Spotlight MEA: Virtually buying goods and services for your loved ones in Zimbabwe by Richie Santosdiaz for The Fintech Times
Fintech

Sasai Remit and Qoki Zindlovukazi Enable Zimbabweans to Transfer Funds Safely and Securely

Sasai Remit, an African digital money transfer provider and a business of Cassava Technologies, a pan-African technology group, has announced a partnership with Qoki Zindlovukazi, a United Kingdom-based women’s networking and empowerment organisation. The partnership has enabled both organisations to empower thousands of Zimbabweans to use a safe and secure fintech platform to seamlessly transfer funds to family and friends in South Africa and Zimbabwe.

According to Darlington Mandivenga, Sasai Fintech CEO, “We want to introduce our convenient and inclusive transfer service to more users, and we are excited to partner with Qoki as an initiative that will help us realise this objective. This partnership is a testament to our continued commitment to bringing a safer and more accessible platform to people working across the world to send money back to their loved ones or invest in their home countries. As a business of Cassava Technologies, we always endeavour to ensure that our initiatives enable social mobility and the economic prosperity of individuals and businesses across the continent through increased access to the internet and technology”.

The partnership is expected to facilitate faster, simpler and secure cross-border payments for Qoki members when sending money and making payments to Zimbabwe or South Africa. It will also provide an effective and practical alternative to the traditional ways of managing remittances. Market analysts said the partnership between Qoki and Sasai Remit offers a much-needed solution to increase access to and use of remittances received by households for greater financial inclusion and investment opportunities. Statistics from the Reserve Bank of Zimbabwe show that diaspora remittances surged from about $1billion in 2020 to $1.4billion in 2021 as the country hit a record high foreign currency inflows of $9.7billion during the same period.

Sithule Tshuma, who founded Qoki to bring diaspora-based Zimbabwean women from Matabeleland and Midlands together and invest back home, said her organisation is honoured to partner with such an important and ambitious digital money transfer provider as Sasai Remit. “The partnership with Sasai Remit makes it easy for our members living in different countries abroad to send money to their families. They don’t have to wait for hours in the agency offices anymore because the mobile application makes the transfer instantly”.

Qoki held its inaugural business conference on 9 April 2022 in Birmingham, UK. Its primary aim was to inspire both emerging and experienced business people to explore new business investment opportunities. The day-long conference sponsored by Sasai Remit featured an exciting list of notable speakers who have made it in the business world.

Author

  • Francis is a journalist and our lead LatAm correspondent, with a BA in Classical Civilization, he has a specialist interest in North and South America.

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