Mukuru Launches Mobile Wallet in Zimbabwe to Drive Financial Inclusion
Mukuru, a leading financial services platform, has launched the Mukuru Wallet to enhance financial inclusion in Zimbabwe. This innovation follows the company’s Deposit-Taking Microfinance Institution (DTMFI) license approval by the Reserve Bank of Zimbabwe.
The wallet supports over 3 million Zimbabwean customers with features like safe fund storage, free cashouts on international transfers, and the ability to send or receive money locally and internationally. It also facilitates payments for utilities, DSTV, and insurance—all accessible via mobile devices.
Marc Carrie-Wilson, CEO of Send Money Home Zimbabwe, highlighted that Mukuru’s robust service network, covering both urban and rural areas, ensures constant cash availability. “We’re providing accessible solutions to underserved communities,” he said.
Mukuru Zimbabwe Financial Services CEO, Doug Tait-Knight, emphasized the wallet’s safety, affordability, and convenience, reducing the need to carry large sums of cash. Enterprise Sales Manager Kevin Nyakotyo noted the potential for partnerships with organizations to facilitate secure and traceable financial operations.
Mukuru continues to redefine financial technology, with accolades like the 2023 Africa Tech Festival’s Fintech Innovation of the Year Award and recognition in the 2024 FXC Intelligence Top 100 Cross-Border Payment Companies.
