Entrepreneurs to Receive Funds From the UK in Hours via New WorldRemit for Business

WorldRemit, an international company, launched its services in Kenya in a bid to help SMEs, Kenyan entrepreneurs, and contractors to receive and make payments from the UK with ease.

WorldRemit which has its services in Ghana, South Africa, and over 150 other countries across the globe, will see its new service dubbed WorldRemit for Business helps registered businesses get payments within 24 hours from the UK.

The service makes it easy and faster for Kenyan entrepreneurs and contractors with clients in the UK receive funds within 24 hours while Entrepreneurs receive theirs via bank account, mobile money, or cash pick-up.

The Founder and Executive Chairman at WorldRemit, Ismail Ahmed explained the reason why he started the company saying “When I first started WorldRemit, I was frustrated with the high charges and long delays in sending money abroad both as a business owner and consumer.

Over the past nine years, we’ve made it easier for 4 million people around the globe to send and receive money. Today, we’re pleased to extend that service offering to businesses and put an end to the steep fees that many pays, especially when sending to Kenya.

We’re committed to making it quick, safe, and easy for you to pay individuals across borders, leaving you to focus on growing your own business.”

Speaking about the same, Shane Lennox, Senior Product Manager for Business, said, “With more people moving and settling across borders, the nature of business is becoming increasingly global.

This new product offering is catering to those in need of a digital service that solves several pain points faced by SMEs with international staff and contractors. This new product launch will enable millions of SMEs to benefit from our convenient award-winning service.”

The services are accessible via the company’s website or App. Currently, the company records over 1.4 million transfers monthly from over 50 countries to 150 destinations. Some of the corporates the company intends to partner with include Safaricom, Gulf African Bank, NIC Bank, National Bank, and Co-op Bank in so to extend its reach. 

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