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Hello Paisa records explosive growth, eyes diversification opportunities in Zimbabwe

Category: Money Tools Published: Sunday, 03 July 2016 Written by Chance Allen

Thats half the standard rate for other alternatives and according to Khamissa, this fee can sustain a scaled remittance service. 

Khamissa believes that Hello Paisa, much like other remittance services providing a solution for an emerging market community that is counting every cent, has to factor in this reality in aspects like pricing.

Other than competitive pricing the Hello Paisa strategy has also included the creation of a wide network of strategic receiving partners. In Zimbabwe, this network has included the postal network Zimpost, the retail bank CABS, TM Stores countrywide and a tie up with mobile money service, Telecash.

Kahmissa says the Telecash partnership has been a strong contributor to Hello Paisas growth locally thanks to the convenience it provides recipients who can access the funds from any mobile money agent. Its also emerged as a preferable channel in the wake of the cash crisis that has gripped Zimbabwe which has positioned digital money tools like mobile wallets.

The Hello Paisa story in all its service markets including Zimbabwe, wont end with just the remittance service, though. Kahmissa believes their startup is geared to provide a gamut of downstream services in fintech which not only tie in with remittances but can tap into other rapid changes taking place in financial services.

Kahmissa believes that through their appreciation of financial services and with the network they are building through cross-border value creation they are geared to provide a gamut of downstream services in fintech

These will not only tie in with remittances but can tap into other rapid changes taking place in financial services.

However, theres still a lot of work that needs to be done especially through collaboration and an appreciation of the competencies that diffrent service providers can bring to the improvement of financial services.



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