WorldRemit, a UK-based digital money transfer service, has signed a partnership agreement with money transfer company Xpress Money to open up new remittance routes across Africa and Asia.
The deal will enable WorldRemit customers to make secure, instant money transfers through Xpress Money’s agent partner network.
Go deeper with GlobalData
Countries to be included in the new combined network include Algeria, Egypt, Ethiopia, Fiji, Lebanon, Pakistan, Sri Lanka and Tonga.
Over the coming months, customers in those regions will be able to send and receive money to their bank accounts and mobile wallets, according to a statement.
Ismail Ahmed, founder and CEO at WorldRemit, said: “We want to offer our customers the widest and most convenient choice of payout options. Xpress Money is a trusted and dependable money transfer brand with a fantastic network of agents across the world. Our partnership will extend our footprint into new territories and will enable even more people to make secure, instant money transfers.”
Xpress Money COO Sudhesh Giriyan added, “It is ideal to have partnered with a like- minded brand as WorldRemit, that is also working towards a similar objective that benefits the end customer. The remittance industry is at a juncture where it is necessary for brands to collaborate for the sake of the industry at large. We are happy to be setting the right example and hope for other brands to follow suit.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
