LONDON--(BUSINESS WIRE)--Leading online international money transfer company WorldRemit has joined forces with Paykii to launch international bill payments using the WorldRemit app or website. The new service which is available from over 40 send countries including, UK, USA, Canada, and Australia and New Zealand, will enable WorldRemit customers to directly pay electricity, telephone, mobile, internet, water and gas bills in their home country for their families or themselves.
“Our research shows that WorldRemit customers are regularly sending money for specific purposes, including bill payments which recipients pay in cash. This new service allowing our users to pay bills directly from abroad will make life easier for our customers, particularly in the current climate, by providing a convenient, end-to-end digital service,” said Cath Rooney, head of product, WorldRemit.
The partnership between WorldRemit and Paykii allows WorldRemit customers to make real-time balance inquiries and to direct funds where they need to be spent. Most household bills are a regular occurrence, and being able to use just an account or phone number, It becomes really simple and easy for users to pay their expenses.
Fabian Saide, Co-Founder/CEO of Paykii stated “A significant portion of the money sent as remittances ultimately goes to paying basic monthly household expenses. Now WorldRemit customers have another great service to better manage their global financial health by directly paying bills for their loved ones or themselves back home. WorldRemit and Paykii have worked closely to build a global bill payment experience that delivers ‘Peace of Mind’ by ensuring the timely payment of those essential family expenses.”
The service initially launches from 40 send countries to India, the world’s largest market for receiving international payments with over $80 billion USD crossing the border in 2019 according to data from the World Bank1. More receiving countries will follow in 2020.
WorldRemit is a leading UK fintech providing international money transfer services. We disrupted an industry previously dominated by offline legacy players by taking international money transfers online - making them safer, faster and lower-cost. We currently send from 50 to 150 countries, operate in 6,500 money transfer corridors worldwide and employ over 800 people worldwide.
On the sending side WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of options including bank deposit, cash collection, mobile airtime top-up and mobile money.
Backed by Accel, TCV and Leapfrog – WorldRemit’s headquarters are in London, UK with a global presence including in the United States, Canada, South Africa, Japan, Singapore, the Philippines, Australia and New Zealand.
For more information visit www.worldremit.com
Paykii is the world’s foremost global bill payment hub with a unique set of payment rails. It provides a B2B technology solution to financial service providers that enables their customers in one country to directly pay expenses for their family members back home making quick, simple and safe payments for electricity, water, internet, telephone, mobile, cable, satellite and other necessary utilities in their home country. Paykii offers bill payment services to over 20+ countries in Latin America, Asia, Africa and the Middle East. For more information visit www.paykii.com.
1 Annual Remittance Inflows (as of Oct 2019) - World Bank