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April 4, 2019

Remitly rolls out money transfer service tailored for seafarers

Remitly has launched a remittance service, which will enable cruise ship workers or seafarers to transfer funds back home without leaving their ships.

Cruise ship workers can use a computer or the Remitly mobile app to make money transfers through the new offering- Remitly for Seafarers.

In order to send the money, all users need is a cruise ship identification card, a passport copy, along with a debit or credit card.

The service will initially support fund transfers to the Philippines, India, and Indonesia.

This relieves seafarers of the hassles of using kiosks at ports for money transfer.

Such kiosks are said to charge high fees for remittance.

To calculate the specific time recipients can expect the money, Remitly leverages mobile technology, machine learning, and integrations with partner banks and cash pickup locations.

Commenting on the development, Remitly CEO and co-founder Matt Oppenheimer said: “Seafarers make tremendous sacrifices for their families, leaving home for long periods of time to support their families and communities.

“We are thrilled by the success of Remitly for Seafarers and are confident this expansion of service will help more seafarers support their loved ones without the hardship, hassle, and high fees of traditional money transfer services.”

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