Thursday
June 13
2019

WorldRemit Intros Money Transfer Service for SMEs

By Sibhale Malinga

Global digital money transfer firm WorldRemit has introduced a service that allows UK-based small and medium enterprises (SMEs) to make payments to their employees and contractors across the globe.

The new service, WorldRemit for Business, is now available to UK-registered businesses, with plans to expand to other countries. Using the Web or mobile app, the service allows businesses to seamlessly pay their employees and contractors in 140 countries worldwide, including fast-growing markets such as Ghana, Kenya and SA.

By extending its money transfer service to SMEs, WorldRemit says it aims to save businesses time and money when they make international payments.

The majority of companies still make international payments via their , despite high transaction fees and the often hidden costs levied on recipients.

Photo courtesy of ITU Pictures.

Source: ITWeb (link opens in a new window)

Categories
Finance
Tags
digital finance, digital payments, financial services, fintech, remittances, SMEs