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TransferGo reaches two million customers, launches in 11 markets

By Sunniva Kolostyak

June 17, 2020

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TransferGo has revealed the launch of its services in 11 countries and announced that its customer base is growing by thousands each day, having now surpassed the two million mark globally.

Despite Covid-19, the money transfer service has seen significant growth over the past few months and is now available in countries such as Japan, New Zealand, Saudi Arabia, Singapore and Ghana.

TransferGo logoTransferGo CEO and co-founder, Daumantas Dvilinskas said: “We are thrilled that so many people across the world are using TransferGo to send money overseas. We strive to put our users at the forefront of everything we do and reaching this milestone is testament to the customer-centricity of our business.”

Since launching, TransferGo has facilitated over seven million transactions, with the number of remittances made daily increasing significantly since many countries went into lockdown earlier this year.

The company’s user base is predominantly made up of migrants who send money home to their families.

Dvilinskas added: “With footfall decreasing dramatically in high-street financial services companies, anyone looking to send money abroad to friends and family has become reliant on digital-first money transfer services. With a continued march towards a cashless society, our service is becoming more vital than ever, and we’re working diligently to support the evolving needs of both new and existing customers in these challenging circumstances.”

In May, TransferGo extended its partnership with compliance screening services provider RDC for a term of three years. The FinTech leverages RDC’s customer screening technology for fighting financial crime ahead of their e-money institution (EMI) licence activation.

TransferGo also announced a partnership with UK-based foreign exchange and payments provider IFX Payments in bid to enable donations in 39 different currencies to Lithuania’s COVID-19 relief fund.

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