Wednesday, July 2, 2025
UG Standard - Latest News
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us
  • Login
UG Standard - Latest News
ADVERTISEMENT

Worldremit explains send licence closure in Uganda

by JAVIRA SSEBWAMI | PUBLIC EDITOR
05/07/2022
in News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter
Uganda joins Singapore and Russia among the countries where WordRemit transactions have been blocked.
Uganda joins Singapore and Russia among the countries where WordRemit transactions have been blocked (PHOTO /Courtesy)

KAMPALA –WorldRemit Money Transfer (U) Limited has explained that its exit from Uganda does not affect money remittance business in the country noting that the firm only stopped facilitating send transactions from Uganda.

In a statement released Tuesday, July 5, 2022, Worldremit indicated that customers receiving funds in Uganda are not affected by its decision and that will be able to continue to receive funds via the WorldRemit service without disruption through the company’s existing partner work.

Related posts

Tororo leaders hail Lady Justice Sarah Langa for her Dedication,Mentorship and Integrity

29/06/2025
268
Bishop Lwere with some of the Judicial officers who participated in the Prayer Breakfast.

Bishop Lwere warns Judicial officers against Corruption

28/06/2025
170
Minister , Gen David Muhoozi addressing the gathering at Golf Course Hotel on Thursday. (Courtesy photo)

Violence free elections is everyone’s responsibility – Minister Muhoozi

27/06/2025
166
Women Coffee farmers

Women Coffee Farmers Demand Recognition and Support

26/06/2025
157

“Any transactions sent from Uganda before 6th June 2022 will be processed as normal, and customers will continue to receive SMS email updates. All users, both senders, and receivers, can continue to access past transactions and recipient information, by logging into their account on the WorldRemit website,” a spokesperson from WorldRemit said.

The statement added: “It is WorldRemit’s continued goal to ensure offering the greatest value for its customers around the world and to do so, occasionally WorldRemit has to make difficult decisions that impact a small number of customers. As part of the strategy, WorldRemit, therefore, decided to no longer support outbound money transfers from Uganda, as well as a handful of other countries across the world. Customers in these countries will however continue to be able to receive money through WorldRemit from abroad”.

WorldRemit is a leading global payments company and part of Zepz, a group powering two global payments brands. WorldRemit disrupted an industry previously dominated by offline legacy players by taking international money transfers online – making them safer, faster, and lower cost. We currently send from over 50 countries to recipients in 130+ countries and operate in more than 5,000 money transfer corridors worldwide.

In a statement on Monday, 04 July 2022, the Bank of Uganda said: “The public is notified that the closure of WorldRemit Money Transfer (U) Limited as a company will not affect WorldRemit money remittance product offered by several supervised financial institutions in Uganda.”

Bank of Uganda urged customers with outstanding claims for monies given to WorldRemit Money Transfer (U) Limited for remittance purposes to submit the claims, with evidence, to the office of the Director Non-Bank Financial Institutions Department at Bank of Uganda by July 18, 2022.

“Bank of Uganda assures the public that it will continue to safeguard the stability and integrity of the financial sector,” the central bank announced.

Share this:

  • Share
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: Bank of UgandaFeaturedWorldRemitWorldRemit Money Transfer (U) Limited

Related Posts

 Abbas urges U.S. to compel Israel to stop violations against Palestinians
News

 Abbas urges U.S. to compel Israel to stop violations against Palestinians

05/11/2022
0
304

Abbas urges U.S. to compel Israel to stop violations against Palestinians RAMALLAH, Nov. 4 (Xinhua) -- Palestinian President Mahmoud Abbas...

Read moreDetails
Equity ranked 4th strongest banking brand globally on brand strength, scoring 92.4 points out of 100

 Equity Bank Under Scrutiny for Alleged Role in UGX.3bn Fake Gold Scam

09/07/2024
615
Minister of Health Dr. Ruth Aceng and Permanent Secretary Dr. Diana Atwiine pay their respects at the burial of Dr. Joshua Musinguzi, a champion in the fight against HIV/AIDS in Uganda. Their presence honors his legacy and dedication to improving healthcare in Uganda.

