Remitly Announces New Partnership With Novi For The Pilot Of Its Digital Wallet
October 19 2021 - 9:30AM
Business Wire
Remitly Global Inc. (NASDAQ: RELY), a leading digital financial
services provider for immigrants and their families, today
announced a partnership with Novi, a next generation digital
wallet. To support its pilot launch, Novi is leveraging Remitly’s
custom-built global network to enable cash pickup in Guatemala.
Remitly’s global payments network spans over 1,700 corridors,
serving customers in 17 countries, sending to over 115 receive
countries.
With the launch of the pilot program, Novi is enabling customers
to send and receive money using the Pax Dollar (USDP) stablecoin,
securely and without fees. In alignment with its mission, Remitly
is pleased to support Novi’s initiative to open new channels of
financial access and inclusion. Novi is now available to a limited
number of customers in the US and Guatemala.
Remitly launched Remitly For Developers, a cross-border payments
offering that leverages Remitly’s custom-built global network and
compliance and regulatory infrastructure in 2020. With Remitly for
Developers, businesses can integrate this network and
infrastructure into their applications and websites through a
simple API. This enables them to offer cross-border payments to
their customers and introduce new digital solutions in emerging
markets.
About Remitly
Remitly is a leading digital financial services provider for
immigrants and their families in over 135 countries around the
world. Its vision is to transform the lives of immigrants and their
families by providing the most trusted financial services on the
planet. Through its cross-border remittances, Remitly helps
immigrants send money home in a safe, reliable, and transparent
manner via its digitally-native app, which eliminates the long wait
times, complexities and fees typical of traditional remittance
processes. Passbook by Remitly, a money management app specifically
designed for immigrants in the United States, eliminates fees and
other common barriers to storing, spending, and sending money.
Remitly for Developers allows companies to offer locally relevant
payout options to customers with a simple API integration. Remitly
is headquartered in Seattle and has offices around the world,
including London, Kraków, Manila and Managua. For more information,
visit Remitly.com, Passbook.app, and developer.remitly.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211019005503/en/
Danielle Vincent remitly@inkhouse.com
Remitly Global (NASDAQ:RELY)
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