WorldRemit says ‘thank you’ to NHS workers who selflessly look after our loved ones, by helping them with vouchers worth £50 per customer to use towards the money they send home to look after their loved ones around the globe.
More information on how to access this offer is available here.
Breon Corcoran, WorldRemit CEO, said: “We hope this gesture will go a small way towards helping our NHS staff look after friends and families across the world as well as they are looking after the British public. You look after our loved ones, this is our way of being there for you.”
This gesture comes against the backdrop of an international money transfer market transformed by the impact of Covid-19 on individuals and nations.
As countries across the globe impose lockdowns to prevent the spread of Covid-19, insights from international money transfer service WorldRemit show this is causing significant changes to the way people send money abroad.
In countries like the US, Canada, Spain, Italy and the UK where movement restrictions are in place, WorldRemit has seen an increase in customer acquisition throughout March. People who still need to send money abroad and have previously used traditional bricks and mortar agents are beginning to move to digital methods.
For the recipients of WorldRemit transfers, cash pick up is still available in most countries. However, data collected by WorldRemit in the last few weeks suggests that where cash pick up is limited due to lockdown, there has been a significant shift to digital. In countries such as Thailand and Fiji, the shift from physical payout to digital methods like mobile money, airtime top up or bank transfers during the first half of March.
Breon Corcoran continued: “Over the last few weeks we have seen a shift towards digital money transfer in preference to physical cash methods and this is likely to continue for as long as Covid-19 continues to be a threat. While it’s likely we will see some customers return to cash as their preferred method in the medium term, overall this trend will only accelerate the move towards mobile money and other forms of digital payment.”