22 July 2018
Visit www.avoka.com

WorldRemit connects with Hungary

03 November 2017  |  3453 views  |  0 Source: WorldRemit

Leading digital money transfer service WorldRemit has launched instant money transfers to Hungary.

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 new service lets migrants in over 50 countries send remittances directly to bank accounts in Hungary in a safe, quick and convenient way, using the WorldRemit app or website.

It is estimated that 600,000 Hungarians are working and living abroad, with top migration destinations including Germany, the United Kingdom, Austria, and Switzerland. Remittances play an important role in its economy and the World Bank estimates that the country received $4.5 billion in 2015, making Hungary one of the top remittance receiving countries in Europe.

Ismail Ahmed, founder and CEO at WorldRemit, comments: “Hungary’s diaspora has a growing need to access quick, secure and convenient money transfers. WorldRemit’s service answers that need. ”

“Now a Hungarian waiter, language interpreter or IT professional in London can transfer money back home as easily as sending an instant message.”

In June, WorldRemit announced a global integration with Google’s Android Pay. WorldRemit customers now complete 750,000 transfers every month from over 50 send countries to 148 receiving destinations.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit https://secure.vasco.comVisit iliad-solutions.com/Visit http://go.jumio.com/finextraAd

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13885 views comments | 7 tweets | 8 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
11492 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
10266 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
7652 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
7521 views comments | 2 tweets | 7 linkedin

Featured job

Find your next job