WorldRemit new service to save Africa businesses

Leading digital money transfer company, WorldRemit (www.WorldRemit.com), has launched WorldRemit for Business (https://bit.ly/2wNtMPh), a new service that enables small and medium-sized business owners to quickly pay their employees and contractors in 140 countries worldwide, including fast-growing emerging markets such as Nigeria, Kenya, Ghana, and South Africa.

The platform will first be available to UK-registered businesses.

WR’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, WR will save businesses time and money when they make international payments.

Each year, the UK imports (https://bit.ly/31r2tZk) $471mi in goods and services from Ghana where SMEs represent (https://bit.ly/2ZiEF7X) about 85% of businesses. WorldRemit for Business will make it easier for local enterprises to receive payment by UK-based partners via bank account, mobile money and cash pick-up.

While some banks can take up to one week to process payments, WR transfers are processed within 24 hours or less.

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.”

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.”

WR customers complete over 1.4 million transfers every month from over 50 countries to over 140 destinations using its app or website and it remains committed to providing innovative solutions to meet money transfer needs across the world.

Visit the WR website for more information on how to send business payments (https://bit.ly/2IdNlXP).