Remitly Now Offers Fast Money Transfers to Mexico Taylor Soper - Geekwire
go to original October 26, 2015

About Remitly 2015: A short video not just on what we do, but why we do it. (Remitly, Inc.)

The Seattle-based startup, which allows users to send money overseas, today announced its newest destination country. Remitly’s platform now includes most major banks in Mexico and more than 11,000 pickup locations across the country, which the company notes as the “world’s single largest corridor for international money transfers” with more than $24 billion transferred annually.

Remitly helps people send more than $500 million annually to the Philippines, India, and now Mexico. The company is able to charge an average fee of 2 percent to send money internationally — Remitly CEO Matt Oppenheimer says that on average, competitors charge customers a 7.9 percent fee on average — by eliminating the need for forms, codes, agents, and other fees typically associated with the international money transfer process.

For more info visit the website at Remitly.com

Read the rest at Geekwire

Related: Remitly Brings Fast and Affordable Remittance Service to Largest Corridor for International Money Transfers (Marketwatch)

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