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Remitly allowed people in 30 countries to carry out transfers of money in approximately 100 currencies to 170 countries, as of July 2024. [5] [13] The service operates electronically rather than via physical premises. Recipients in some countries might be able to receive funds via bank deposit, mobile money, and cash pickup.
Since Remitly was designed for immigrants, the company offers a number of features catered to their needs. ... For example, if the person you're sending money to needs to pick up the cash in ...
Remitly: This app adds the possibility of physically delivering the money to the recipient’s home instead of just a cash pickup or depositing it into a bank account. The rates vary by country ...
Sagrario first signed up for Remitly in 2020, since then, she has sent money 40 times, totaling nearly $6,000. ... we support more than 5 billion bank accounts and mobile wallets and 470,000 cash ...
The licensed money transmitter Western Union allows customers to designate a recipient who can pick up that money at any a Western Union agent. [9] Western Union also operates as bureau de change with a fee ranging from eight to twelve percent. Western Union is the world's leading handler of remittance and the 170,000 Western Union agents ...
Azimo offered money transfers to 190 receiving countries in over 80 different currencies. The company had half a million customers connected to its platform and offers more than 270,000 cash pick-up locations globally. [26] In 2016, an updated version of its app was launched with features including in-app chat and biometric security. [27]
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