Rapid Communications has partnered the Aftab Currency Exchange in the United Kingdom (UK) and the Al Ghurair Exchange in the United Arabs Emirates (UAE) to launch its ‘Cash to Account’ remittance service, offering another alternative to Africans in the diaspora sending money home.
The service is aimed at enabling Africans in the diaspora remit money directly to their loved ones’ bank accounts in Kenya, Uganda, Senegal, Mali, Benin, Togo, Niger, Burkina Faso, Guinea Bissau, Ivory Coast and China.
The senders will be required to visit the agent’s outlets in the UK and UAE and provide the branch and account number of the recipients, their full names as they appear at the bank, telephone number and the country. Rapid Communications’ Customer Service department will then contact the beneficiaries and inform them once the money is credited in the bank account as well as provide the details of the sender.
“The service enables Africans in the diaspora to send money directly from the agents in the UAE and UK to the beneficiary’s bank account. All you need to do is to remit money from an authorised agent for it to be received in a specified beneficiary’s bank account in the preferred country,’’ said Rapid Communications chief executive officer (CEO) Anwar Hussein.
Hussein said the many Africans living in the diaspora, especially in the UK and UAE, felt the need for a link to enable them to send cash back home, with agents in the UK and UAE to adhere to strict Anti-Money Laundry (AML) and Know Your Customer (KYC) guidelines that govern the flow of cash across the globe.
The service also provides a safe and convenient way of paying bills such as house rent and school fees directly to the landlord’s account or school account.
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