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January 20, 2022
Finance Technologies

Stripe aiding Remitly’s remittances throughout Europe

Remitly, a US-based remittance firm, has partnered with paytech Stripe to help process transactions in European countries.

Karim Meghji, chief product officer at Remitly, says Stripe was “a natural partner choice”, praising its “global, robust and high-quality payment processing platform” and its ability to support Remitly’s “mission to serve immigrant communities”.

Remitly is also expanding to 11 new send countries across Europe, bringing the total to 15. According to Meghji, this represents over $121 billion in remittance flows annually. It is now available in Austria, Belgium, Denmark, Finland, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Sweden, and the UK. Outside of Europe, Remitly is present in Australia, Canada, and the US.

Remitly allows consumers to transfer through its mobile app, which offers features like Perfect Delivery Promise, an exact date and time promise of when a customer and their recipient can expect the funds to arrive.

It supports money transfers into bank accounts, home delivery or cash pick-up, to help reach recipients anywhere.

Back in July, Stripe unveiled a platform for creating, distributing, and managing physical and virtual cards via the magic of APIs.

Stripe aiding Remitly’s remittances throughout Europe
Stripe aiding Remitly’s remittances throughout Europe

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