Leading online remittance company has120,000 Filipino migrants in its sights
London and Denver, 21 March 2017 – WorldRemit, the leading onlinemoney transfer service, has launched in Hawaii.
Customers in Hawaii can now send money to over 140 destinations as easily assending an instant message, using the WorldRemit smartphone app or website.
The United States is the world’s biggest sender of remittances, totaling almost$135bn each year.
Just under 2 million Filipinos were living in the US in 2015 – one of thelargest migrant groups in the country, according to the Migration Policy Institute.
Hawaii numbers amongst the most diverse states, and has one of the highest percentagesof foreign-born residents. Just under 120,000 of those were born in thePhilippines, where remittances make up more than 10% of GDP, according to theWorld Bank.
Globally, WorldRemit customers send over 580,000 transfers every month to morethan 140 destinations. WorldRemit makessending money home as easy as sending an instant message.
Ismail Ahmed, founder and CEO at WorldRemit, comments: “Hawaii is anunder-served market when it comes to online money transfer services, despitethe large number of migrants who regularly send money home.
“We’re excited to bring a fast, convenient service to the people of Hawaii.They can now send money as easily as an instant message – supporting thetransition from costly offline remittances sent from bricks and mortar agentsto faster, safer and lower cost online transfer methods”.
WorldRemit is changing the way people send money.
It’s easy – just open the app or visit the website – no more agents.
Transfers to most countries are instant – send moneylike an instant message.
More ways to receive (Mobile Money, bank transfer, cashpickup).
Available in over 50 countries and 140+ destinations.
Backed by Accel Partners and TCV – investors inFacebook, Spotify, Netflix and Slack
WorldRemit’s globalheadquarters are in London, UK with regional offices in the United States,Canada, South Africa, Singapore, the Philippines, Japan, Australia and NewZealand.