News / Africa

S. Sudan Money Transfer Services Growing Fast

Money transfer services are popular in South Sudan because they get cash into the hands of those who need it, quickly and without steep fees.Money transfer services are popular in South Sudan because they get cash into the hands of those who need it, quickly and without steep fees.
x
Money transfer services are popular in South Sudan because they get cash into the hands of those who need it, quickly and without steep fees.
Money transfer services are popular in South Sudan because they get cash into the hands of those who need it, quickly and without steep fees.
You could almost call the capital of Western Bahr el Ghazal, "Western Union" Bahr el Ghazal after the global money transfer company, so rapid has been the growth of money transfer services in the South Sudanese state since independence two years ago.

It used to be that residents of the state capital Wau had to wait months, if not years, for relatives to bring them money to live on. Now, they get the money in a matter of hours at one of four money transfer bureaus in Wau. And they don't have to pay the hefty transaction fees charged by banks for remittances.

Wau resident Angelina Abuk Kon's father sends her money every month from Juba, where he works. She uses the money to buy food and pay for transportation, and says it helps to keep her afloat. And it wouldn't be possible without the money transfer bureau, she said.

“This money transfer is helping us a lot," she told VOA News.

"If they were not here, our money would not reach us in a short time. I came to receive money from Juba, which is very far, but this money transfer service has made the distance shorter,” she said.

Barnaba Garang Deng looks after his nephew, who has a medical condition that requires weekly treatment at the local health center. His brother, the boy's father, works in Lakes state, and sends money for his son’s treatment every week.

Doing business with a wire transfer company is easier than dealing with a bank, he said, because banks ask for proof of identity, whereas money transfer companies don't.

"You can come and simply receive your money," he said. "We came, we take only five minutes, we get the money.”

Daro Patrick, Branch Manager of Eden Money Transfer Service in Wau, said his company not only wants to help people who work far from home to be able to send money to their families -- and be safe in the knowledge that they will get it -- but also to enhance locals' safety by allowing them to carry less cash on them.

“You know these days the world is very risky and you could find you are hijacked," he .

"So we thought it wise at least to open something which is more efficient so that the person can deposit his money somewhere.”

High demand for money transfer services throughout South Sudan has fueled substantial growth in companies like Patricks in the last two years, and officials at South Sudan's Central Bank say money transfer companies could help to boost the country's nascent financial sector by attracting outside investors to South Sudan.

You May Like

Captured IS Militants Explain Why They Fought

Fighters from Turkey, Syria tell VOA Kurdish Service what drew them to extremism, jihad More

Security Experts Split on Kenyan Barrier Wall

Experts divided on whether initiative aiming to keep out al-Shabab militants is long-awaited solution or misguided effort More

Video Philippines Wants Tourists Spending Money at New Casinos

Officials say they hope to turn Manila into the next Macau, which has long been Asia’s gambling hub More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Liberia's Almost Last Ebola Patient Grateful but Still Grievingi
X
Benno Muchler
March 26, 2015 3:41 PM
Beatrice Yardolo was to make history as Liberia’s last Ebola patient. Liberians recently started counting down 42 days, the period that has to go by without a single new infection until the World Health Organization can declare a country Ebola-free. That countdown stopped on March 20 when there was another new case of Ebola, making Yardolo’s story a reminder that Ebola is far from over. Benno Muchler reports from Monrovia.
Video

Video Liberia's Almost Last Ebola Patient Grateful but Still Grieving

Beatrice Yardolo was to make history as Liberia’s last Ebola patient. Liberians recently started counting down 42 days, the period that has to go by without a single new infection until the World Health Organization can declare a country Ebola-free. That countdown stopped on March 20 when there was another new case of Ebola, making Yardolo’s story a reminder that Ebola is far from over. Benno Muchler reports from Monrovia.
Video

Video Cambodian Land Grabs Threaten Traditional Communities

Indigenous communities in Cambodia's Ratanakiri province say the government’s economic land concession policy is taking away their land and traditional way of life, making many fear that their identity will soon be lost. Local authorities, though, have denied this is the case. VOA's Say Mony went to investigate and filed this report, narrated by Colin Lovett.
Video

Video US, South Korea Conduct Joint Military Exercises

The Eighth U.S. Army Division and the Eighth Republic of Korea Mechanized Infantry Division put on a well orchestrated show of force for the media this week during their joint military training exercises in South Korea. VOA’s Seoul correspondent Brian Padden was there and reports the soldiers were well disciplined both in conducting a complex live fire exercise and in staying on message with the press.
Video

Video Space Program Status Disappoints 'Last Man on the Moon'

One of the films that drew big crowds last week at the annual South by Southwest festival in Austin, Texas, tells the story of the last human being to stand on the moon, U.S. astronaut Eugene Cernan. It has been 42 years since Cernan returned from the moon and he laments that no one else has gone there since. VOA’s Greg Flakus reports.
Video

Video Young Filmmakers Shine Spotlight on Giving Back

A group of student filmmakers from across the United States joined President Barack Obama at the White House this month for the second annual White House Student Film Festival. Fifteen short films were officially selected from more than 1,500 entries by students aged 6 through 18. The filmmakers and their families then joined the president and a group of celebrities for a screening of their films. VOA’s Julie Taboh reports.
Video

Video VOA Exclusive: Interview with Afghan President Ashraf Ghani

Afghan President Ashraf Ghani, during his first visit as president to Washington, gave a one-on-one interview with VOA Afghan Service reporter Said Suleiman Ashna, about his request for a change in U.S. troop levels, the threat from the Islamic State, and repairing relations with the United States and Pakistan. The interview was held at Blair House, late Sunday, in Pashto.
Video

Video California Science Center Tells Story of Dead Sea Scrolls

The ancient manuscripts were uncovered in the mid-20th century, and they are still yielding clues about life and religious beliefs in ancient Israel. As VOA's Mike O'Sullivan reports, an exhibit in Los Angeles shows how modern science is bringing the history of these ancient documents to life.
Video

Video Angelina Jolie Takes Another Bold Step

Hollywood actress and filmmaker Angelina Jolie has revealed she had her ovaries and fallopian tubes removed to lower her odds of getting cancer. Doctors say the huge publicity over her decision will help raise awareness about the importance of cancer screening. VOA’s George Putic has more

All About America

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More