 FULL LIST: Health Service Commission Shortlists Applicants for Key Roles

18/06/2025
996
Kabuleta and other opposition politicians have teamed up to put an end to Museveni's leadership

 Kabuleta, other opposition politicians team up to put an end to Museveni’s leadership

27/02/2024
495
Load More

Popular Articles

  • Check out the top schools with pupils who scored 6 in 4 aggregates in the 2024 PLE results, as released by UNEB

    PLE 2024 Results: Top Schools with 6 in 4 Aggregates

    4362 shares
    Share 1745 Tweet 1091
  • How to Renew Your National ID Online: NIRA Pre-Registration Portal 2025 Guide

    3918 shares
    Share 1567 Tweet 980
  • NIRA unveils high-tech National ID, mass enrollment set to begin

    2660 shares
    Share 1064 Tweet 665
  • FULL LIST: Ministry of Education, NCDC publish self-study workbooks amid COVID-19 lockdown

    3322 shares
    Share 1348 Tweet 823
  • How to Check PLE Results 2024 on Phone, Online

    1783 shares
    Share 713 Tweet 446
  • PLE 2024 Results: UNEB Clarifies on Release Date

    1650 shares
    Share 660 Tweet 413
  • MPs clear govt to cancel 2020 academic year

    2796 shares
    Share 1150 Tweet 686

Recent Articles

The accused persons in court today.

Vandalism of Electricity Equipments: 17 charged with terrorism

02/07/2025
The Gazelles

Gazelles summoned to start preps for 2025 Afrobasket

02/07/2025
Makerere University announces the release of 2025/2026 self-sponsored undergraduate admission lists, detailing successful direct entry A-Level applicants

FULL LIST: Makerere University Releases 2025/2026 Self-Sponsored Admission Lists

02/07/2025
President Museveni assents to nine new bills, including key tax amendments, to boost Uganda's domestic revenue and fiscal discipline for the 2025/26 financial year.

Museveni approves nine new tax laws to bolster revenue

02/07/2025
Nile Breweries Head of Marketing Wangechi Gitahi with Solly Sebola, Chargé d'Affaires at the South African High Commission.

Nile Special, URU engage South African High Commission on Rugby events

01/07/2025
Rotary District 9213 Gov. Geoffrey Kitakule speaks at a press conference Tuesday at Protea Hotel Kampala.

New Rotary Governor Kitakule calls for collaboration as new year begins

01/07/2025

CNOOC Uganda, Chinese team hold medical camp in Kikuube District

01/07/2025

Recent CommentsRecent Comments

  • The Journey of Ibrahim Traoré on How President Ibrahim Traoré’s ambitious vision is driving Burkina Faso’s economic growth push
  • Ugandan Scientists Finalists For European Inventors Prize — Press Uganda on Ugandan scientists finalists for European inventors prize
  • Government Pumps UGX1 Trillion Into UDB To Drive Industrialization, SME Growth — Press Uganda on Government pumps UGX1 Trillion into UDB to drive Industrialization, SME growth
  • PS Ggoobi Tips On Building USD 500b Economy — Press Uganda on PS Ggoobi tips on building USD 500b economy
  • Museveni Meets German Envoy Matthias Schauer After Subversion Claims — Press Uganda on Museveni meets German envoy Matthias Schauer after subversion claims

UG Standard - Latest News

UG Standard, published via www.ugstandard.com isa publication of Sahel Media Solutions Ltd, a professional Digital/New Media company in Uganda info@ugstandard.com

Follow us on social media:

Latest News

  • Vandalism of Electricity Equipments: 17 charged with terrorism
  • Gazelles summoned to start preps for 2025 Afrobasket
  • FULL LIST: Makerere University Releases 2025/2026 Self-Sponsored Admission Lists
  • Museveni approves nine new tax laws to bolster revenue
  • Nile Special, URU engage South African High Commission on Rugby events
  • New Rotary Governor Kitakule calls for collaboration as new year begins

OpED

Why de-register a Motor Vehicle in Uganda: and Consequences of Non-Compliance

Challenges of taxing law firms in Uganda

SHEILA ABOTH: Maternal healthcare must be everyone’s business because it takes a village

DARIUS NIWAHA KISHAHO: Securing Health After Retirement: Why a Post-Retirement Medical Cover is a Necessity, Not a Luxury

Open Letter to the Chief Justice: Your Silence on Corruption is Very Loud

© 2024 Ugstandard - Latest News by Digital/New Media company.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us

© 2024 Ugstandard - Latest News by Digital/New Media company.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d