TransferGo defies remittance predictions with all-time highs 

TransferGo has hit over £3billion in international money flows and over 10 million customer transactions.

In April 2020, the World Bank predicted the pandemic would cause the sharpest decline in remittances in recent history, and would ultimately affect providers in the market. However, TransferGo has proven that the migrant community continues to rely upon instant and affordable cross-border payments with registered customers on the platform increasing to 2.5million.

In fact, demand for global real-time transfer services has been so high that TransferGo has unlocked 95 new markets this year through key industry partnerships with Mastercard and Visa. By integrating with Mastercard Send™ and Visa’s real-time push payments platform, Visa Direct, TransferGo has empowered new customers in countries like Nigeria, Moldova, Georgia, Ghana, Saudi Arabia and Vietnam to send payments directly to a card without having to navigate online banking or find the International Banking Account Number.

This heightened interest for globally accessible money transfer services has enabled TransferGo to explore send-markets outside of the European Economic Area for the first time. By working with Birleşik Ödeme, a leading Turkish payment services company, TransferGo has become available to consumers in Turkey looking to take advantage of high speed, low fee cross-border payments.

 Daumantas Dvilinskas, CEO and Co-Founder of TransferGo said: “This milestones are in honour of our fantastic employees and their endeavours to put our customers’ needs at the heart of everything we do. We have always championed fast, cost-effective and simple money transfers and despite the challenges of the last year, our programme of innovation and expansion has paid dividends in accomplishing what matters most – keeping the migrant community in touch with friends and family back home.”

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