#Payments / WorldRemit To Buy Sendwave Amid Remittance Surge

WorldRemit, a digital cross-border payments company, has agreed to purchase Sendwave, a company specializing in remittances…

Sendwave, despite the acquisition, will operate on its own and retain control of its own mobile applications, brand, management, employees and key parties, the release stated.

[WorldRemit CEO said] … that both companies “share a common purpose: allowing customers to easily and cost effectively send financial support to families, friends and businesses in other countries.” … “WorldRemit has one of the broadest and most accessible networks for money transfers globally,” he said in the release. “Combining it with Sendwave, which offers instant, no/[low]-fee and fully digital payments from North America and Europe to Ghana, Nigeria, Senegal and East Africa, addresses customer needs for fast and secure digital payments…”