Digital money transfer service firm WorldRemit has launched its instant remittance service in Hawaii.
Using the company’s mobile app or website, customers in Hawaii can transfer money to more than 140 countries as easily as sending an instant message.
Commenting on the launch, WorldRemit founder and CEO Ismail Ahmed said: “Hawaii is an under-served market when it comes to online money transfer services, despite the large number of migrants who regularly send money home.
“We’re excited to bring a fast, convenient service to the people of Hawaii. They can now send money as easily as an instant message – supporting the transition from costly offline remittances sent from bricks and mortar agents to faster, safer and lower cost online transfer methods.”
According to the World Bank, Hawaii has one of the highest percentages of foreign-born residents. Just under 120,000 of those were born in the Philippines, where remittances make up more than 10% of GDP.