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Monday, October 12, 2009

Hawala and bank Dahabshiil - Abdirashid Duale How It Works

What follows is an excerpt from an interview of Abdirashid Duale, the founder of Dahabshiil. It was published by Somaliland Express on 09/09/09.

-Shimron Issachar

What makes you different from the other money transfer service providers like Western Union and Money Gram?

We are totally different from Western Union and Money Gram because we are inexpensive and oriented towards business as well. Dahabshiil like the other international money transfer services is a truly global operation providing a broad range of financial services to businesses both large and small and international organisations as well as the private individuals. We also operate under full banking licenses in a number of East African countries and are expanding this aspect of our business month on month.

  • We have 1,000 branches and agents in over 40 countries around the world and international offices in London and Dubai.
  • We have offices in 18 states in the US. We are the leading financial services organisation in the Horn of Africa. We focused on the quality of service.
  • We can transfer as much as a business man wants within seconds while our competitors may take some time. Our services are internet based like theirs but we put a lot of emphasis on the time factor.

The other difference we have from them is that we allow our customers to negotiate with us. A person sending US $100 to the US or UK will only pay $2 as service fee and when it is an inland transaction say sending money from Kampala to Arua, $100 will be sent for less than $2. We aim at serving more people while charging less so as to earn more.

The Rest @ Somaliland Express

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