Mr. Varghese Thambi, Chief Executive Officer at Diamond Trust Bank

Digital money transfer service WorldRemit has partnered with Uganda based Diamond Trust Bank.

According to WorldRemit, the partnership will enable Ugandans living abroad to transfer funds using payout options such as bank transfer, cash pickup, mobile money and airtime top-up.

Ivan Kanyali, Country Manager for Uganda at WorldRemit, said: “We are delighted to be expanding our partnership with DTB across East Africa, after launching bank transfer and cash pickup services to Kenya with the bank last year. Uganda is now our fourth largest receive market in Africa and is growing at over 35% year-on-year. Our partnership with DTB adds several new cash pickup locations across urban and rural areas of Uganda to our network., making it even easier for recipients to receive money from abroad.”

Mr. Varghese Thambi, Chief Executive Officer at Diamond Trust Bank, comments: “You can now receive money from over 50 countries worldwide with WorldRemit, and our partnership sets DTB apart as a centre of excellence for money transfers services to Uganda. Our branches are a one stop centre where you can manage all your financial transactions. Our working hours at several branches, from 8am to 8pm even on Sundays, also enhance our customers’ ability to access their money.”

WorldRemit customers complete over 1.3 million transfers every month from over 50 countries to over 145 destinations.

Founded in 1945, Diamond Trust Bank is a commercial bank based in Kampala, Uganda.

by Megha Bhattacharya
Market Analyst at IBS Intelligence