Global Payments

Remitly Grows Global Footprint; MYOB Plans Omnichanel Gateway

The Axis

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Remitly’s coverage expansion and product enhancements, as the company grows to reach 40 countries. In addition, Vipps reportedly plans to collaborate with Alipay in Norway, and MYOB is launching an omnichannel payment gateway with the help of The ai Corporation to serve businesses in Australia and New Zealand.

Digital remittance company Remitly has rolled out new product enhancements and tripled its coverage around the world, the company said in an announcement. The firm noted that it now has a presence in 40 nations from Asia to Europe and South America as well as almost 600 send-to-receive corridor combinations. In addition, the expansion lets it serve another $168 billion slice of the world’s market for remittances. Remitly CEO and Co-Founder Matt Oppenheimer said, “Our global growth speaks both to the incredible demand for a better way to transfer money internationally, and the trust more and more customers are placing in us every day to help them and their loved ones.”

In Norway, Vipps reportedly plans to collaborate with Alipay to grow its payments offering, Reuters reported. The aim is reportedly to allow tourists from China to tap into the system and allow it to be utilized beyond Norway. A Vipps spokesperson said noted on Tuesday (Dec. 11), according to the news outlet, “this deal makes it easier for Norwegian restaurants, shops, hotels and tourist destinations to reach the ever-increasing proportion of Chinese tourists to Norway.” The news comes as the platform is said to be expanding globally — in the first half of next year, to Spain, with other countries in Europe reportedly to follow.

And Australian accounting and business solution provider MYOB is planning an omnichannel payment gateway with the help of The ai Corporation to its customers, according to reports. The aim of MYOB PayBy payment solutions and services is to provide business in New Zealand and Australia with faster payments as well as more control over the sales process. (Those efforts will be protected by The ai Corporation.) ai CEO Mark Goldspink said, according to reports, “The platform uses state-of-the-art technology, which delivers a user experience that is reliable, easy to use, and complementary to day-to-day transactional needs.”

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