Access Forex UK
Written by Access ForexJune 9, 2021

Access Forex treats UK clients to a free breakfast to celebrate easier sending platform.

Access Forex UK
Access Forex treats UK clients to a free breakfast to celebrate easier sending platform.

As the UK gets ready to lift lockdown restrictions later this month, homegrown and run international money transfer company, Access Forex is preparing to deliver over 50,000 loaves of bread to the families of its large UK client base as it promotes usage of its easier new platform.

 

Starting this week, any new client who registers and sends money to Zimbabwe using the accessforex.com remittance platform will immediately receive 10 loaves of bread with the transaction. The company says the bread for breakfast will be delivered right to the doorstep of the receiver of the funds. Existing clients will receive free points worth up to £10 in the loyalty program that will be introduced at the same time.

 

This campaign will be run off an entirely new digital platform that the fintech launched this month. The new system is as close to zero KYC as any money transfer company has gotten with no need for an ID or address if you are sending £500 per transaction, £1,000 per month or £12,000 per annum. On most other money sending systems, remitters need to enter their information before making a transfer which leaves some sceptical about data protection. Access Forex says their new system is more secure and confidential information is only required when you are ready to make a transfer. You can calculate the rates and window-shop anonymously. “We are not worried about customers window-shopping and comparing prices because we are the cheapest and we actually encourage the comparison. Customers will see for themselves that when they add everything up, Access Forex offers the cheapest service to send money to Zimbabwe from the UK. You send more, for less”, explained Head of Sales & Marketing for Access Forex, Shingai Koti.

 

“Winter is traditionally also a very difficult time for many families in Zimbabwe and with this campaign we wanted to reward the people that look after their families from abroad” said Koti. “Some of our customers in the UK send money to supplement consumption and help with basic groceries. However, the UK lockdown has negatively affected income for many Zimbabweans working there, so we began to think about how we could help ease the burden of taking care of their families back home. The only way to ease the burden is to share it, so breakfast is on Access Forex this June,” explained Koti. 

Zimbabwe-focused money transfer firms have seen a boom despite predictions from the World Bank of a historic 20% drop to $445 billion in remittances to poorer countries this year due to the pandemic-induced economic slump worldwide.

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Written by Access AdminOctober 25, 2020

Zimbabwe’s financially excluded find a home

Zimbabwe’s financially excluded find a home

Previously marginalized informal players in Zimbabwe are finally feeling a glimmer of hope at the prospect of financial inclusion.

Small to Medium Entrepreneurs (SMEs) have expressed optimism that the exclusion gap could soon become a thing of the past as Access Forex, a local remittances firm, has placed its hands-on deck playing its part in driving the financial inclusion agenda.

This drive is aimed at achieving the United Nations’ global Sustainable Development Goals (SDGs) 2030, specifically SDG 8 and 10 which seek to promote sustained, inclusive, and sustainable economic growth while reducing inequalities.

Financial exclusion has been dominant in third world countries as self-sustained entrepreneurs in the informal sector have faced challenges around finding robust financial solutions without exclusionary checklists.

To worsen the already existing problem, the global pandemic, Covid-19, has plunged the world into an economic crisis that, unfortunately, did not spare the informal market that has traditionally relied on informal channels to transact.

Worryingly, the global scourge was worsened by an extensive carnage on the job market bleeding economic and social spheres.

Being in the remittances business, Access Forex strives to identify with the struggles that were birthed by financial marginalization and has prioritized responding to the call to make the crisis lighter especially on hardworking migrants, local SMEs and the remittances beneficiaries.

Violet Mutemachani, a 42-year-old Mbare-based entrepreneur who operates from Siyaso Market could not hide her joy as she narrated how her business has found a home with Access Forex.

Mutemachani gets raw materials from suppliers in Mutare, a city 263 kilometers outside Zimbabwe’s capital, and uses the metal to make various essentials that range from baking tins, watering kettles, bathing basins and others.

“We have really struggled to send and receive money. Lately cash has been scarce, and, in some instances, we have been forced to send money with bus drivers. It was slow and involved a lot of risks,” Mutemachani said.

She also explained that informal channels of sending money were unpredictable.

“Sometimes the bus drivers would hike the sending fee when they got to the receiver and this was unsustainable for business. The other time a driver lied to me that the money had been lost and I lost my entire capital,” she said.

Bolden Mbeve Bizariero (29), who also operates from the same area as Mutemachani said the emergence of new players like Access Forex in the remittances play had significantly eased the burden of sending money across the country.

“Since I started using Access Forex, life for me has been simpler. The convenience that comes with knowing that I can send money instantly to my foreman in Bulawayo for him to receive the cash instantly has been unmatched,” Bizariero said.

Access Forex has a mandate to deliver solutions to Zimbabwe’s unbanked populace.

Already, the firm offers cash transfer services, a product driven by market demands.

Priority to serve has also been given to Zimbabweans living the Diaspora, especially those living in the United Kingdom and South Africa for them to send money back home at affordable rates.

Financial inclusion is indeed everyone’s responsibility and it is also complimenting the Government and United Nation’s efforts through sustainable development goals.

Research shows that countries pushing the financial inclusion agenda — which encompasses access to affordable, appropriate financial services — have achieved stronger GDP growth rates and lower income inequality.

