STICPAY, a leading global e-wallet service provider and payment gateway, today announces a major increase in the number of countries and currencies it offers money transfers to as it aims to meet the growing demand for cross-border payments.

Its enhanced transfer service offers faster, more transparent and more convenient payments in 150-plus currencies, giving users the option to send and receive funds to bank accounts, via digital and mobile wallets and in cash. The platform also enables trackable payments and gives additional visibility on fees and estimated delivery times.

STICPAY will offer the new features to both its individual and corporate clients. Its global network reaches more than 1 million consumers worldwide, spread across over 160 countries.

STICPAY is also widely used by businesses and merchants that sell their services globally, with more than 5,000 businesses connected on the STICPAY e-wallet platform.

The new STICPAY features come at a time when cross-border transactions are increasing rapidly, with FXC Intelligence estimates putting the consumer-to-consumer market size at US$1.8 trillion in 2023. While consumer-initiated cross-border payments are expected to continue to be significantly lower than B2B transactions, they are predicted to grow more rapidly. FXC Intelligence predicts the size of this market will grow by 80% by 2030 to US$3.3 trillion.

Sean Park, CEO at STICPAY, said:

“We’re extremely excited to be expanding our offering as both our consumer and business customer bases continue to grow. We are always striving to enhance our offerings and provide users with greater transparency, ease of use and security. These enhancements, in turn, help us with our core mission of expanding access to financial services to an increasing number of people and countries across the globe.”