Remitly Remittance Company Nears $1 Billion in Annualized Mobile Money Transfers Mike Dautner - Payment Week
go to original January 12, 2016

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

Remitly has announced that its customers are on track to reach $1 billion annually due to the rate of transfers recorded in December.

In addition, the World Bank is anticipating remittances to reach more than $588 Billion in 2015. Perhaps even more interesting is how 74 percent of these remittances are going to developing countries.

Remitly makes money transfers from the United States to the Philippines, India, and Mexico. These three nations alone account for over 35 percent of all remittances originating in the U.S. The company plans to continue to take a customer geared approach by zeroing in on the largest markets as they grow on a global scale.

Top receiving cities include Tijuana, and top sending cities include Houston to Mexico.

For more info visit the website at Remitly.com

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