fbpx

Remitly, Xpress Money Partner to Expand Cross-border Money Transfer Services

Remitly customers can now send money to Xpress Money locations in Asia and Africa

DUBAI, UAE, Nov. 21, 2019 /PRNewswire/ -- Remitly, the online remittance service used by nearly two million people, and Xpress Money, a Finablr company, have come together to increase cross-border payout options for customers in Asia and Africa. This partnership leverages Xpress Money's global footprint and its omnichannel distribution capabilities, adding thousands of cash pick-up locations to the Remitly network in addition to enabling convenient money transfers to bank accounts and mobile wallets.

Promoth Manghat, Group CEO of Finablr, and Sudhesh Giriyan, CEO of Xpress Money, along with Matt Oppenheimer, CEO and Co-Founder of Remitly.
Promoth Manghat, Group CEO of Finablr, and Sudhesh Giriyan, CEO of Xpress Money, along with Matt Oppenheimer, CEO and Co-Founder of Remitly.

The alliance brings together Remitly's digital capabilities of sending money swiftly through its app or online platform, with Xpress Money's legacy of processing secure cross-border money transfers across its robust payout network, built over the last two decades. 

Commenting on the partnership, Xpress Money CEO, Sudhesh Giriyan said, "Our focus has always been to enable customers to exercise their choice in how, when and where they want to send and receive money. This partnership between Xpress Money and Remitly reiterates our commitment to facilitating seamless money transfer experiences. Fueled by the collective strengths of our expertise, we believe this partnership will add scale to our business."

Matt Oppenheimer, Remitly CEO and Co-Founder, said, "The opportunity to send money online is transforming the way people around the world give financial support to family and friends. It's critical for customers to know that their recipients will get their money in a way that is most convenient to them. We're thrilled to partner with Xpress Money to expand the Remitly network further and offer a range of receive options that our customers have come to expect."

Photo - https://mma.prnewswire.com/media/1032844/Xpress_Money.jpg  
Logo - https://mma.prnewswire.com/media/1032867/Xpress_Money_Logo.jpg


 

Copyright

© PR Newswire

Forward Leading to bring together 150 data and tec...
Bitfinex Announces Strategic Collaboration with OD...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Sunday, 04 December 2022
 
     
 

Latest Spot Rate

 
04 October 2022
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 2.50 per cent.The Board is committed to returning ...
23 September 2022
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.The Federal Reserve Board approved action on Thursday by the Boards of Directors of the Federal Reserve Banks of New York, Minneapol...
22 September 2022
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.The attached tables and charts released on Wednesday summarize the economic projections made by Federal Open Market Committee partic...
22 September 2022
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployme...
24 August 2022
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings on July 18 and July 27, 2022.The minutes are...
How It Works | About | Contact | Privacy Policy | Forex Marketing
© 2009 - 2019 Forex Forum. All Rights Reserved. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.