WorldRemit opens route to Bosnia and Croatia
WorldRemit, ‘the WhatsApp of money’, today launches remittances to Bosnia and Croatia.
Most Bosnians and Croatians living abroad usually have to make inconvenient trips to expensive money transfer agents. With the WorldRemit app, they can now send quick and low-cost money transfers to their friends and family back home, 24/7.
The Bosnian diaspora, estimated at 2 million people worldwide, sends $1.993 billion home each year, while the Croatian diaspora, numbering some 4.5 million, sends $1.524 billion home each year.
Alix Murphy, senior mobile analyst at WorldRemit, comments: “Trekking to an agent to send money abroad just doesn’t make sense – they’re old fashioned, inconvenient and charge eye watering fees for the privilege. The Bosnian and Croatian diaspora can now download the WorldRemit app and make low-cost money transfers with just a few taps. We make sending money as easy as sending an instant message.”
In February 2015 WorldRemit received a $100m investment round led by Technology Crossover Ventures, early investors in Facebook, Spotify and Dropbox.