Money transfer services

  • Markets

    3 easy steps to transfer money internationally

    How international money transfers work When sending money internationally from South Africa using platforms like Sikhona, the transaction does not go via banks and does not use the SWIFT system, which is utilized by conventional financial institutions. Money is moved between account holders by utilizing third-party money transfer providers, each of which has their own communication infrastructure. This allows the…

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  • Business Briefs

    BancABC launches local money transfer service

    Pan African banking group BancABC Zimbabwe has launched the City Hopper Service, a smart local remittance service which allows customers to send foreign currency between cities throughout Zimbabwe instantly. Speaking at the launch , BancABC chief executive Lance Mambondiani said the City Hopper is meant to address the nationwide challenge of sending foreign currency across the country for the wider…

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