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

Key Al-Shabab Commander Captured

Zakariye Ismail Hersi was captured in a raid Saturday morning in the town of El Wak near the border with Kenya More

Relations Between Pakistan, Afghanistan Key to Fighting Taliban

A Pakistani official tells VOA that anti-terrorism campaign has resulted in improved counter-terrorism cooperation with Afghanistan More

160,000 Displaced by Flooding in Malaysia

Prime Minister Najib Razak visits hard-hit Kelantan state, announces nearly $145M in additional relief for victims 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.
Estimates Rising of Foreign Fighters in Iraq, Syriai
X
Jeff Seldin
December 24, 2014 11:38 PM
Foreign fighters are making more of a mark on the battles raging across Syria and Iraq than initially thought. VOA's Jeff Seldin has more.
Video

Video Estimates Rising of Foreign Fighters in Iraq, Syria

Foreign fighters are making more of a mark on the battles raging across Syria and Iraq than initially thought. VOA's Jeff Seldin has more.
Video

Video Russians Head Into Holiday Facing Economic Malaise

Russian preparations for the New Year holiday are clouded by economic recession and a tumbling currency, the ruble. Nonetheless, people in the Russian capital appear to be in a festive mood. VOA's Daniel Schearf reports from Moscow.
Video

Video Mombasa in Holiday Tourism Slump Due to Security Fears

Kenya's usually popular beachside tourist destination of Mombasa is seeing a much slower holiday season this year due to fears of insecurity as the country has suffered from a string of terror attacks linked to Somali militants. Mohammed Yusuf reports for VOA on how businessmen and tourists feel about the situation.
Video

Video For Somalis, 2014 Marked by Political Instability Within Government

While Somalia has long been torn apart by warfare and violence, this year one of the country's biggest challenges has come from within the government, as political infighting curtails the country's progress, threatens security gains and disappoints the international community. VOA's Gabe Joselow report.
Video

Video US Political Shift Could Affect Iran Nuclear Talks

Secretary of State John Kerry’s efforts to resolve Iran’s nuclear crisis are continuing into 2015 after Iran and six world powers failed to agree by a November deadline. U.S. domestic politics, however, could complicate efforts to reach a deal in the new year. VOA State Department correspondent Pam Dockins has the story.
Video

Video NYSE: The Icon of Capitalism

From its humble beginnings in 1792 to its status as an economic bellweather for the world, the New York Stock Exchange is an integral part of the story of America. VOA’s Bernard Shusman reports from Wall Street.
Video

Video Islamic State Emergence Transforms Syria and Iraq in 2014

The emergence of the Islamic State in Iraq and Syria as a potent force in early 2014 changed the dynamics of the region. Their brutal methods - including executions and forced slavery - horrified the international community, drawing Western forces into the conflict. It also splintered the war in Syria, where more than 200,000 Syrians have died in the conflict. VOA’s Henry Ridgwell looks back at a deadly year in the region -- and what 2015 may hold.
Video

Video Massive Study Provides Best Look at Greenland Ice Loss Yet

The Greenland ice sheet is melting faster than predicted, according to a new study released in the Proceedings of the National Academic of Sciences that combines NASA satellite data and aerial missions. As VOA’s Rosanne Skirble reports, the finding means coastal communities worldwide could be at greater risk, sooner, from the impact of rising seas.
Video

Video US Marines, Toys for Tots Bring Christmas Joy

Christmas is a time for giving in the United States, especially to young children who look forward to getting presents. But some families don't have money to buy gifts. For nearly 70 years, a U.S. Marines-sponsored program has donated toys and distributed them to underprivileged children during the holiday season. VOA's Deborah Block tells us about the annual Toys for Tots program.
Video

Video France Rocked by Attacks as Fear of ISIS-Inspired Terror Grows

Eleven people were injured, two seriously, when a man drove his car into crowds of pedestrians Sunday night in the French city of Dijon, shouting ‘God is Great’ in Arabic. It’s the latest in a series of apparent ‘lone-wolf’ terror attacks in the West. Henry Ridgwell looks at the growing threat of attacks, which security experts say are likely inspired by the so-called "Islamic State" terror group.

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

All About America

AppleAndroid