CRDBforge partnership with world’s leading remittances firm,WorldRemit

08Dec 2021
By Guardian Reporter
Dar es Salaam
The Guardian
CRDBforge partnership with world’s leading remittances firm,WorldRemit

CUSTOMERS of CRDB Bank Plc can now send and received money to 50 countries globally thanks to a partnership which the lender has agreed with WorldRemit.

CRDB Bank Plc’s director of retail banking, Boma Raballa announcing a partnership with WorldRemit in Dar es Salaam yesterday. Right is WorldRemit Tanzania director, Cythia Ponera and CRDB’s senior manager for alternative channels, Mangire Kibanda.

Speaking in Dar es Salaam yesterday when announcing the partnership with WorldRemit that, CRDB’s Director of Retail Banking, Boma Raballa said Tanzanians in the Diaspora can also send money to friends and relatives who are accounts holders of the bank.

“This deal also allows Tanzanians living abroad who want to send money to their friends and relatives digitally through CRDB Bank’s accounts,” Raballa said adding that local recipients can get cash from 260 branches of the bank in the country.

He said the Dar es Salaam based lender understands the importance of remittances being made Diaspora Tanzanians hence the decision to partner with one of the world’s leading digital money transfer firms in WorldRemit.

“We have millions of Tanzanians who are living abroad that will now use CRDB’s vast network of 260 branches and over 20,000 agents countrywide,” he added saying because WorldRemit is a digital platform money transfer firm, transactions are fast and in real time.

In remarks at the event, WorldRemit Tanzania Director who is also in-charge of East Africa Region, Cynthia Ponera commended the deal with CRDB saying it customers should expect real time cash transfers from anywhere in the world.

“This agreement is also aimed at fostering financial inclusion because with the wide network of CRDB branches and agents, WorldRemit will leverage its global network presence to make transactions easier and affordable,” Ponera said while noting that the company has presence in more than 50 countries.

WorldRemit’s Europe Middle East and Africa Director, Sharon Kinyanjui said Tanzania is the third most important market in East Africa in terms of volumes of transactions made hence the deal with CRDB will grow the business to new heights.

“This agreement allows Tanzanians to send and receive money from anywhere in the world at real time which will not only ease customer transactions but also lower costs basing on economies of scale,” Kinyanjui said.

According to Bank of Tanzania reports, Tanzanians living in the Diaspora remitted home over U$189.13 million last year which was a more than 25 percent increase compared to 2019. Last year’s figures were however affected by the novel coronavirus outbreak.