ICT Africa Headline News

Rapid Communication and Partners Launch "Cash-to-Account' Service for Africa's Diaspora

12 August, 2014

Source: CIO East Africa

Rapid Communication has partnered with UK's Aftab Currency Exchange and UAE's Al Ghurair Exchange to launch 'Cash to Account' remittance service aimed at enabling Africans in the diaspora remit money directly to recipients' bank accounts in Kenya, Uganda, Senegal, Mali, Benin, Togo, Niger, Burkina Faso, Guinea Bissau, Ivory Coast and China.

The senders will be required to visit the agent's outlets in the UK and UAE and provide the branch and account number of the recipients, their full names as they appear at the bank, telephone number and the country. Rapid Communications' Customer Service department will contact the beneficiaries and informing them once the money is credited in the bank account as well as provide the details of the sender.

"The service enables Africans in the diaspora to send money directly from the agents in the UAE and UK to the beneficiary's bank account. All you need to do is to remit money from an authorized agent for it to be received in a specified beneficiary's bank account in the preferred country," said Anwar Hussein, CEO, Rapid Communication.

Hussein took note of the many Africans living in the diaspora especially in UK and UAE and saw a need to provide a link to enable them send cash back home adding that the agents in the UK and UAE adhere to strict Anti-Money Laundry (AML) and Know Your Customer (KYC) guidelines that govern the flow of cash across the globe.

He assured high security measures to those intending to use this service adding that all the systems have been safe guarded by the Partners in the UK and UAE.

The service also provides a safe and convenient way of utilities and paying bills such as house rent and school fees directly to the landlord's account or school account. This is a convenient way of Africans in the diaspora to pay their bills on time without having to go through numerous channels.

The service will soon be expanded in other countries.

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