Digital money transfer service now offers cash pickup at 21 locations across the Maldives
Leading digital money transfer service WorldRemit has expanded its remittance services to the Maldives with the launch of new cash pickup locations across Male and other islands.
The Maldivian diaspora in over 50 countries will now be able to send remittances as easily as sending an instant message, using the WorldRemit app or website to any of the new cash pickup locations on 19 of the country’s islands.
WorldRemit’s mobile-first, digital model allows hard working migrants to send money in a few taps directly from their phones – without the need to visit or stand in line at a bricks and mortar agent.
The Maldives has a small but varied diaspora, with top migration destinations including Australia, Switzerland and Canada. The World Bank estimates that in 2015 the Maldives received $4 million dollars in overseas remittances.
WorldRemit’s Regional Director for Africa and the Middle East, Andrew Stewart comments: “These new cash pickup locations across the Maldives will provide the diaspora with a faster and more secure way to send money back to their families. Recipients will benefit from having a wider choice of locations, reducing the time and cost of travelling to Male to collect cash.”
In June, WorldRemit announced a global integration with Google’s Android Pay, followed by a partnership with Huawei’s mobile money platform across Africa. Recently, WorldRemit also announced a global partnership with Arsenal FC, becoming the club’s first official Online Money Transfer Partner. WorldRemit customers now complete over 750,000 transfers every month from 50 send countries to over 148 receiving destinations.
