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Remitly Releases Update to Money Transfer Service to India

MediaInfoline September 7, 2018
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Today Remitly announced it has released an update to its money transfer service to India. The update moves its daily sending limit to $30,000 on money sent to India from the United States. The company also announces it has enlisted critically acclaimed Bollywood actor, R. Madhavan as its brand ambassador.

“The remittance industry is undergoing a rapid digital transformation and India is the top receiver of
remittances in the world, receiving over $69 billion in remittances in 2017, higher than any other country,”
said Matt Oppenheimer, Remitly CEO. “This is a credit to India’s overseas communities around the world.
They made the courageous decision to move to another country to live and work, sending their earnings back
to loved ones in India. We’re committed to this community and honored to make the experience of sending
money across borders easier for the hard-working individuals that contribute so much. We are delighted to
welcome R.Madhavan to the Remitly team and excited to launch our new campaign with him.”

Remitly helps individuals in the United States, United Kingdom, Canada, and Australia send money to India
easier, faster, and at a lower cost. The company remains committed to India’s overseas community as
evidenced by its growing partner network of over 150 banks for receivers in India and its recent update to the
U.S. to India daily sending limit.

“I look forward to working with the Remitly team to build deeper connections with Indian community
overseas in service of their mission to transform the lives of immigrants and their families around the world,”
said acclaimed Bollywood actor, R. Madhavan. “Remitly is excellent and makes it easier for NRIs to send
money to India.”

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