Remit is a remittance transfer service built by Redcore Interactive that offers real-time debit / credit card to mobile-money transfers from all over the world to registered mobile-money users in Uganda. Remit’s advantage is that it is the fastest, cheapest, and safest way for Uganda’s diaspora to send money home.
Africans in the Diaspora send up to $60 billion annually to the continent. At an average cost per transaction of 11.89%, Africans are spending more than $7 billion in fees. We think we can do better. So we built Remit, the fastest, cheapest, and secure way to send money home directly to a mobile wallet. We are currently in Uganda, and soon expanding to the rest of Africa. Remit is a product of Redcore Interactive.