Southeast Asian fintech leader BigPay announced today that it has reached a new milestone for its international remittance feature by achieving MYR 1 billion in Gross Transaction Value (GTV). Customers may send money abroad easily, cheaply, and openly with BigPay’s international remittance feature. Currently, BigPay offers services in 34 European nations, including France, Germany, Italy, Belgium, and Spain, as well as 45 corridors, including its most latest contributions of Northern Ireland, Scotland, and Wales in the United Kingdom.
In contrast to January 2022, BigPay most recently saw a 41% increase in overseas remittances in October 2022. The main corridors from Malaysia that receive the most remittances abroad are Indonesia, Thailand, Singapore, the Philippines, India, and China. Since its introduction in August 2022, the newest additions to its remittance corridors around the UK and EU have increased by 113% month over month.
“The ability to move money globally for our customers in a fast and cost-effective way has been a critical factor in how we have developed the remittance product,”
— Salim Dhanani, BigPay CEO and Co-Founder.
“We have continued to expand the corridors we serve and will continue to enhance the product overall. We are grateful for the support from all our customers that have helped us achieve this milestone”
he added.
BigPay currently allows users to transfer money directly to bank accounts in 34 countries in Europe, including France, Germany, Italy, Belgium, and Spain, as well as Singapore, Thailand, Indonesia, the Philippines, China, Vietnam, India, Bangladesh, Nepal, and Australia without paying any extra charges.
Driving financial accessibility and well-being has been a primary goal and objective of BigPay ever since its founding in 2017. The firm aims to broaden its services and launch new financial products throughout Southeast Asia in addition to assisting over 3 million people improve their financial situation.
For more information, visit the BigPay website at www.bigpayme.com.