International money transfer company WorldRemit has partnered with Paykii to launch na international bill payments service using WorldRemit’s app. Recently, WorldRemit has announced several material partnerships including with Varo Money in the US, a digital bank, and Alipay – part of Ant Financial in China.
According to a release, the new service will enable users to directly pay bills in over 4o countries – including the UK, US, Canada, New Zealand and Australia. This is regardless of location.
Cath Rooney, head of product at WorldRemit, says their research indicates that customers regularly send money for specific purposes:
“This new service allowing our users to pay bills directly from abroad will make life easier for our customers, particularly in the current climate, by providing a convenient, end-to-end digital service,” she said.
The partnership enables users to make real-time balance inquiries and to direct funds where they need to be spent.
Fabian Saide, Co-Founder and CEO of Paykii added that a significant portion of the money sent as remittances ultimately goes to paying basic monthly household expenses.
“Now WorldRemit customers have another great service to better manage their global financial health by directly paying bills for their loved ones or themselves back home. WorldRemit and Paykii have worked closely to build a global bill payment experience that delivers ‘Peace of Mind’ by ensuring the timely payment of those essential family expenses.”
The service initially launches from 40 send countries to India, the world’s largest market for receiving international payments with over $80 billion USD crossing the border in 2019 according to data from the World Bank. More countries are slated to follow later in 2020.