UK-based money transfer app PassTo expands remittance service

By Megha Bhattacharya

London-based money transfer app PassTo has expanded its remittance service to over 50+ countries worldwide. PassTo stated that it has developed an in-house algorithm that compares the market on behalf of its customers, delivering deals in real-time ensuring that users are getting the best rate out of all.

“When we first started the company we had a clear objective with PassTo, to create a money transfer app that saves its users time, effort, and money by simplifying money transfers currently for expats living in the UK, sparing them loads unnecessary costs and delays.” AbdelRahman El-Sergani, PassTo’s VP said. ” And right now, we are totally convinced that these deals will bring us another step closer to achieving our goal, to give expats around the world a simplified banking experience in which they could count on.”

PassTo launched in late 2019, is a trading brand of Blabla Connect Limited, a UK technology business founded in 2012, owning and managing the Blabla Connect app, with over 2 million downloads worldwide, both apps are available free from Google Play and the Apple app store.

“We’re constantly looking for futuristic solutions,” AbdelRahman added. “That’s why we’ve developed an algorithm to give users the best possible price out of all 4 of our new providers, we’re basically putting our providers in a competition for our customers’ business.”