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Remitly was founded in 2011 as BeamIt Mobile. [5] [6] The company was initially a search engine for remittance services but shifted into money transfers soon after. [6] It changed its name from BeamIt to Remitly in August 2012. [7] In April 2013, Remitly announced that it would allow its users to send free money transfers to the Philippines. [8]
This allowed customers to send money through any of the bank's 99 branches, or receive it directly into their accounts. [9] In 2014, the company launched Walmart-2-Walmart Powered by Ria, a Walmart money transfer service within the US. [10] The service allows customers to transfer money to and from more than 4,600 [11] stores at competitive ...
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The service is starting first in the US -- Remitly's biggest market today among its 16 "send from" countries and 47 "send to" countries. Money-transfer startup Remitly launches Passbook, a neobank ...
It’s important to note that fees can apply depending on how you send funds through the app. Money transfers with Cash App are free if you use your Cash App balance or a linked debit card to make ...
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