Editorial: CBZ Partners Western Union in Domestic remittances and Outbound remittances

[Bulls n Bears]

 <https://www.facebook.com/Hyundaizimbabwe/> 

 

Harare-CBZ Bank is proud to announce the launch of a new partnership with
Western Union to offer two more remittance services.  The two remittance
services under the CBZ Western Union Money Transfer Agency (MTA) partnership
are Domestic and Outbound remittances. These two are an addition to the
current inbound remittances which facilitated the payment of United States
Dollars to Zimbabweans receiving funds from abroad.

 

With the launch of Domestic Remittances, customers can now send and receive
foreign currency within Zimbabwe. Customers will be able to send and receive
funds via any registered Western Union agent in Zimbabwe.  Customers can
send money using CBZ that can be redeemed at another Western Union agent
which is not CBZ and vice versa.  

 

The Bank also introduced Outbound Remittances which allow customers to send
foreign currency to recipients outside Zimbabwe. The daily send money limit
per transaction is USD $500 per day per individual as stipulated in the
Reserve Bank of Zimbabwe (RBZ) Statutory Instrument (SI) 104 OF 2015.

These exciting services are open to both CBZ and non CBZ customers and the
recipients will receive United States Dollars in cash. CBZ Bank is also
taking advantage of its wide branch footprint in the country hence senders
of money are assured that their recipients will receive their hard currency
without any hassles.

CBZ Bank is also in partnership with other leading international brands
across the world to facilitate the receiving and paying out of in-bound
diaspora remittances. To date the bank has partnered Western Union, World
Remit, MoneyGram, Mukuru, Hello Paisa and Express Links Money transfers. 

The Bank also opened Money Transfer Centres (MTCs) in Harare and Bulawayo
for added convenience. The MTCs are dedicated to serve customers. These
centres enable people to collect and or send their money much faster than
any other banks.

These efforts of providing full remittance services by CBZ Bank are being
driven by the realisation that remittances are a key source of foreign
currency for the nation and Zimbabwe is one of the leading recipients of
remittances in Africa.

 

 

Invest Wisely!

 

Bulls n Bears 

 

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