World Remit Launches Direct Worldwide Money Transfer in Somalia


world remit

World Remit money transfer will now be accessible all over the world using Teleclm’s Zaan service mobile banking.

The manager, World Remit Country, Ms Suad Yusuf Odowa confirmed this saying that the amount that one could send ranged between USD 1- 2500.

“We are very pleased to announce that it is now possible for our clients in the various countries of the world to send $1-$2,500 directly from their homes, offices etc. to recipients in somaliland” Said Odowa

The manage believed that the new direct online money transfer service will be a direct method to users of the Telesom Company operated Zaad mobile money Service and shall be made through the HomeSend platform operated by Telesome company through its agreement with eServGlobal.

Suad Odowa further stated that her company was inspired into this venture after realizing that most recipients were based in rural areas and waste time in travelling to towns to collect remittance.

While the HomeSend service is available in over 100 countries thus 100 different currencies in Use the world Remit and Zaad Service have made arrangements for the ease of conversion of these diverse currencies at the standing rates of the day of transfer.

The Somaliland Zaad Service Mobile money Transfer (Gsm) service which is acknowledge as among the best in the world works similar with MPESA-Kenya, Gcash –Philippines, Smart-Philippines, Easy paisa –Pakistan,Eco Cash-Zimbabwe and Mtn-Ghana.

On its part the World Bank’s Global Financial Inclusion Database (Findex) which identified Somaliland as one of the most attractive mobile money markets with 26% of the population reported using mobiles to pay bills, which is the highest rate in the world, and 32% to send and receive money says that Most of this mobile money activity has been driven by Telesom ZAAD.