The holiday season may have slowed down business this week, but it certainly hasn’t stopped the money transfer world from announcing some changes.
WorldRemit, Xpress Money Partnership Opens New Money Corridors
In early December of 2016, Money transfer service WorldRemit announced a new partnership with UK based global money transfer company Xpress Money. This partnership will bring more remittance routes to WorldRemit customers, particularly those desiring to send money to less serviced parts of Asia and Africa. The initial announcement in early December announced WorldRemit customers would now be able to send money to Algeria, Egypt, Ethiopia, Fiji, Lebanon, Pakistan, Sri Lanka and Tonga.
This week, WorldRemit and Xpress Money announced that WorldRemit customers will now be able to send money to both Bangladesh and Jordan. WorldRemit customers transferring money to recipients in either Bangladesh or Jordan can now send directly to bank accounts, mobile wallets and live Xpress Money Agents. As 2017 nears, we will almost certainly see more routes being introduced as a result of the partnership between WorldRemit and Xpress Money.
Tempo Money Transfer Expands its Operations in Nepal
Tempo Money Transfer, an international remittance company based in both France and Germany, announced a collaboration with their partner in Nepal, Samsara Money Transfer, to introduce the option of account crediting to Nepalese accounts. Customers will now be able to transfer money directly to Samsara affiliated accounts in Nepal from Tempo Money Transfer locations around Europe.
Mr. Jeffrey Phaneuf, President of Tempo France, was quoted as saying, “The ties between Nepal and the EU are growing ever more. The further development of this project, namely the introduction of account-crediting, will provide new options to send money to Nepal. The client market is very broad, including workers, migrants, students, businessmen all staying and working in Europe. They expect high quality services and affordable rates. That is our main angle and focus, working with our partners at Samsara.” Further elaborating on the partnership, the director of marketing and business development for Samsara, Mr. Suraj Chetri, commented, “We are continuously improving the quality of the services we provide to our clients and are always looking for new options to increase the level of convenience and effectiveness for our clients. Collaboration with Tempo presents a way to step up our activities in a very important segment such as Europe. That is why we are very happy to expand our work with them in implementing new products.”
The announcement comes at a time when money transfer routes to Nepal are becoming more common in international money transfer. With people from a variety of backgrounds sending money to Nepal, money transfer companies are seeing a need and catering to this growing demographic.