SEATTLE--(BUSINESS WIRE)--Remitly, an international online remittance service that enables residents of the U.S. to send money to the Philippines, has launched new versions of its mobile application for iOS and Android. With these faster, more dynamic, applications, sending money to the Philippines has never been easier. New features include hassle-free re-authentication with Apple’s Touch ID and real-time exchange rates on Android.
In addition to enhancing its industry-leading customer experience on mobile, Remitly announced that it is now transferring more than $100MM annually to Philippines, equating to a near 400% year-over-year growth rate.
Matt Oppenheimer, Co-Founder and CEO, stated, “We are transforming the international remittance industry with our leading mobile application. Hard-working customers deserve more and we’re proud to give it to them.” According to the World Bank Remitly is the best deal for sending $200 from the U.S. to the Philippines.
Remitly is a U.S.-based mobile payments service that enables its customers to send safe and convenient international money transfers. Its online service uses the latest technology and mobile devices to eliminate the forms, codes, agents, extra time and fees typical of traditional remittances. Remitly is a registered money services business and a licensed money transmitter operating in 34 states. The company is backed by Trilogy Partnership, QED Investors, Founders CoOp, Bezos Expeditions, and TomorrowVentures. Remitly is headquartered in Seattle, WA with additional offices in the Philippines.