Mukuru is a leading money transfer and financial services platform in Africa, primarily serving Zimbabwean migrants in South Africa.
Which app gives South Africa’s migrant workers the best deal on sending their next $200 home?
Johannesburg serves as a hub for migrants from Zimbabwe, Nigeria, DRC, and Uganda, who contribute to the local economy. Over $1 billion in formal remittances flows to SADC countries each year, with Zimbabwe receiving nearly half.
Mukuru customers face balance errors after technical glitch
Thousands of Mukuru customers in South Africa woke up to missing funds from their accounts on June 19. Mukuru attributed the issue to a technical glitch, stating that actual funds were not affected.
Fintech Companies Aim to Slash High Remittance Costs for Sub-Saharan Africa
In 2023, remittances to sub-Saharan Africa were valued at $54 billion. Remittances account for over a fifth of GDP in The Gambia, Lesotho, and Comoros.
Mukuru Launches Mobile Wallet to Expand Financial Access in Zimbabwe
Mukuru launches Mukuru Wallet in Zimbabwe. Mukuru awarded DTMFI license by the Reserve Bank of Zimbabwe.
Zimbabwe: Mukuru awarded Deposit-Taking Microfinance Institution (DTMFI) licence
Mukuru awarded DTMFI licence in Zimbabwe. Focus on financial inclusion for SMEs, women, youth, and people with disabilities.
