AdminBigPay – a leading fintech company in Southeast Asia, announced that it has achieved a new milestone for its international remittance feature, achieving MYR 1 billion in Gross Transaction Value (GTV). BigPay’s international remittance feature provides customers with a convenient, affordable, and transparent way of sending money abroad. Currently, BigPay serves a total of 45 corridors including its latest addition of Northern Ireland, Scotland, and Wales in the United Kingdom, and 34 countries in Europe, including France, Germany, Italy, Belgium, and Spain.
Most recently, BigPay has recorded 41% growth in international remittances in October 2022, compared to January 2022. The top corridors that see the highest amount of outbound remittances from Malaysia include Indonesia, Thailand, Singapore, the Philippines, India, and China. The newest additions to its remittance corridors across the UK and EU have seen 113% month on month growth since its launch in August 2022.
“The ability to move money globally for our customers in a fast and cost effective way has been a critical factor in how we have developed the remittance product,” said Salim Dhanani, BigPay CEO and Co-Founder.
“We have continued to expand the corridors we serve and will continue to enhance the product overall. We are grateful for the support from all our customers that have helped us achieve this milestone” he added.
Currently, BigPay enables users to send money directly with no hidden fees to bank accounts in, Singapore, Thailand, Indonesia, the Philippines, China, Vietnam, India, Bangladesh, Nepal, Australia, England, Northern Ireland, Scotland, and Wales in the United Kingdom, and 34 countries in Europe, including France, Germany, Italy, Belgium, and Spain.
Since its inception in 2017, driving financial well-being and accessibility has been a core vision and mission of BigPay. In addition to helping over 3 million users improve their financial health, the company seeks to expand its services and introduce more financial products throughout the Southeast Asian region.
