Earlier this year Shumba Money, a local remittance or money transfer startup, announced that it would be slashing fees for transactions to Zimbabwe. This wasn’t something out of the ordinary because we had seen something similar from Senditoo last year. However, Shumba Money is a relatively young player in the game and we were curious […]
The post Here’s why local money transfer firm Shumba Money slashed transaction fees appeared first on Techzim.

Here’s why local money transfer firm Shumba Money slashed transaction fees

EcoCash Holdings Zimbabwe’s banking division, Steward Bank, has announced that it has partnered with international money transfer or remittance services Senditoo and Thunes. The partnership is to further expand the bank’s footprint in the remittance space. As I am sure you are all aware, remittance figures have been at heights never before seen (US$1 billion […]
The post Steward Bank adds Senditoo & Thunes as money transfer partners appeared first on Techzim.

Steward Bank adds Senditoo & Thunes as money transfer partners

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Diaspora weeee this one is for you, send money for mahala to Zimbabwe!! Send at $0 transaction cost and on top of that your recipient receives $10 complimentary on your first transaction from us. Visit our website https://t.co/FniDworDt0 to send money today! #Zimbabwe pic.twitter.com/QVFnna48Xu
If you haven’t heard or used the service before, it operates or covers Australia, Botswana, Canada, and The United Kingdom. We reported on Shumba Money back in 2018 when the company was looking for Web Designers and Developers. The service is similar to many others out there on the recipient’s end. You can receive the money via bank transfer or cash pick up. Additionally, it says on Shumba Money’s website that they also facilitate mobile money deposits as well as cash deliveries. 2021 could be another record year for remittances
Shumba Money cutting fees for remittances is a big deal, judging by the US$1 billion that was sent to Zimbabwe in 2020. This was after there were projections that the pandemic would see a contraction in the amounts that were sent to sub-Saharan Africa from the diaspora. Promotions like this one, and the trend we saw from last year, could see the 2020 figure matched or even surpassed. It should be noted that Shumba Money is by no means the first remittance service in recent memory to cut fees for money sent to Zimbabwe. If you remember late last year, Senditoo said that it was removing transaction fees for the same corridor. And similar to Senditoo, Shumba Money has also sweetened the deal by offering a complimentary US$10 if you are a first time customer. The former did this too, but it was a US$10 referral reward for introducing others to the service. You should also check out

Shumba Money removes fees & adds US$10 bonus for funds sent to Zimbabwe

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One of the biggest things for any business these days is how many people know about it. This can be in passing by just simply remembering the name/logo or having a vague idea of what it does. This is vital because a business can expand its pool of potential customers and that’s what Senditoo is trying to do with its partnership with Star FM . As I am sure you are already aware, Star FM is one of the biggest radio stations in Zimbabwe. It has a wide and diverse audience because it caters for a number of needs. Chief among those needs is Zimbabweans’ love of news, stories, drama or as we say “kuda zvinhu”. Star FM achieved this through shows like Tilder Live, The Breeze with Mai Juda and the Breakout with Olla7. The first show, Tilder Live, is probably their most popular because it explores topics that are spoken of in hush tones in polite society. This makes it all the more alluring because something discussed on the show might have some bearing on your life but is something you can’t readily talk about. advertisement
So how does Senditoo fit into all of this? Well, Senditoo (as the title suggests) is going to be taking over those shows as part of the partnership with Star FM. As previously mentioned this will ensure the company, which started out in airtime and now is well on its way to establishing itself in remittance, is a Zim staple. “This new partnership with Star FM demonstrates our commitment to establishing a strong presence in Zimbabwe that goes beyond the existing business model”
Takwana Tyaranini, co-founder Senditoo
The Senditoo team is keen to work with respected radio personalities and producers. This relationship could also present opportunities for both Senditoo and StarFM to grow in ways they might have never imagined. “We have been working tirelessly behind the scenes to create a robust communications initiative that will not only allow Senditoo to reach a wider audience, but will also create opportunities for both entities to grow through this collaboration.”
StarFM
I don’t know about you but I am keen to see what these two have in store. share

Senditoo partners with Star FM to takeover Tilder Live & more

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The popular remittance service Senditoo has today announced that its customer can now collect their funds at CABS branches nationwide. Sahwira, CABS is live now 

Senditoo joins forces with CABS

94.7 Star FM is a radio station. It is based in Brandon, Canada.

94.7 Star FM

Well , Senditoo is going to be taking over those shows as part of the partnership with Star FM .

Angel

Senditoo allows users to send instant mobile phone top-ups to more than 140 countries, including Africa. Senditoo is directly connected to over 400 mobile operators worldwide with a reach of 4.5 billion prepaid phone users.

Name	Work History	Title	Status
Takwana Tyaranini		Founder	Current
Ibrahima SK Soumano		Founder, Chief Executive Officer	Former

Name	Takwana Tyaranini	Ibrahima SK Soumano
Work History
Title	Founder	Founder, Chief Executive Officer
Status	Current	Former

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