WorldRemit launches business payments service

blur cellphone communication 1391404African entrepreneurs and contractors selling goods and services to small and medium-sized enterprises (SMEs) in the UK can now receive payments faster and more conveniently following the launch of WorldRemit for Business

WorldRemit, a digital money transfer company, has launched WorldRemit for Business, a new service that enables small and medium-sized business owners to quickly pay their employees and contractors in 140 countries worldwide, including fast-growing emerging markets such as Kenya, Ghana, and South Africa.

The platform will first be available to UK-registered businesses.

WorldRemit’s low fees and exchange rates are shown up-front and customers can send money easily via the company’s website and app. By extending its money transfer service to SMEs, WorldRemit will save businesses time and money when they make international payments.

Customers sending funds abroad can easily track their transfers in real-time on the WorldRemit app and opt-in to receive daily exchange notifications to send money abroad at the optimal time.

Ismail Ahmed, Founder and Executive Chairman at WorldRemit, said, “ We are pleased to extend that service offering to businesses, and put an end to the steep fees that many pay, especially when sending to Kenya, Ghana and South Africa. We’re committed to making it quick, safe and easy for you to pay individuals across borders, leaving you to focus on growing your own business.”

Shane Lennox, senior product manager for business, added, “With more people moving and settling across borders, the nature of business is becoming increasingly global. This new product offering is catering for those in need of a digital service that solves a number of pain points faced by SMEs with international staff and contractors. This new product launch will enable millions of SMEs to benefit from our award-winning convenient service.”

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