Araweelo News Network
Hargeisa(ANN)-Money transfer has never been easier and more compliant with Somalis and East Africans. In a world that looks more and more
askance at sums of money wired from one end of the world to
another, observing international laws is a must.
The success the firm achieved throughout the world is partly
because it has become a trustworthy, highly reliable conduit for
transfer of moneys in countries within which it operates. This, in
turn, attracted Diaspora members whose honest earnings had no use
for subterfuge and shady dealings with brokers.
Dahabshiil can be found in places that even older money transfer
firms had not reached. It is friendly. It is reliable. It is
efficient. It is compliant – and, above all, it is fast reaching
beneficiaries within the minute.
Since the introduction of eDahab – the company’s mobile banking
service – the company’s reach has more than quadrupled.
International Clients
Because of the combination above, and the fact that it is as
accessible in Somali rural and very remote areas as it is in the
developed world, Dahabshiil is the first choice with international
NGOs, development partners, and UN bodies. It is also because no
other money transfer business has the reach, the staff or the
insurance to deliver on agreed parameters.
According to the company’s official web page, Many international
organizations have recognized the crucial role of remittances,
both during humanitarian crises and for development. For example,
organizations including the United Nations, World Bank, Oxfam and
others comment regularly on the importance of money transfer
services.
They describe them as a life-line for millions of people, especially those living in rural communities where other financial services, such as banks, do not exist. Dahabshiil is very strong in rural communities. As well as enabling Africa’s very poorest people survive, Dahabshiil allows others to invest and create jobs, contributing to growth on the continent.
International organizations have also recognized that companies
like Dahabshiil are a much safer and more desirable option
compared with informal channels, which are not subject to checks
on where the money comes from and where it goes.
The existence of companies like Dahabshiil is viewed as crucial to
sustaining a healthy atmosphere of competition. This helps keep
prices down and the standard of service high. Dahabshiil has some
of the most competitive rates available.
Service Partners
Dahabshiil works with a number of renowned partners either in
money transfers or in the provision of Internet and GSM services
indispensable to mobile banking and customer notifications.
Besides national and international banks, worldwide, among the
company’s frontline partners include Money Exchange, Suri
Exchange, Al Kurami, Aktif Bank, Money Express, ZenJex, Somtel,
UPT, Mahindra Comviva and a great number of local companies in
many of the countries the company has a presence.
About Dahabshiil
Dahabshiil, an indigenous African company, was founded in 1970. It
was set up as a new remittance venture to enable migrants to send
money to family and friends back in the countries of East Africa.
Dahabshiil has grown to be the largest African money transfer
business operating in 126 countries across the world, 40 of which
are in Africa. It remains a business committed to its original
values of trust, reliability, integrity and customer-focus.
In addition to serving individual customers, Dahabshiil offers
money transfer and banking services to businesses and
international organisations, including the United Nations, World
Bank, Oxfam and Save the Children. They rely on Dahabshiil to
provide payment services to their staff, contractors, government
institutions and partner NGOs. The United Nations describes
Dahabshiil’s services as ‘the only safe and efficient option to
transfer funds to projects’.
