Remitly announces new partnership with Novi to pilot its digital wallet

SEATTLE – (COMMERCIAL THREAD) – Remitly Global Inc. (NASDAQ: RELY), a leading provider of digital financial services for immigrants and their families, today announced a partnership with Novi, a next-generation digital wallet. To support its pilot launch, Novi is leveraging Remitly’s personalized global network to enable cash withdrawals in Guatemala. Remitly’s global payment network spans more than 1,700 corridors, serving customers in 17 countries and sending shipments to more than 115 receiving countries.

With the launch of the pilot program, Novi allows customers to send and receive money using Pax Dollar (USDP) stablecoin, securely and at no cost. In line with its mission, Remitly is happy to support Novi’s initiative to open up new channels of financial access and inclusion. Novi is now available to a limited number of customers in the United States and Guatemala.

Remitly launched Remitly For Developers, a cross-border payments offering that leverages Remitly’s personalized global network and compliance and regulatory infrastructure in 2020. With Remitly for developers, companies can integrate this network and infrastructure into their applications and websites through a simple API. This allows them to offer cross-border payments to their customers and to introduce new digital solutions in emerging markets.

About Remitly

Remitly is a leading provider of digital financial services for immigrants and their families in more than 135 countries around the world. Its vision is to transform the lives of immigrants and their families by providing the most trusted financial services on the planet. Through its cross-border remittances, Remitly helps immigrants send money home securely, reliably and transparently through its native digital app, which eliminates the long wait times, complexities and fees typical of processes. traditional transfer. Passbook by Remitly, a money management app specifically designed for immigrants to the United States, eliminates fees and other common barriers to storing, spending, and sending money. Remitly for Developers enables businesses to deliver locally relevant payment options to customers with simple API integration. Remitly is headquartered in Seattle and has offices around the world including London, Krakow, Manila and Managua. For more information, visit Remitly.com, Passbook.app, and developer.remitly.com.

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