Leatherback simplifies cross-border payments for migrants in the UK
By Gloria Methri
Neo-banking platform Leatherback has launched its mobile app in the UK, making it easier for migrants and businesses to remit funds and conduct cross-border transactions in over 15 currencies across 21 different countries.
With SendR, Leatherback’s remittance product, students, medical migrants, remote workers, freelancers, parents, business owners, and others can send funds that beneficiaries can instantly receive in the currency of their choice, including GBP, USD, NGN, ZAR, CFA, EUR and more.
By leveraging advanced financial services technology and strategic partnerships with banking networks, Leatherback enables instant fund transfers for recipients to access when they need it.
Inspired by the leatherback turtle which is the world’s largest sea turtle and one of the most migratory sea animals, Leatherback enables users to seamlessly move money around the world to support their business and lifestyle needs.
Headquartered in London, Leatherback is regulated in the United Kingdom, Canada, Nigeria, and Ethiopia enabling the platform to effectively serve customers across a wide range of markets. Millions of individuals and businesses already use the platform to support their loved ones and maximise business opportunities.
With Leatherback, users can take advantage of a seamless, digital identity verification process, upfront low fees, real-time FX rates, and a secure, fast, and easy-to-use onboarding process to send and receive money. Users also have a range of payment options, including Pay by bank transfer, Pay with card, and Pay By Leatherback, where users can directly transfer money from their Leatherback currency account to their beneficiaries.
According to Toyeeb Ibrahim, CEO of Leatherback, “We understand the sacrifice that comes with living apart from loved ones and we want to remove the barriers that get in the way of contributing to their wellbeing while you are away. We want to make it as easy as possible to send money to loved ones wherever they are and our products have been designed with this mission in mind. We have launched in the UK and we have ambitions to grow into other markets to enable more opportunities for migrants and businesses across the world”.
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