Sending money to Zimbabwe

Posted: 21st February 2012 by admin in Remittance methods

Migrants use many different channels to send remittances back home. Focus group discussions conducted by the Southern African Migration Project indicated that there had been a shift towards greater use of formal remittance channels among Zimbabweans due to a wider network of money transfer services.

Popular informal channels range from bringing money back home personally, or through a friend or relative, or via taxis.  Problems experienced in money transfers varied from excessive charges associated with banks and the Post Office, as well as sending money via a friend or relative was often seen as slow and unreliable.  Bringing the money home personally is equally a difficult and slow path of supporting relatives back home.

In Zimbabwe, there is a clear preference for trusted informal channels over banks or formal money transfer operators such as Western Union and Moneygram. Social networks influence the channels through which informal remittances are sent. Active social ties between migrants and family members and friends provide the personal links and local information necessary for informal remittance sending.

How do you and your family send money to Zimbabwe?