Steward Bank on Monday launched a US dollar domestic remittance service which is meant to ease the burden for millions of Zimbabweans who need to safely and securely move money across the country.
Steward Bank chief executive, Courage Mashavave said the new service, branded StewardRemit, will allow instantaneous or real-time US dollar money transfers for both Steward Bank account holders and non-account holders.
“For Steward Bank, adding the new domestic remittance service represents another step forward in fulfilling our strategy to continuously stretch our footprint and accessibility across Zimbabwe. We are serving more customers than ever, as we add more services,” he said.
He said StewardRemit offers customers convenience and is aligned with the bank’s central strategy of scaling digital financial inclusion for all Zimbabweans.
“The service is secure, fast and easy to use for sending money in foreign currency anywhere in the country, with the recipients collecting the US dollars from our bank’s branch network nationwide,” Mr Mashavave added.
The transaction limit for non-Steward Bank walk-in users will be set at a minimum of US$5 per transaction, and a maximum of US$250 per transaction, capped at US$1 000 per calendar month.