In the UK, migrant workers from Africa, India and the Middle East can access the new Pipit cash-in service through the PayPoint network of more than 28,000 cash acceptance points across the UK.
Sending money back home to your family can be very expensive! In the UK the average cost to send cash abroad is up to 9.5%, so for example, if you were sending £120 from the UK to Africa it would cost roughly £11.40 in fees.
Although the cost has come down in recent years, it is still too high and is more than double the 3% cost target set by the United Nations.
At Pipit Global, we are very pleased to announce that we have formed a strategic partnership with global financial services provider, WariPay with the aim of bringing down the cost of sending money abroad. This partnership, developed for sending cash, enables migrant workers based in UK to send cash home, top-up eWallets, lodge to an overseas bank account and to pay bills for their families abroad.
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