WorldRemit and Xpress Money Announce Global Money Transfer Partnership

by PaymentsJournal 0

~New money transfer routes to open up across Africaand Asia~

London & Dubai, December 6, 2016: Digital money transfer service WorldRemit and global money transferbrand Xpress Money todayannounce a partnership to open up new remittance routes across Africa and Asia.

Through Xpress Money’s extensive agent partnernetwork, WorldRemit customers will be able to make secure, instant moneytransfers to be collected as cash. Initial countries in the rollout willinclude Algeria, Egypt, Ethiopia, Fiji, Lebanon, Pakistan, Sri Lanka and Tonga.Over the next few months, customers will also be able to receive moneytransfers in their bank accounts, mobile wallets, etc.

With the WorldRemit app or website, customers sendmore than 500,000 transfers every month to more than 125 destinations.WorldRemit, known as the ‘WhatsApp of money’, makes sending a remittance aseasy as sending an instant message.

Xpress Money is one of the fastest growing instantmoney transfer companies, present in 160 countries through 180,000cash payout locations across the globe. It has regional offices in 25countries including UK, USA, Canada, Australia, Hong Kong, Philippines, UnitedArab Emirates and India, amongst others. Xpress Money offers convenientservices to its customers globally, which include Cash Payouts, AccountCredits, Remit Card or ATM, Mobile Wallets and Door Delivery Services.

Ismail Ahmed, founder and CEO at WorldRemit,comments: “We want to offer our customers the widest and mostconvenient choice of payout options. Xpress Money is a trusted and dependablemoney transfer brand with a fantastic network of agents across the world. Ourpartnership will extend our footprint into new territories and will enable evenmore people to make secure, instant money transfers.”

Sudhesh Giriyan, COO at Xpress Money added, “Customer convenience ranks high on our list ofpriorities; through this partnership with WorldRemit we are elevating thatlevel of our customers’ convenience as they can now send money at theirfingertips, whenever they want, through the WorldRemit app or website. It isideal to have partnered with a like- minded brand as WorldRemit, that is alsoworking towards a similar objective that benefits the end customer. Theremittance industry is at a juncture where is it necessary for brands tocollaborate for the sake of the industry at large. We are happy to be settingthe right example and hope for other brands to follow suit.”