ON THE back of a successful migration of their banking systems, First Capital Bank Zimbabwe has launched two new innovative products and services for customers and the general public.
The bank has partnered with money transfer agents RIA Financial Services, the third largest remittance company in the world, and has also re-launched an enhanced funeral insurance product, Gadziriro, underwritten by Zimnat Insurance.
Ria is a wholly-owned subsidiary of Euronet Worldwide Inc, offering services in 160 countries through a network of over 385 000 locations.
First Capital Bank managing director, Ciaran McSharry heaped praise on the collective efforts from both First Capital Bank and Ria teams that worked hard to deliver this new service.
“Our belief is that the Ria partnership comes at an opportune time where customer convenience and transactional flexibility is a key pillar of our service promise.
“It brings a unique competitive edge in key markets such as the UK, USA, South Africa, among others,” McSharry said.
Under this partnership, First Capital becomes one of a few banks providing money transfer services at this magnitude, enabling receipt of diaspora remittances to the local market through its diverse branch network.
All charges are borne by the remitter, allowing the beneficiary to collect funds at no cost.