Earlier this week, London-based fintech Opal Transfer announced it is launching a new money transfer service between Ukraine and Poland. Incorporated in 2003, Opal Transfer specializes in foreign exchange money transfers to and from Eastern Europe, Latvia, Lithuania, Estonia, Poland, Bulgaria, Slovakia and Czech Republic. The company stated:
“Through the continuous exchange of information, new concepts and ideas gathered from numerous seminars and conferences dedicated to the business of transmitting funds, Opal Transfer are developing further products whilst maintaining high levels of customer service. It is our sincere belief that understanding our customer’s diverse global requirements is crucial.”
According to Finextra, more than two million Ukrainians who are working in Poland will be able to use the Opal Transfer app to receive and transfer money. Gita Petkevica, Managing Director of Opal Transfer stated:
“Opal Transfer will be able to transfer hard earned money back to the Ukraine almost instantly which is going to have a direct impact on the lives of more than a million hard working Ukrainians. And what is even more exciting, we offer very competitive price – only 5 Polish Zloty. Whether you’re a Ukrainian teacher, builder or technician, Opal Transfer’s service is about making your money transfers cost effective and speedy. Innovation is absolutely at the core of what we do as a London-based European fintech company, making it as efficient and speedy as possible for the customer. The app initiative is about a desire to act quickly on what our customers are telling us. This product enhances our offering to our customers with more to come as we continue to grow and expand into new markets across the continent.”
Opal Transfer is Authorized Payment Institution by FCA since 2011 and is registered with HMRC under Money Laundering Regulations.