WorldRemit, a London-based online money transfer service, has introduced its remittance services to Bosnia and Croatia.

The remittance service will allow customers in 52 countries to now transfer money from the WorldRemit app to all Bosnian and Croatian bank accounts.

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Using the WorldRemit app, customers can send quick and low-cost money transfers to their friends and family back home, 24/7.

Bosnian diaspora, estimated at two million people worldwide, remits $1.993bn home per year, while the Croatian diaspora, numbering some 4.5 million, sends $1.524bn home each year, according to WorldRemit.

WorldRemit senior mobile analyst Alix Murphy said: "The Bosnian and Croatian diaspora can now download the WorldRemit app and make low-cost money transfers with just a few taps. We make sending money as easy as sending an instant message."

In February 2015, WorldRemit raised $100m in a funding round led by Technology Crossover Ventures (TCV).

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