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RedPlus partners with WorldRemit for instant money transfers to Panama

WorldRemit customers in over 50 countries can now send money securely to convenient cash pickup locations in Panama City

Panama City and London, 23 July 2018: Leading digital money transfer service WorldRemit has joined forces with RedPlus Panama to allow customers to send instant money transfers to three new cash pickup locations in the heart of Panama City.

The new partnership will allow the Panamanian diaspora in over 50 countries to send remittances as easily as sending an instant message using the WorldRemit app or website. Recipients can collect their cash at RedPlus branches in popular shopping centres in Panama City - Mall Multicentro, Mall Multiplaza Pacific and Sucursal de Albrookmall.

With a diaspora of almost 150,000 people living in countries including the United States, Canada and Australia, the World Bank estimates that Panama received over $500 million in remittances in 2017.

Erick Schneider, Head of LATAM at WorldRemit, comments: “We are delighted to be partnering with RedPlus, a trusted bureau de change in Panama that is renowned for its excellent customer service. Our partnership will give the Panamanian diaspora and their recipients a wider choice of convenient cash pickup locations in the capital city.”