African money transfer firms thrive as pandemic spurs online remittances


Takawira uses the Mukuru remittance app which enables him to send money and groceries home to family in Zimbabwe from his home in Pinetown, South Africa. — Reuters

JOHANNESBURG/HARARE: Having fled an economic implosion in his native Zimbabwe, Brighton Takawira was able to support his mother back home with modest earnings from a small perfume business he set up in South Africa.

Then the pandemic struck. Borders closed. The buses he had used to send his cash stopped running.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Trump media shares gain as it alerts Nasdaq of 'potential market manipulation'
Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say
Dutch privacy watchdog recommends government organisations stop using Facebook
Nigerian court adjourns Binance and executives' tax evasion trial to May 17
Pornhub, XVideos, Stripchat face strict EU rules, Commission says
India's Wipro scrapes past lowered revenue expectations, prioritises growth pick-up
Japanese doctors demand damages from Google over ‘groundless’ reviews
Meta releases beefed-up AI models
Netflix slides as move to end sharing user count sparks growth worries
Explainer-Bitcoin's 'halving': what is it and does it matter?

Others Also Read