Paysend launches cross-border money transfers to Colombia with MOVii

Wednesday 2 March 2022 09:11 CET | News

Payments platform Paysend has announced the expansion of its cross-border money transfer offering to Colombia with mobile wallet service MOVii.

Using global payments infrastructure company Terrapay, Paysend will enable US and European customers to send money to their loved ones via MOVii mobile wallets and help banked and unbanked Colombians carry out financial transactions from their mobile phone, in real-time.

The payments platform company officials stated that global remittance plays an important role in the economic development in Latin America. Not only do cross-border money transfers increase investment opportunities and growth within the region, but it also helps to reduce poverty. Since nearly half of Paysend’s digital money transfers are sent from the US to Colombia, the company is continually finding new ways to help their customers stay connected to love ones, they added.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: cross-border payments, money transfer, digital wallet, financial inclusion, expansion
Categories: Payments & Commerce
Companies: MOVIi, Paysend
Countries: Latin America
This article is part of category

Payments & Commerce




Discover all the Company news on MOVIi and other articles related to MOVIi in The Paypers News, Reports, and insights on the payments and fintech industry: