World money transfer service provider, WorldRemit has confirmed that it is not closing business in Uganda.
WorldRemit clarified that they will not be facilitating money transfers sent from Uganda starting June 6th but customers in the country receiving funds won’t be affected by the decision.
Customers will continue to receive funds via the WorldRemit service without disruption.
The full statement from WorldRemit;
As of 6th June, WorldRemit will not be facilitating any new transactions sent from Uganda. Customers receiving funds in Uganda are not affected by this decision and will be able to continue to receive funds via the WorldRemit service without disruption.
It is our continued goal to ensure we are offering the greatest value for our customers around the world, and to do so, we occasionally have to make difficult decisions that impact a small number of customers. We have therefore decided to no longer support money transfers from Uganda to keep costs for our global customer base, including for people receiving money in Uganda, as low as possible.
Any transactions made before 6th June will be processed as normal, and users will continue to receive SMS and email updates. All users can continue to access past transactions and recipient information, by logging into their account on the WorldRemit website.
WorldRemit is a leading global payments company and, along with Sendwave, part of Zepz, a group powering two global payments brands. We disrupted an industry previously dominated by offline legacy players by taking international money transfers online – making them safer, faster and lower cost. We currently send from 50 countries to recipients in 130 companies and operate in more than 5,000 money transfer corridors worldwide.
We look forward to continuing on our path towards long term growth ambitions and best serving our customers around the world.