Remitly, the largest independent digital remittance company in North America, has launched its award-winning service to France, making international money transfers more fair, transparent, and cost-effective when sending money from France to international destinations.
Remittances are important to the millions who rely on them. For many on the receiving end, remittances are a lifeline providing them with basic necessities. Traditional remittance players have pocketed billions of dollars of hard-working immigrants’ earnings in transfer fees and confusing exchange rates. This is money that could help improve their quality of life and provide them with upward mobility.
Over $21 billion is sent from France to other countries each year. That money is mostly sent by immigrant workers in France sending money to their loved ones in Morocco, Tunisia, and Senegal, among other countries.
“Remitly makes the process of sending money internationally faster, easier, more transparent, and less costly,” said Elena Novokreshchenova, vice president of Europe for Remitly. “We do this by eliminating the forms, codes, agents, extra time and fees typical of the traditional money transfer process. We’re thrilled to be in France where customers are increasingly transitioning away from traditional offline channels to more efficient and affordable digital channels.”
Customers can access the Remitly service through its mobile app or website and benefit from a variety of secure and convenient money sending and receiving options, including:
Remitly was established in 2011 to disrupt the $625 billion global remittance industry, and today transfers over $6 billion around the world annually through its proprietary global money transfer platform.