WorldRemit launches money transfers to Bulgaria
Online money transfer service WorldRemit today launches transfers direct to bank accounts in Bulgaria
London, 11 May 2015: Online money transfer service WorldRemit today launches transfers direct to bank accounts in Bulgaria. Customers can now send money straight to the bank accounts of friends and family in Bulgaria in the currency of their send location or in Bulgarian leva.
WorldRemit provides a quick, convenient, and low-cost way for people to send money to friends and family abroad. People in 50 countries can send money to more than 120 destinations. Customers can use WorldRemit anytime, anywhere, on their smartphone, tablet, or computer.
Remittances are estimated to have contributed $1,719m to the Bulgarian economy in 2014, according to the World Bank. Turkey, Spain, Germany, and the United States are some of the biggest senders of remittances to Bulgaria.
Ismail Ahmed, Founder and CEO of WorldRemit said: “There’s now a convenient and low-cost way for people to send money to friends and family in Bulgaria. At WorldRemit we’re committed to pricing transparency – by allowing transfers in leva, customers can be confident that what they send will be what is received.”
In February 2015, WorldRemit received a $100m funding round led by Technology Crossover Ventures.
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