Southeast Asian fintech company BigPay has announced that it has added a slew of new countries to its international remittance service. These include all regions under the United Kingdom (UK), as well as 34 different countries in Europe.
Since its debut in September 2019, BigPay currently enables users to transfer money directly with no additional fees to bank accounts in Malaysia, Singapore, Thailand, Indonesia, the Philippines, Vietnam, China, India, Bangladesh, Nepal, and Australia. This recent update to its service adds countries including England, Northern Ireland, Scotland, Wales, France, Germany, Italy, Belgium, Spain, and more.
“Offering a low-cost, transparent, and accessible way of transferring money abroad through its mobile application is a cornerstone of BigPay’s financial inclusion strategy,” the company said in its press statement. “The addition of the United Kingdom and countries in Europe under its remittance feature plays a key role in further democratising the movement of money across a brand new region.”
To make an international bank transfer to the newly added aforementioned countries in the UK and Europe via the BigPay app, senders simply need to select the amount to remit, select the country, and enter the recipient’s bank details. In conjunction with this update, the fintech company is offering international transfers to these countries completely free of charge for a limited time. However, it did not say when this promotion will end.
BigPay says it will continue to expand the remittance feature to include more countries, though it did not mention any potential candidates or when such rollout is to be expected. It further notes the ability to accept incoming transfers from anywhere in the world with “the best exchange rates” will be added to its service in the near future.
And just in case you missed it, the Capital A-owned fintech company had recently introduced its new Stashes feature last month. This lets users set aside a desired amount of cash from their BigPay wallet into a separate pocket – enabling them to save up for a special occasion and so on.
(Source: BigPay press release)