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As we approach the festive season, many people especially in the diaspora are thinking on how they can easily and cheaply send money back home especially to mobile wallets, well the solution is WorldRemit.
WorldRemit is a global online money company that provides pay-out options to customers sending money to Uganda and other parts of the world.
WorldRemit customers are able to send money to anywhere in Uganda using cash pickup from authorised forex bureaus, bank deposit, airtime top-up and Mobile Money.
WorldRemit services are instant and one doesn’t require one to wait for days to receive the money.
Uganda is one of Africa’s top recipients of remittances. According to the World Bank, $733 million of remittance payments were sent to Uganda through formal channels in 2012, amounting to 3.7 per cent of the country’s GDP.
With one of the highest mobile phone penetrations in Africa, Uganda has seen rapid growth of mobile money transfers and airtime top-up.
Currently, 35 per cent of World Remit’s transactions to Uganda are going in form of Mobile Money and it’s projected that by the end of this year, this figure to reach up to 80%.
Source: TheInsider
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