Diamond Trust Bank partners with WorldRemit for digital money transfers to Uganda
Leading digital money transfer service WorldRemit has partnered with Diamond Trust Bank (U) LTD (DTB) for digital money transfers to Uganda.
Using the WorldRemit app or website, Ugandans living in over 50 countries can now send money home to their loved ones for collection at 37 new cash pickup locations across Uganda.
WorldRemit saves customers time and money, enabling them to send vital funds home in a few taps from their phones without having to visit a bricks and mortar agent. Customers sending to Uganda can choose from a variety of convenient payout options including bank transfer, cash pickup, mobile money and airtime top-up.
Diamond Trust Bank is one of the leading commercial banks in Uganda. It has a strong regional presence in East Africa with over 100 network locations.
Remittances play an important role in Uganda’s economy. According to the World Bank, the two million strong diaspora community sent home over $1.3 billion in 2017, accounting for approximately 5% of the country's GDP.
Ivan Kanyali, Country Manager for Uganda at WorldRemit, said:
“We are delighted to be expanding our partnership with DTB across East Africa, after launching bank transfer and cash pickup services to Kenya with the bank last year. Uganda is now our fourth largest receive market in Africa and is growing at over 35% year-on-year. Our partnership with DTB adds several new cash pickup locations across urban and rural areas of Uganda to our network, making it even easier for recipients to receive money from abroad.”
Mr. Varghese Thambi, Chief Executive Officer at Diamond Trust Bank, commented:
“You can now receive money from over 50 countries worldwide with WorldRemit, and our partnership sets DTB apart as a centre of excellence for money transfers services to Uganda. Our branches are a one stop centre where you can manage all your financial transactions. Our working hours at several branches, from 8am to 8pm even on Sundays, also enhance our customers’ ability to access their money.”
WorldRemit customers make 1.3 million transfers a month from over 50 countries to 145+ destinations worldwide.