Opal Transfer, a London-based money transfer operator, has introduced a low-cost remittance service between Italy and the UK.

The service will facilitate money transfers between the two countries in both the directions, with remittances from Italy to the UK costing €1 and those from the UK to Italy costing 30 pence.

Opal said that the service is in response to growing demand and forms part of its broader plans to build footprint in new markets within the coming one year.

Moreover, the service also marks the debut of two way remittance between two countries in western Europe.

Opal Transfer managing director Gita Petkevica said: “The launch of this product shows we are responding to our clients’ needs, while still offering them the best and quickest money transfer service, at the lowest cost price.

“All fintech business need to continue to adapt and use cutting edge technology, but it is also important to remember that customers want to be able to speak to people as well. Our Italian speaking customer service team is an essential part of the service. Having access to an experienced executive to resolve any issues is crucial, something too many app only services forget, leaving their customers frustrated.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.