Remittances provider Remitly expands service in Europe

Digital remittances provider Remitly is adding 11 new send countries across Europe, according to a press release.

"In one year we've expanded from three send countries to now serving 15, representing over $121 billion in remittance flows annually," Remitly chief product officer Remitly Karim Meghji said in the release. "This expansion brings Remitly's world-class product and technology to even more immigrant communities with the need to send money to their loved ones back home."

Remitly is now available in Austria, Belgium, Denmark, Finland, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Sweden, and the U.K. Outside of Europe, the services is available to customers in Australia, Canada and the U.S.

Customers in Europe will also experience a Remitly feature called the Perfect Delivery Promise, an exact date and time promise of when a sender and recipient can expect funds to be delivered. Once the Perfect Delivery Promise is provided to a customer, Remitly tracks the movement of funds to their destination, updating sender and recipient each step of the way.

Remitly said it partnered with payment processing platform, Stripe, to help process transactions in various European currencies.

Topics: Transaction Processing, Vault Cash / Cash Management

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