Remittance business WorldRemit and payments giant Alipay have launched a partnership.
In Brief:
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Consumers will be able to use WorldRemit’s platform for crossborder remittances to the Alipay app.
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Currently remittances are often done offline.
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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.