For Access Forex, driving financial inclusion goes beyond the bottom line, its aim is to focus on ushering economic empowerment, equality, and access to financial products regardless of gender, social status, or race.

Authors: Mildret Kujinga, Ndakaziva Majaka

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Written by Access AdminSeptember 28, 2020

Access Forex Expands Domestic Footprint

HARARE, SEPTEMBER 21, 2020 – Remittances transfer firm, Access Forex, says it is looking at expanding its domestic remittances footprint to cover the whole country by year-end.
Mildred Kujinga Access Forex’s Business Development Manager said that the firm – which is already offering cross-border remittances for the Zimbabwe – South Africa corridor as well as the Zimbabwe – United Kingdom corridor – was moving to drive the central bank’s financial inclusion drive by targeting the financially marginalized.
“Access Forex has been aggressively growing the cross-border remittances targeting Zimbabweans in the Diaspora. We launched domestic remittances three months ago and have been expanding the domestic remittances market to take care of the receiver of the last mile,” she said.
Kujinga pointed out that this product was aimed at bringing seamless currency flow in the country in the wake of cash shortages.
“Through this product, Zimbabweans can send money to any part of Zimbabwe. This is not virtual money but hard cash that will find its way to the most remote parts of Zimbabwe bringing convenience to the country’s marginalized.
“We have deliberately partnered with players who will make it easy for Zimbabweans from all walks of life anywhere to access hard cash. We believe that this solution will save our customers the financial inconvenience of traveling to cities in search of cash,” Kujinga said.
Some of Access Forex’s partners include ProFeeds, Quest Financial, Jet Stores, MyCash and various others to make up a comprehensive network of convenience.
“We will have consistent service delivery at the lowest charges. Market response has generally been optimistic because clients from as far as the United Kingdom are now able to send money home to the very last leg.
“What drove us to launch this product is the fact that we discovered getting cash to remote parts of the country was a hustle as we were working on our ‘Feed a Million Campaign’ a programme where we are giving back to the community,” she said.
The Access Forex Business Development boss said the firm was looking at covering Zimbabwe’s 210 districts through strategic partnerships by close of 2020.

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Written by Access AdminSeptember 1, 2020

Access Forex Brings Zimbabweans in the UK and SA Closer to Home

Access Forex Brings Zimbabweans in the UK and SA Closer to Home

The Access Forex Remittance platform allows Zimbabweans abroad to send money home to loved ones seamlessly, quickly, and securely. Through Access Forex, recipients in Zimbabwe can collect funds sent conveniently, through a growing network of partners. Access Forex guarantees its customers payouts in USD cash, as well as a pleasant and smooth experience with excellent customer service and no queues.

Access Forex has 3 registered agents in Zimbabwe: MyCash Financial Services, Quest Financial Services, and Access Finance Bureau De Change. MyCash Financial Services is a payment service provider that also offers remittance services to customers. MyCash services are available at 47 TM PicknPay branches across Zimbabwe, collecting money sent from the UK or South Africa is swift and user-friendly.

Quest Financial Services was first licensed as an Authorised Dealer with Limited Authority (ADLA) in 2015. Since then, the company has become a force to be reckoned with in the Money Transfer sector. Quest Financial Services became an Access Forex portal agent in early 2020, and processes pay-outs for remittances coming to Zimbabwe from the United Kingdom and South Africa. Customers can collect money sent home by loved ones from Quest Financial Services branches in Harare and Bulawayo.

Through MyCash, Quest Financial Services, and Access Finance, Access Forex customers can collect their receipts from 30 branches across Zimbabwe: in Harare, Bulawayo, Victoria Falls, Gweru, Mutare, Masvingo, Plumtree, and Gwanda. Access Forex is currently rolling out operations in Chinhoyi, Mutoko, Kadoma, Ruwa, Marondera, and Norton as its footprint continues to grow and expand across the country. Through a fast and efficient digitized service, receivers are sent a pin to their mobile numbers when their loved ones abroad send money home. By visiting any Access Forex registered agent with the pin and their valid passport or National ID, receivers can collect their money with ease and convenience.

Access Forex shared its vision for its role in serving customers at home and abroad. “We are excited to have launched our home-grown solution in South Africa as well as the UK,” they stated. “Zimbabweans are best equipped to solve Zimbabwean problems and we are playing our part to equip and connect Zimbabweans at home and abroad.”

Remittances are growing in Zimbabwe and across Africa. Migrant workers across the globe make a fundamental contribution to their families and communities back home, helping the sustainable development of their countries. Many Zimbabweans have emigrated to South Africa and the UK, leaving their loved ones behind at home. Zimbabweans abroad regularly send money to contribute to the needs of loved ones at home, from school fees and medical bills to the building of homes. Remittances also go a long way in supporting rural communities, who are often marginalized. Access Forex connects families, and in so doing it supports the contributions of Zimbabweans abroad to the needs and development of communities across the nation.

About Access Forex
Access Forex, a 100% Zimbabwean-owned remittances business, brings Zimbabweans in the UK and South Africa closer to home. The business is licensed by the South African Reserve Bank and FCA in the UK as a money transfer operator for remittances into Zimbabwe from the UK and South Africa.

For more information email help@accessforex.com. Alternatively, reach the Access Forex Call Centre by phoning +263 8677 180 221, or Whatsapp +263 776 302 424.

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