Moneyto Ltd has entered into the agreement with I-Transfer Global Payments EP SA enabling Moneyto customers to pick-up cash in Italy.
Money transfers from the UK to Italy is historically a very robust corridor as many Italians find either a temporary work in the UK or settle there for good. With family ties remaining particularly strong in Italy, the regular money transfers to the parents and other family members, still remaining in Italy, is a widely spread phenomenon.
Oftentimes, however, these transfers are either costly or restrictive in the way they are being executed. Providing cash pick-ups in a matter of minutes, Moneyto gives customers a choice, as to how they want to get their remittances done.
In 2017 alone, Italians transferred, according to the British comparison website Finder.com, from the UK back to Italy, in excess of a staggering 350 million pounds.
Says Moneyto CEO Galina Selicka: Italy is clearly an important part of our roadmap to expand Moneyto presence in continental Europe. Addition of 150 outlets-strong network in Italy is an important milestone, and we look forward to working together with I-Transfer team to further enhance our services to hard-working migrants and their families.”