Leading remittance provider Zepz, the powerhouse behind global brands WorldRemit and Sendwave, has announced a renewed and expanded partnership with Equity Group, a dominant force in East Africa’s financial services sector.

This strategic alliance signifies a renewed commitment to streamlining cross-border transactions, boosting financial inclusion, and empowering individuals across the continent.

Beyond Renewal: A Focus on Technological Innovation and Enhanced Reach

The renewed partnership goes far beyond a simple continuation of past agreements. It signifies a strategic shift towards adopting cutting-edge technology to optimise the remittance experience.

Zepz’s industry-leading APIs and integration solutions will seamlessly connect with Equity Group’s massive digital and physical infrastructure.

This robust network spans six banking subsidiaries across Kenya, Tanzania, and Uganda, with the Democratic Republic of Congo (DRC), Rwanda, and South Sudan soon joining the fold.

This interconnected ecosystem aims to transform remittance processing, targeting the ambitious goal of facilitating one million transactions per month.

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A Shared Vision: Building a Prosperous and Connected Africa

Both parties recognise the significant impact this collaboration can have beyond just financial gains. Dr. James Mwangi, CEO of Equity Group Holdings, emphasises a shared vision that extends far beyond profit margins.

He envisions the partnership as a catalyst for regional integration, promoting reliable and efficient cross-border transactions.

This, in turn, would empower individuals and businesses, ultimately bolstering trade opportunities and aligning with the goals of the Africa Free Continental Trade Area (AfCFTA). Dr. Mwangi underscores the potential to unlock economic growth and empower millions across the continent.

Zepz Leverages Equity Group’s Strength to Expand Market Presence

Zepz CEO Mark Lenhard expresses confidence in the partnership’s potential to unlock significant growth. By leveraging Equity Group’s well-established presence in East Africa, Zepz aims to significantly expand its market share and tap into new territories as Equity broadens its footprint across the continent.

This strategic move strengthens both companies’ positions within the African remittance landscape, creating a formidable force for change.

Building on a Solid Foundation: A History of Success

This renewed collaboration did not happen overnight. It builds upon a proven track record established in 2018 when Zepz through WorldRemit and Sendwave first partnered with Equity Bank Kenya.

This initial collaboration has already demonstrably enhanced the lives of millions of customers worldwide. They have benefited from secure, timely, and convenient digital money transfers facilitated by Equity’s extensive network.

A Win-Win for All: Driving Mutual Benefits and a Brighter Future

The renewed partnership delivers a powerful combination of benefits for all stakeholders:

Customers: Experience a faster, more user-friendly, and ultimately more affordable remittance process.
Equity Group: Expands its digital payment services and customer base, solidifying its position as a regional financial leader.
Zepz: Gains access to a wider market and increases brand recognition, strengthening its position as a leading remittance provider in Africa.
Africa: Benefits from increased cross-border economic activity, facilitated by easier and more affordable money transfers. This fosters financial inclusion, empowers individuals, and unlocks new growth opportunities.

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The renewed partnership between Zepz and Equity Group goes beyond streamlining remittances. It represents a commitment to promoting a more financially inclusive and empowered Africa.

By harnessing the power of technology, expanding reach, and aligning with continental development initiatives, this collaboration has the potential to significantly impact millions of lives and contribute to a more prosperous and connected African future.

This renewed force in African remittances promises to redefine the landscape, empower individuals, and drive economic growth across the continent.