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.

https://www.linkedin.com/company/accessforex

https://www.facebook.com/AccessForexIntl

 

Read More
Written by Access AdminMarch 16, 2021

Zim remittances surge as women remitters lead the pack

53% of people sending money with us are women

ACCESS FOREX 

As formal remittances into Zimbabwe surged 58 percent in 2020 to a record $1 billion, data from a local think tank has unveiled that women remitters are leading the pack. 

According to a United Nations Women (UN Women) survey, analyzing the relationship between gender and remittances, migrant women workers have been leading the pack in sending money back home to loved ones.  

The research showed that while women tended to rely more on in-person cash transfer services in the past, the tide had turned with migrant workers now preferring formal channels for security. 

“The research found that, while women typically earn less than men and pay more in transfer fees, the average remittance amounts they send are the same as or even greater than those of men, implying that they tend to remit a larger portion of their earnings than do men,” the UN Women paper said. 

In Zimbabwe’s case, the survey also highlighted that the emergence of new players in the remittance play like Access Forex, Senditoo, and the traditional ones like World Remit and Mukuru had made it easier for women remitters to send money back home. 

Access Forex’s spokesperson Shingai Koti said the increase in trust by women was not alarming as the remittances firm, which services the United Kingdom and South Africa corridors, and others had put in place measures to stimulate remittances from the previously marginalized. 

“On our books, women make up 50 percent of the remitters and this is a huge step especially as we commemorate International Women’s Day. 

“It shows that emancipation and financial inclusion is finally reaching the previously marginalized and as a business, we continue to promote this through our wide distribution network around Zimbabwe also allowing women to send money locally,” Koti said. 

Koti said the trend was anticipated to surge further in the future on the back of sectorial liberalisation efforts by the central bank and the company’s efforts to promote financial inclusion. 

“In South Africa alone, 52 percent of our books is made up of women. This is a pattern we intend to maintain in the future as we grow as a business. We want to ensure that all our customers find a secure way to send money back home,” the Access Forex spokesperson said.  

Meanwhile, Zimbabwe’s diaspora remittances increased by 58 percent to US$1 billion last year surpassing US$635,7 million realised in 2019. 

In 2020, the Reserve Bank of Zimbabwe had projected that diaspora remittances would close the year at US$940 million. 

In his 2021 Monetary Policy Statement last month, RBZ Governor Dr John Mangudya attributed the improvement in Diaspora remittances to the liberalisation of the use of free funds in the country and improved channelling of remittances through formal channels. 

https://www.facebook.com/AccessForexIntl

https://www.linkedin.com/company/accessforex

 

 

Read More
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.

Read More