Digital money transfer service WorldRemit and global money transfer firm Xpress Money have combined to create new remittance routes in Africa and Asia.
WorldRemit customers can access the Xpress Money agent partner network to make instant money transfers which can be collected as cash. The first countries included in the rollout include Algeria, Egypt, Ethiopia, Fiji, Lebanon, Pakistan, Sri Lanka and Tonga.
With the WorldRemit app or website, customers send more than 500,000 transfers every month to more than 125 destinations. WorldRemit, known as the ‘WhatsApp of money’, makes sending a remittance as easy as sending an instant message.
Press Money has 180,000 cash payment locations in 160 countries. Even with those impressive numbers, its COO said partnerships are crucial in order to grow the industry.
“The remittance industry is at a juncture where it is necessary for brands to collaborate for the sake of the industry at large,” Sudhesh Giriyan said. “We are happy to be setting the right example and hope for other brands to follow suit.”
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