18 June 2018
Visit www.avoka.com

Small World FS extends digital footprint in US and Europe

04 May 2016  |  2306 views  |  0 Source: Small World FS

Small World FS, Europe’s leading payment services provider, and a member of the Tech City UK Future Fifty cohort, today announced the launch of digital payment services in a number of new territories across Europe, extending its reach into Denmark, Austria, and Italy.

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.”

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit www.abe-eba.euVisit equensworldline.com

Who is commenting?

A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: Monzo launches bill tr...
A Finextra member Finextra Member Commented on: NatWest taps Open Bank...
A Finextra member Finextra Member Commented on: HSBC promises $17bn in...

Top topics

Most viewed Most shared
10,000 jobs could be lost to robots says Citi10,000 jobs could be lost to robots says C...
48539 views comments | 44 tweets | 35 linkedin
Ripple exec says DLT not ready for banks...yetRipple exec says DLT not ready for banks.....
10130 views comments | 9 tweets | 32 linkedin
UK launches £2.5bn startup initiativeUK launches £2.5bn startup initiative
9233 views comments | 30 tweets | 26 linkedin
HSBC promises $17bn investment in technologyHSBC promises $17bn investment in technolo...
8147 views comments | 8 tweets | 21 linkedin
NatWest taps Open Banking for cardless online paymentsNatWest taps Open Banking for cardless onl...
7990 views 11 comments | 12 tweets | 12 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job