Company goes live with Remitly, a global remittance company
Cross River Bank (“Cross River”), a leading innovator and provider of banking services for technology companies, announced that it has expanded its capabilities in push to card transactions over the debit card networks internationally, with digital remittance company Remitly among the first to use the services.
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“Cross River’s expansion into the international arena with our enhanced technology and leading payments capabilities will fundamentally change cross-border transactions, allowing consumers to receive funds across the globe,” said Gilles Gade, Founder, President, and CEO of Cross River. “With the current shift to online transactions, and limiting of human-to-human touch, today, more than ever, having a secure and reliable way of sending and receiving money is an integral part of daily life.”
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With Cross River as the settlement bank for push to card transactions, Remitly’s customers can receive disbursements in near real-time over the international debit card rails, through an efficient and secure platform. Remitly, a global remittance company that has served more than 2 million customers through its proprietary global money transfer network, is among the first partners using Cross River’s push to card capabilities for international disbursements.
“The need for remittances has never been greater for our customers, and we are committed to providing a service that is unparalleled in security and convenience,” said Matt Oppenheimer, CEO and Co-Founder of Remitly. “At the heart of what we do are the millions of immigrants around the globe to whom remittances are essential for supporting and staying connected with their loved ones. Our partnership with Cross River is the next step in providing them a faster, more transparent way to transfer money.”
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