ZSE listed digital company Cassava Smartech is getting ready to launch a Sasai remit agency network across the country to help disburse diaspora remittances, The Herald reports.
According to Cassava, plans to set up agents to disburse USD are underway as the fintech solutions plan to revive their wide cash disbursement network.
Speaking to the publication Cassava Smartech general manager in charge of international remittances, Mr Shephard Hondoyemoto said:
With that influx of people sending (remittances) via Sasai at zero percent to 2,5 percent, we are saying the most important thing is to go back to that model where we are covering every part of the country,
We will set up lots of agents in rural areas to work on remittances. We will put agents where people are and offer a service at arm’s length.
So, you will see in the next coming couple of days or weeks, those key constituents, those key districts who have agent representation, they will be offering the US-dollars cash not bonds. Every remittance you will get your US-dollar cash
Ecocash Agents dealing with the local currency are currently charging up to 40% premiums for cashout transactions due to the prevailing cash crisis.
More: The Herald
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