Zepz, the group powering leading global remittance brands, WorldRemit and Sendwave, and leading provider of digital money transfer services, along with Equity Group, today announced the renewal of their long-standing partnership.
This agreement will continue to provide Equity members in Kenya and across its subsidiaries in Tanzania, Uganda, and soon, the Democratic Republic of Congo (DRC), Rwanda and South Sudan, with secure, convenient, and affordable ways to send and receive international money transfers.
Zepz (via World Remit and SendWave) first partnered with Equity Group in 2018 through its subsidiary, Equity Bank Kenya. The collaboration has facilitated trusted, timely, and convenient digital money transfers for millions of customers globally, utilising a robust network of partners throughout the Equity ecosystem of companies.
The renewed agreement will significantly optimise customer experience, leveraging the combination of best-in-class APIs and integration solutions from Zepz, and both the digital and physical payout networks of Equity Group Holdings across their six banking subsidiaries. Targeting one million transactions per month, the collaboration will facilitate the seamless delivery of funds directly into mobile wallets and Equity bank accounts.
Commenting on the partnership, James Mwangi, Managing Director and CEO, Equity Group Holdings said, “This partnership, rooted in deliberate intent and purpose, signifies our shared strategic vision to pioneer innovative solutions in the payments space for the African continent. By harnessing the unique competencies and capabilities of both institutions, we aim to revolutionize payment solutions across the continent as a support to achieving the Africa Recovery and Resilience Plan. This partnership will enable us to facilitate trade linkages across the region by enabling person-to-person, person-to-government, person-to-business, and business-to-business payments.”