International remittance company Senditoo has partnered with Access Forex to implement an infrastructure that will enable it to process cross-border transactions.
Senditoo, which has a presence in several countries, has plans to expand services into the US and Canada in the coming months, having established its international headquarters in the UK, Guinea, Zambia, South Africa, and Zimbabwe.
Senditoo’s money transfer service will allow for £2 flat-fee remittances with complimentary exchange rates and real-time transaction monitoring.
The company has grown in the last four years, starting with airtime transfers before extending its service offer to include money remittances and enabling customers to pay their bills. They have also introduced an online grocery delivery service.
Access Forex, meanwhile, established in 2016, is an investment banking business set up to bridge the gap in the market for international money transfers for Zimbabweans living in South Africa and the United Kingdom.
Today, the company’s portfolio of services supports over five million Zimbabweans to manage their money transfers.
Takwana Tyaranini, Senditoo Co-founder, said: “This partnership cements our commitment to being the remittance service provider of choice for Zimbabweans living abroad and locally.
“Senditoo was set up to connect the African diaspora to loved ones at home. In line with our strategic priorities, we have partnered with some of the most reputable businesses and organisations across Zimbabwe, South Africa, Guinea, and the UK to create a strong presence – ensuring our customers have fast, simple, and hassle-free international transfers”.
“We are continually working on our product and service delivery to provide customers across Zimbabwe with accessible payout points that are convenient and cost effective.
“We have ambitious growth targets and teaming up with Access Forex means we will not only be able to scale up but give our customers a premium and quality service.”
Raymond Chigogwana, Chief Executive Officer of Access Forex, said: “We are delighted to be able to lend our valuable distribution network and secure payout portal to more customers.
We have enjoyed working closely with Senditoo to switch their full portfolio of services back on and ultimately, ensure that Zimbabweans locally and abroad get cash to where it is needed most. By the time we roll-out fully, everywhere you see an Access Forex, you can now also access Senditoo.”
The partnership means that Senditoo’s services will be available at approximately 200 payout points across the country.
