BUSINESS REPORTER
Africa’s leading digital money transfer provider, Sasai Remit, has partnered with Qoki Zindlovukazi for a faster and secure cross border payment channel from the United Kingdom to Zimbabwe and South Africa.
Sasai Fintech CEO Darlington Mandivenga, Sasai said the company wants to introduce “our convenient and inclusive transfer service to more users” and hence the partnership with Qoki.
“This partnership is a testament to our continued commitment to bringing a safer and more accessible platform to people working across the world to send money back to their loved ones or invest in their home countries. As a business of Cassava Technologies, we always endeavour to ensure that our initiatives enable social mobility and the economic prosperity of individuals and businesses across the continent through increased access to the internet and technology,” Mandivenga said.
The partnership is expected to facilitate faster, simpler and secure cross-border payments for Qoki members when sending money and making payments to Zimbabwe or South Africa.
It will also provide an effective and practical alternative to the traditional ways of managing remittances.
Market analysts said the partnership between Qoki and Sasai Remit offers a much-needed solution to increase access to and use of remittances received by households for greater financial inclusion and investment opportunities.
Statistics from the Reserve Bank of Zimbabwe show that diaspora remittances surged to US$1.4bn last year from US$1bn in 2020.
Sithule Tshuma, who founded Qoki to bring diaspora-based Zimbabwean women from Matabeleland and Midlands together and invest back home, said her organisation is honoured to partner with such an important and ambitious digital money transfer provider as Sasai Remit.
“The partnership with Sasai Remit makes it easy for our members living in different countries abroad to send money to their families. They don’t have to wait for hours in the agency offices anymore because the mobile application makes the transfer instantly,” Tshuma said.
Qoki Zindlovukazi was formed in 2016 and boasts over 10,000 members scattered across the world. It has invested over US$8m into various sectors of the Zimbabwean economy since 2017.
Sasai Remit is a subsidiary of Sasai Fintech, a business of Cassava Technologies, a leading pan-African technology group licensed in the UK and South Africa, allowing migrants to remit to Africa and the rest of the world.
