The news comes hard on the heels of the launch of digital services across 17 states in the USA and the launch of the Small World Money Transfer App, offering customers a secure, fast and inexpensive way to send money using their Apple and Android phones.

With digital services now live in Denmark, Austria, Italy - adding to the 15 European countries already sending money digitally - Small World FS customers across Europe and the US now have improved access to the full range of integrated digital, physical and mobile international payment services.

According to the World Bank, this year the number of international migrants is expected to reach a new record of 250 million people, with the United States remaining as both the main source of remittances - with an estimated US$56.3 billion in outflows in 2014 - and as the top migrant destination.

Nick Day, CEO, Small World FS, commented: “The international payments market is developing at an unbelievable speed, powered by growing levels of migration, globalisation and technological evolution. At this time our focus remains on providing enhanced direct-to-bank money transfer options, using our truly global presence to offer an international payment service that is both convenient and cost effective."

“Today’s announcement sees us extend our digital offering to customers in the US and further across Europe, while the Small World Money Transfer App opens up an exciting opportunity to really shake up the mobile payments market with the ability to send money to loved ones with just one swipe. This combined physical, digital and mobile solution, combined with a choice of cash payout options and the industry’s leading direct-to-account solutions has really set us apart from our competitors - and it’s great to see from our growth rates that customers clearly love the services. We look forward to helping more customers move their money around the world, quickly and efficiently.”