Sasai Remit, one of Africa’s leading digital money transfer providers and a business of Cassava Technologies, a leading pan-African technology group, has announced a partnership with Qoki Zindlovukazi, a United Kingdom-based women’s networking and empowerment organization. The partnership has enabled both organizations to empower thousands of Zimbabweans to use a safe and secure FinTech platform to seamlessly transfer funds to family and friends in South Africa and Zimbabwe.
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 from about $1 billion in 2020 to $1.4 billion in 2021 as the country hit a record high foreign currency inflow of $9.7 billion during the same period.