Remitly Makes Visa Direct Real-Time Payments Platform Available to Customers in Canada
October 13 2022 - 9:00AM
Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a leading digital
financial services provider for immigrants and their families,
today announced the expansion of its relationship with Visa by
making Visa Direct, Visa’s real-time push payments platform,
available to Remitly customers in Canada.[1] According to the World
Bank, more than $6.5 billion in personal remittances are sent
annually from Canada. Now, Remitly customers in Canada will be able
to send funds to eligible recipients in more than 100 countries
around the world with a broader array of payout options that will
now include Visa cards, in addition to the pre-existing bank
account, digital wallet, and cash payout options.
“At Remitly, we know that remittances are global, but customers
are local,” said Milkana Brace, VP of Global Disbursement Network,
Remitly. “Our commitment to our customers compels us to understand
and deliver locally relevant payment options to our customers
around the world. We are proud to add Visa Direct as an additional
option for our customers in Canada as we move toward our vision of
becoming the most trusted financial services provider for
immigrants and their families.”
“Remittances are a lifeline for the 250 million migrant workers
around the world who rely on this service to quickly and securely
move money to their families,” said Jim Filice, VP and Head of New
Payments, Visa Canada. “With this collaboration with Remitly, we’re
unlocking new opportunities to help give Canadians more choice and
flexibility to digitally send funds around the world.”
Since March 2020, Remitly has expanded its collaboration with
Visa, and Remitly customers can now send from 18 countries to bank
accounts in more than 100 countries using Visa Direct. Remitly’s
integration of Visa Direct lets customers send money
internationally directly to bank accounts by simply providing their
recipient's name and 16-digit Visa debit card number.
For more information about Remitly, please visit
www.remitly.com.
About Remitly
Remitly is a leading digital financial services provider for
immigrants and their families in over 170 countries around the
world. Remitly helps immigrants send money home in a safe, reliable
and transparent manner. Its digitally-native, cross-border
remittance app eliminates the long wait times, complexities and
fees typical of traditional remittance processes. Building on its
strong foundation, Remitly is expanding its suite of products to
further its mission and transform financial services for immigrants
all around the world. Founded in 2011, Remitly is headquartered in
Seattle and has seven global offices, including London, Cork,
Singapore, Manila and Managua.
Media Contact:Adam Cormieradamc@remitly.com
[1] Actual fund availability depends on receiving financial
institution and region. Visa Direct is made available through
Remitly’s licensed Visa acquirer and payment processor.
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