USSD or carried out through the Mukuru Mobile App for the sender, with the recipient picking up their cash at any of the 3 branches of the SMH Botswana Bureau de Change.
Mukuru has solved the challenge that existed which is moving funds between 2 Southern countries.
Judging form the service providers that have carved out a space in this corridor (ABSA, FNB, Standard)there are regular markets handled here and the market is fairly big.
MoneyGram and Western Union are already in the mix as well. These two offer the same services as Mukuru and has presented a fastyer delivery of money as their value proposition.
Moving
money between any two countries is pricey business. The commissions for
such services have always been steep, which explains why everyone from
traditional banks to remittances services and lately, mobile networks
are all out to get a slice of that cake. - See more at:
http://www.techzim.co.zw/2015/03/mukuru-takes-on-sa-to-botswana-remittances-will-need-mobile-phone-advantage/?utm_content=buffer9dfbf&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer#sthash.0tenrQOk.dpuf
Moving
money between any two countries is pricey business. The commissions for
such services have always been steep, which explains why everyone from
traditional banks to remittances services and lately, mobile networks
are all out to get a slice of that cake. - See more at:
http://www.techzim.co.zw/2015/03/mukuru-takes-on-sa-to-botswana-remittances-will-need-mobile-phone-advantage/?utm_content=buffer9dfbf&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer#sthash.0tenrQOk.dpuf
No comments:
Post a Comment