WorldRemit launches international money transfer service in Croatia
Migrants living in Croatia can now send digital money transfers to their loved ones at home in a few taps directly from their phone
Zagreb and London, 23 October 2018: Leading digital money transfer service WorldRemit has launched in Croatia, allowing customers to make fast, safe and low-cost digital money transfers abroad.
Croatia is an attractive market for WorldRemit as remittances from the country continue to rise. According to the World Bank, remittances from Croatia reached a record high of $300 million in 2017. Over 800,000 migrants live in the country, accounting for more than 20% of the total population.
Migrants from over 100 countries, including Bosnia and Herzegovina, Slovenia and Germany, can now send money from Croatia to support their loved ones back home, using the WorldRemit app or website.
WorldRemit handles a growing share of the global $600 billion migrant money transfer market - better known as remittances. The company processes over half of international money transfers to mobile money accounts - a pioneering emerging market technology whereby phone numbers act like bank accounts to receive and hold funds.
Tamer El-Emary, Chief Commercial Officer at WorldRemit comments: “Croatia is a richly diverse country, in which one in five members of the population are from abroad.
“As remittances from Croatia continue to rise, we are delighted to offer its migrants access to our best in class digital money transfer service, which is safer, faster and lower-cost than traditional offline money transfer methods.”
WorldRemit’s mobile-first, digital model saves customers time and money, as they do not have to visit a bricks and mortar agent to make transfers. Recipients can receive their money by bank transfer, cash pickup, mobile money or airtime top-up.