Malaicha.com is a new mobile app that Zimbabweans in South Africa (S.A) can use to buy groceries in (in S.A) for their family and friends back in Zimbabwean. Using a smartphone with the Malaicha.com app, Zimbabweans in S.A can shop and get the groceries delivered in Zimbabwe in just 24 hours. Malaicha.com partnered with Hellopaisa, […]
Arguably one of the most important sources of foreign currency has been remittances by those in the diaspora. When the economy tanked back in 2003, there was a surge in the number of people who left Zimbabwe looking for greener pastures. Those people often left their dependents back in Zimbabwe. Most send back money for […]
World Remit has finally come to South Africa, where it will help Zimbabwe’s largest diaspora to send money back to their loved ones in Zimbabwe. Before today World Remit only served the Zimbabwean Diaspora in countries like the UK, the US and other European Union countries. I think one of the reasons the remittance company […]
Living outside Zimbabwe but having family to support back home can be complicated sometimes, well at least I think so. It’s hard enough being away from those you love, to then have problems when sending money to family just adds to your anxiety. Before you even send the money there is the question of which […]
Zimbabwe recorded $387.9 million in diaspora inflows during the first 6 months of 2016, representing a 15% decline in remittances from the $457.8 million registered in the first half of 2015.
Remittances service Hello Paisa signs Jah Prayzah as African brand ambassador, offers his content via its app
Hello Group, the financial services outfit that owns the remittances operator Hello Paisa has signed on Zimbabwean music superstar and “Hello” hitmaker Jah Prayzah as its African brand ambassador for Hello Paisa.
Growing remittances emerge as Zimbabwe’s FDI alternative – total $830 million in 1st half of 2016, expected to reach $1,5 billion by year end
With dwindling foreign direct investment (FDI inflows fell by 23% between 2014 and 2015 from US$545 million to US$421 million), remittances are now the second largest form of capital inflows for Zimbabwe behind exports, emerging as Zimbabwe’s leading FDI alternative.
Mama Money becomes latest remittance service to tap into mobile effectiveness with Telecash partnership
This means recipients in Zimbabwe have the option to get their remittances sent straight to their Telecash mobile money wallet, something that widens Mama Money’s payout network which has already gained a national presence through a strategic relationship with CABS and its Textacash service.
According to Nadir Khamissa the Hello Group CEO, in the past 6 months, Hello Paisa has grown by 500% and so far it has registered over 70,000 sign ups who use the service to send money from South Africa to Bangladesh, India, Kenya, Malawi, Nigeria, Pakistan and Zimbabwe.
Hello Paisa, the remittance service that caters for South Africa to Zimbabwe remittances has launched a three-month promotion offering a free transfer of money.
Despite the service’s huge potential Telecash has been rather quiet about the service without any major promotion for it – Until recently when it sent out SMSes encouraging people to receive money through Hello Paisa for collection from Telecash agents.