Remitly Global Inc. (NASDAQ:RELY) is one of the 10 best payment processing stocks to buy now. The company's expansions into new geographies, through strategic integrations, support a favorable stance around the stock. On May 27, Remitly Global Inc. (NASDAQ:RELY) announced the integration of Bre-B, Colombia's national instant payment system backed by Banco de la República, into its remittance network.
With just the recipient's phone number, email address, or national ID connected to a partner bank account or digital wallet, customers can now send money to Colombia instantly and around the clock. In just 6 months, Bre-B has handled over 600 million transactions and accumulated over 34 million registered users, according to Banco de la República.
Copyright: sifotography / 123RF Stock Photo
Within 6 weeks of its inception, the remittance platform's Bre-B transaction volume tripled. Sending money is an act of care, according to Remitly Vice President Nick Moiseff, and this integration gives senders and recipients ******* urance that money will arrive promptly, consistently, and transparently.
The Bre-B system has also expanded the company's current payout network in Colombia, which already consists of cash pickup services, conventional bank deposits, and mobile wallets like Nequi, Daviplata, and Bancolombia A La Mano.
With just the recipient's phone number, email address, or national ID connected to a partner bank account or digital wallet, customers can now send money to Colombia instantly and around the clock. In just 6 months, Bre-B has handled over 600 million transactions and accumulated over 34 million registered users, according to Banco de la República.
Copyright: sifotography / 123RF Stock Photo
Within 6 weeks of its inception, the remittance platform's Bre-B transaction volume tripled. Sending money is an act of care, according to Remitly Vice President Nick Moiseff, and this integration gives senders and recipients ******* urance that money will arrive promptly, consistently, and transparently.
The Bre-B system has also expanded the company's current payout network in Colombia, which already consists of cash pickup services, conventional bank deposits, and mobile wallets like Nequi, Daviplata, and Bancolombia A La Mano.
4 months ago
