Bard Santner wants to turn Zimbabwe’s diaspora remittances into a banking business
- Bard Santner is positioning itself to capture a larger share of Zimbabwe’s $2.45 billion diaspora market.
- The firm has launched a newly licensed deposit-taking microfinance bank.
- Bard Santner aims to shift from zero-margin transactional transfers to high-yield lending.
Bard Santner's strategy to diversify its offerings in the competitive remittance market is commendable, but the success of this approach will heavily depend on navigating regulatory hurdles and differentiating itself from established players. It will be crucial for the firm to effectively communicate its value proposition to potential clients.
