International money transfer company Kash Mart Canada just opened a new head office in Toronto, at 3660 Midland Avenue, with additional branches in Vaughan, Vancouver and Montreal, Canada, the company’s fifth branch in that country. The new branches are located in the Chinese communities, where many Asians immigrants in the country are also located.
The remittance company aims to capture overseas Chinese workers as aim it to continue serving the migrant African market as well. Kingsley WHYTE, Kash Mart director said, “This move will make us more accessible to both Africans and Chinese customers across Canada. This expansion initiative should create more synergy between our major core remittance services and our Chinese remittance business.”
In its bid to capture the Chinese market, Kash Mart entered into a special agreement with the partners which is a bank owned by the government. The agreement with the said bank made possible the same-day processing of remittances. That means beneficiaries can get their remittance from any of the partner's 6,000 branches in China on the same day they were sent by their relatives overseas.
The staff of Kash Mart at Canada branch, according to the CFO, is made up mostly of Chinese although they also have African nationals which were hired as marketing officers to cater to the needs of the African market.
Of course, aside from the Chinese nationals, the company would still continue to serve the sizeable African migrant population in Canada who are mostly highly-paid professionals working in the fields of health care, engineering and business.
Aside from its new branch in Canada, Kash Mart is also scheduled to another branch in Italy, which are all part of the company’s expansion plans. At present, Kash Mart has branches in Asia Pacific, North America, Europe, and the Middle East, while boasting of having 50,000 payout partners worldwide.
About Kash Mart
Kash Mart International (kash-mart.com) is a world-class private equity firm which operates financial institutions and one of the World’s largest unlisted private equity companies in terms of market capitalization. In keeping with our name, which means "ever-growing", we are growing alongside our customers. Our vision is to increase our equity holders value by strengthening our position as a leading financial institution in North America, India, China and Africa focusing particularly on Institutional lending, Mortgage lending and International Payments.