WorldRemit, an online money transfer service, and Xpress Money, a global leading money transfer brand, have announced a partnership to open up new remittance routes across Africa and Asia.

Through Xpress Money’s extensive agent partner network, WorldRemit customers will be able to make secure, instant money transfers to be collected as cash, said a statement from the money transfer brand.

Initial countries in the rollout will include Algeria, Egypt, Ethiopia, Fiji, Lebanon, Pakistan, Sri Lanka and Tonga, it said.

Over the next few months, customers will also be able to receive money transfers in their bank accounts, mobile wallets, etc, it added.  

With the WorldRemit app or website, customers send more than 500,000 transfers every month to more than 125 destinations, said a statement.

Xpress Money is one of the fastest growing instant money transfer companies, present in 160 countries through 180, 000 cash payout locations across the globe. It has regional offices in 25 countries including the US, UK, Canada, Australia, Hong Kong, Philippines, India and the UAE, amongst others.

Xpress Money offers convenient services to its customers globally, which include cash payouts, account credits, remit card or ATM, mobile wallets and door delivery services, it said.

Ismail Ahmed, founder and CEO, 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,” he added.

Sudhesh Giriyan, chief operating officer, Xpress Money, said: “Customer convenience ranks high on our list of priorities; through this partnership we are elevating our customers’ level of convenience as they can now send money at their fingertips, whenever they want, through the WorldRemit app or website.”

“The remittance industry is at a juncture where collaboration is necessary for brands in order to develop the sector as a whole, and we are happy to be setting the right example and hope for other brands to follow suit,” he concluded. – TradeArabia News Service