WorldRemit teams up with Paykii
WorldRemit has announced its global partnership with cross-border bill pay solution Paykii.
The UK-founded online remittance service will launch international bill payments through its own app and website using Paykii’s technology.
Set to be available in more than 40 countries including the UK, USA, Canada, Australia and New Zealand, WorldRemit customers will be able to directly pay any electricity, mobile, internet, water or gas bills in their home country on behalf of their families.
“Our research shows that WorldRemit customers are regularly sending money for specific purposes, including bill payments which recipients pay in cash,” says WorldRemit’s head of product Cath Rooney.
“This new service allowing our users to pay bills directly from abroad will make life easier for our customers, particularly in the current climate, by providing a convenient, end-to-end digital service.”
WorldRemit customers can currently send money from 50 to 150 countries, through 6,500 different money transfer corridors worldwide. The firm says “more receiving countries will follow in 2020” for its new bill paying services.
Paykii, which also works with Western Union and PayPal’s Xoom, says introducing bill-paying features will help with the overall “global financial health” of remittance users.
“WorldRemit and Paykii have worked closely to build a global bill payment experience that delivers ‘peace of mind’ by ensuring the timely payment of those essential family expenses,” says Paykii’s co-founder and CEO Fabian Saide.
Paykii’s main receiving market is India, which saw more than $80 billion cross its border in 2019 according to the World Bank.