BY FIDELITY MHLANGA
FINANCIAL service provider, National Building Society (NBS) has launched an all-inclusive local transfer product, NBS Instant Cash.
It provides a platform for both banked and unbanked customers to send currencies locally at the lowest premiums, thereby meeting the needs of low-income people.
Speaking at the launch, NBS Marketing Manager Mildret Kujinga said the service will bridge the financial inclusion gap by allowing customers to send and receive as little as $ 10 per transaction.
As such, it will bring more convenience to financially excluded communities, which typically find it difficult to send and receive money for household emergencies related to household consumption.
âIn addition to working with international money transfer agencies such as Senditoo and WorldRemit, the construction company has added an exciting local remittances product, NBS Instant Cash to provide world class services in the space. remittances, âKujinga said.
She pointed out that the construction company is responding to market demands by offering disruptive products for targeted markets.
“We have a national mandate to provide affordable homes, build dreams and build our societies, which is why we are continuously deploying innovative products based on information and communication technologies to improve the quality of life of people. Zimbabweans, âshe said.
According to the institution, there has been a huge adoption of the new product.
Kujinga said that sending or receiving currency through the NBS Instant Cash platform will create a traceable formal transaction history even for the informal sector, allowing them to have access to various banking products offered by the institution.
Instant Cash services are accessible in NBS branches and its various authorized agents scattered across the country.
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