Remitly, Xpress Money partner to expand cross-border money transfer services

November 21st, 2019: 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.

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.”

About ‘Xpress Money’:

Incorporated in 1999, 'Xpress Money' is a global money transfer brand with a thriving presence in more than 170 countries across the globe through partnerships that have a network of over 200,000 locations. It is one of the most dependable and renowned international money transfer brands across the globe. 'Xpress Money' provides customers convenient, simple and secure ways to transfer money across geographies. Its widespread network is strengthened by collaborations with renowned organizations that include international money transfer operators (IMTOs), banking as well as non-banking institutions, retail chains, online remittance players and fintech companies. Xpress Money's state of the art compliance and security policies ensure customers a secure and hassle-free money transfer process.

Xpress Money is part of Finablr, a global platform for Payments and Foreign Exchange solutions. With deep regulatory know-how, technology expertise and industry leading partnerships, Finablr companies provide a broad array of tailored and trusted financial solutions for consumers and businesses. With a global reach spanning 170+ countries, Finablr companies processed over 150 million transactions in 2018, managing nearly USD 115 billion for customers.

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