The money transfer service will empower Somalis at home and abroad
Juba Express, one of the fastest growing money transfer services and WorldRemit, a leading global payments company are connecting to provide Somalis with the opportunity to receive money from family and friends in 40+countries around the globe including the United Kingdom, United States, Australia, New Zealand, Canada and Europe.
Read More: German Peer-to-peer Lender auxmoney Raises €150 Million
According to the World Bank, an estimated $1.4 billion in remittances is sent to Somalia every year by approximately 2 million Somalis in the diaspora. The inflow contributes to 24% of Somalia’s gross domestic product which is a vital life-line for many Somalis who rely on the support for their basic needs such as food, shelter, education, health services, and to sustain their small businesses.
Read More: GlobalFintechSeries Interview with Gerard Griffin, CEO at AnyDay
“We are happy to be able to provide this great opportunity for Somalis. WithJuba Express and WorldRemit working together, customers are able to experience a safe, fast and competitively priced money transfer experience.” said Ali Rashid, Business Development Manager, Juba Express.
“Somalis can remit home with ease and know that they are helping their families and friends to create new opportunities in all that is important to each family member, said Ahmed Tani, Country Manager Somalia, WorldRemit. Additionally, this will accelerate the digital growth in remittances.”
