NMB In Partnership With German Bank, Will Allow Locals To Make International Payments

NMB Zimbabwe Holdings has entered into a partnership with German Bank, ODDO BHF. This partnership will allow Zimbabwean customers to make international payments and to receive money from outside the country. NMBZ Holdings chief executive officer Benefit Washaya said

We are pleased to inform you that NMB Bank has now secured a correspondent agent for USD and EURO clearing with a German Bank, ODDO BHF. Please note that the United States Dollar account is currently restricted to receiving funds, therefore, outward Telegraphic Transfers will be facilitated through EURO, Rand and CNY currencies.

More: The Financial Gazette

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One Comment on “NMB In Partnership With German Bank, Will Allow Locals To Make International Payments

  1. This could be great. Kindly clarify, if you may, if outwards TTs will be from the bonds balance in my account to ZAR? I think that’d be the most useful detail. Or is it we’d have to deposit forex which they then send out?

    Many thanks

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