Global money transfer provider WorldRemit has launched a service to enable customers in 52 countries to use its application to send money to all Bosnian and Croatian bank accounts.
By using the WorldRemit app, Bosnians and Croatians living abroad can avoid trips to money transfer agent locations and send money at any time to friends and family in those countries, WorldRemit stated in a Sept. 2 press release.
“Trekking to an agent to send money abroad just doesn’t make sense – they’re old fashioned, inconvenient and charge eye watering fees for the privilege," Alix Murphy, senior mobile analyst at WorldRemit, said in the release.
The Bosnian and Croatian diaspora, or forced scattered populations, can download the WorldRemit app to make low-cost money transfers with just a few taps, Murphy added.
Past research revealed the Bosnian diaspora, estimated at 2 million people, sends $1.9 billion home each year, while the Croatian diaspora, at 4.5 million people, sends $1.5 million, WorldRemit said.
WorldRemit has been aggressively expanding its market and capabilities, adding service in the U.S. in November 2014.