Brands
Leading
digital money transfer company WorldRemit (www.WorldRemit.com) has launched
WorldRemit for Business, a new service that enables small and medium-sized
business owners to quickly pay employees and contractors in 140 countries
worldwide, including fast-growing markets such as Nigeria, Ghana, Kenya, and
South Africa. The platform will first be available to U.K.-registered
businesses.
WorldRemit’s
low fees and exchange rates are shown up-front and customers can send money
easily via the company’s website and app. By extending its money transfer
service to SMEs, WorldRemit will save businesses time and money when they make
international payments.
Each
year, the UK imports $2 billion in goods and services from Nigeria, where SMEs
account (https://pwc.to/2Re1abj) for 96% of businesses and 84% of employment.
WorldRemit for Business will make it easier individuals to receive payment by
UK-based partners via bank transfer to GT Bank accounts. While some banks can
take up to one week to process payments, WorldRemit transfers to Nigeria are
processed instantly.
Customers
sending funds abroad can easily track their transfers in real-time on the
WorldRemit app and opt-in to receive daily exchange notifications to send money
abroad at the optimal time.
Ismail
Ahmed, Founder and Executive Chairman at WorldRemit, comments: “When I first
started WorldRemit, I was frustrated with the high charges and long delays in
sending money abroad both as a business owner and consumer. Over the past 9
years, we’ve made it easier for 4 million people around the globe to send and
receive money.
Today,
we’re pleased to extend that service offering to businesses, and put an end to
the steep fees that many businesses have to pay, especially when sending to
Nigeria. We’re committed to making it quick, safe and easy for you to pay
individuals across borders, leaving you to focus on growing your own business.”
Shane
Lennox, Senior Product Manager for Business, comments: “With more people moving
and settling across borders, the nature of business is becoming increasingly
global. This new product offering is catering for those in need of a digital
service that solves a number of pain points faced by SMEs with international
staff and contractors. This new product launch will enable millions of SMEs to
benefit from our award-winning convenient service.”
WorldRemit
customers complete over 1.4 million transfers every month from over 50
countries to over 140 destinations using its app or website and remains
committed to providing innovative solutions to meet money transfer needs across
the world. In addition to partnering with Nigerian Banks including First Bank
of Nigeria Plc, Access Bank Plc, Fidelity Bank Plc for instant digital money
transfers. In April 2019 the company launched international transfers to Paga
mobile money accounts.
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