Remitly Global Inc. Announces New Partnership with Novi for the Pilot of its Digital Wallet
October 19, 2021 at 09:30 am
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Remitly Global Inc. announced a partnership with Novi, a next generation digital wallet. To support its pilot launch, Novi is leveraging Remitly’s custom-built global network to enable cash pickup in Guatemala. Remitly’s global payments network spans over 1,700 corridors, serving customers in 17 countries, sending to over 115 receive countries. With the launch of the pilot program, Novi is enabling customers to send and receive money using the Pax Dollar (USDP) stablecoin, securely and without fees. In alignment with its mission, Remitly is pleased to support Novi’s initiative to open new channels of financial access and inclusion. Novi is now available to a limited number of customers in the US and Guatemala. Remitly launched Remitly For Developers, a cross-border payments offering that leverages Remitly’s custom-built global network and compliance and regulatory infrastructure in 2020. With Remitly for Developers, businesses can integrate this network and infrastructure into their applications and websites through a simple API. This enables them to offer cross-border payments to their customers and introduce new digital solutions in emerging markets.
Remitly Global, Inc. is a digital financial services provider for immigrants and their families in over 170 countries around the world. The Company helps customers send money internationally by leveraging digital channels and supporting cross-border transmissions across the globe. The Companyâs technology platform is purpose-built to localized consumer experiences, enables a robust network of partner integrations, and uses data to optimize business performance. The Company provides a digital cross-border remittance product that is accessible via its mobile app or the Web. It offers a mobile-centric suite of products, global network, localization expertise at scale and data-driven approach. Its mobile app for cross-border remittances provides an easy-to-use, end-to-end process. Its global network of funding and disbursement partnerships enables it to complete money transfers in over 5,000 corridors without the need to deploy local operations in each country.