Large and small sums of money have been transferred using WorldRemit, a world-class money transfer service. From mobile to mobile, people have had an easy transfer of money to friends, relatives, wage payments and even payment for Air BnB services.
WorldRemit slashes its costs effective today in response to the COVID-19 pandemic. All WorldRemit customers, regardless of the kind of transaction, shall be charged a flat fee of $0.99, which is approximately UGX 3,724.38.
Previously, the transfers were slightly costly, but now with the advent of the Corona pandemic, World Remit wishes to extend a cutback in the transaction fees, to make transactions cheaper and encourage people to make mobile transactions more, as a way to caution themselves on social distancing, a thing that all humans should practice much more now than they ever have.
For the record, WorldRemit handles over 74% remittances to mobile money services. It is in partnership with a thread of local mobile money transfer services in different African countries, some of which include;
- MTN
- EcoCash
- Airtel Money
- M-Pesa
- Tigo Pesa
Previously,
On sending UGX 376,200 ($100), WorldRemit has been charging UGX 7,486.38 ($1.99)
For sending UGX 752,400 ($200), there was a charge of UGX 11,248.38 ($2.99)
And finally, on sending UGX 3,762,000 ($1000), there was a charge of UGX 22,534.38 ($5.99)
Contents
How to transfer money with WorldRemit
- Download the WorldRemit app from App Store or Google Playstore, or Register for free on the WorldRemit Website.
- Make sure you have all the details of the person you’re sending money to.
- Select the country you want to transfer to and click on the transfer method you wish to use. Note that transfer details vary by country
- Then choose the amount you wish to transfer
- Add your recipient’s details or choose from a list of people you might have transferred money to before
- You can then pay for your transfer
About WorldRemit
WorldRemit is an online, 100% cashless International money transfer service that allows people to easily do mobile-to-mobile remittances across the globe. It was founded in 2010, and by 2018, it had registered over 3 million users.
Options offered by WorldRemit when transacting money
- Bank transfer
- Mobile money
- Mobile airtime top-up
- Cash pickup
- E-Wallet
- Card (Debit, Credit or Prepaid)
NB: Your first transfer is free.
What you need to make a transfer with WorldRemit
- Identification (photo ID and proof of address)
- Details of the person you’re paying (in case of a bank transfer, have their Account name, Account number and identifying number for their bank)
- Know how you want to pay for the transfer (WorldRemit accepts both credit and debit cards)
Conclusion
As WorldRemit slashes its costs, we hope other international money transfer companies will do the same. This is all to ensure that everyone makes it out of this season with help and support from friends and family.
Source: Business Daily