Zepz, the company behind global remittance brands WorldRemit and Sendwave, and a leading provider of digital money transfer services, has renewed its longstanding partnership with Equity Group. This collaboration aims to continue offering secure, convenient, and affordable international money transfer services to Equity members in Kenya and its subsidiaries across Tanzania, Uganda, and soon, the Democratic Republic of Congo (DRC), Rwanda, and South Sudan.
Since initially partnering in 2018 through Equity Bank Kenya, Zepz (via WorldRemit and Sendwave) has facilitated millions of trusted and timely digital money transfers globally. The renewed agreement is set to enhance customer experience further, leveraging Zepz’s best-in-class APIs and integration solutions, alongside Equity Group Holdings’ extensive digital and physical payout networks across its six banking subsidiaries.
The partnership targets facilitating up to one million transactions per month, ensuring seamless delivery of funds directly into mobile wallets and Equity bank accounts. Dr. James Mwangi, Managing Director and CEO of Equity Group Holdings, emphasized the strategic significance of the partnership in pioneering innovative payment solutions across Africa, aligning with the continent’s recovery and resilience goals.
Mark Lenhard, CEO of Zepz, expressed confidence in the partnership’s potential to drive adoption of their remittance services in Africa, leveraging Equity’s strong presence and expanding footprint in the East African Community and beyond. Dr. Mwangi highlighted the partnership’s role in enhancing regional integration and reliable service delivery, particularly in boosting cross-border trade within the Africa Free Continental Trade Area.
Zepz’s digital platform ensures secure and swift fund transfers, complemented by WorldRemit and Sendwave’s broad network, offering senders flexibility and recipients the choice of receiving funds directly into their Equity Bank mobile wallets or bank accounts, with competitive foreign exchange rates.
