Remittance business WorldRemit and payments giant Alipay have launched a partnership.
In Brief:
Consumers will be able to use WorldRemit’s platform for crossborder remittances to the Alipay app.
Currently remittances are often done offline.
The partnership aims to make transfer services more convenient and inclusive.
What does this mean?
WorldRemit’s vision is to build a mobil-first service for remittances and the partnership will look at innovation, customer experience and speed to market. For Alipay, it’s one step on a journey to harness the power of digital and build a more inclusive financial services sector for underserved markets.
