Jazari has reportedly teamed up with Bud Financial to enhance Remit Now, Pay Later services, making remittances more accessible for migrant workers.
Jazari, the UK-based Fintech, is behind the ‘Remit Now, Pay Later’ platform.
By integrating Bud’s AI-powered financial data platform, Jazari is set to make cross-border money transfers even “faster, more cost-effective and accessible for migrant communities.”
Many migrant workers struggle with limited incomes and little access to credit, “making it difficult to support their families back home, especially in the face of rising living costs and inflation.”
Jazari says its innovative Remit Now, Pay Later solution helps these individuals send “up to 40% more by offering instant credit.”
Now, with Bud’s financial data capabilities, Jazari can “provide seamless access to credit and a more efficient remittance process.”
Co-founder and COO George Dunning has stated:
“Central to Bud’s mission is our goal of enabling financial data to support the average consumer – from insights to better understand their finances, to getting access to lines of credit previously not available to them. The work that the team at Jazari are doing is truly inspiring and meets real-world problems for underserved customers.”
Jazari’s Founder and CEO, Hasnain Sheikh, has shared:
“After an exhaustive search for the right partner, we’re thrilled to work with Bud, whose innovative financial connectivity and exceptional team made them the clear choice. Together, we’re embarking on an exciting journey to transform how migrant workers send and manage money, creating opportunities and breaking down barriers along the way.”
This partnership will now aim to help to make financial services more inclusive for “underserved communities.”
With Bud’s transaction enrichment and analysis powering Jazari’s platform, migrant workers are now able to take advantage of a frictionless remittance experience – helping them “support their families more effectively and work towards long-term financial stability.”