Remitly, a mobile platform that makes it easier for customers to send money abroad, is expanding its footprint in Latin America.
The Seattle company announced a partnership with international remittance processor UniTeller today. As part of the deal, Remitly is adding 10,000 new cash payout locations in Latin America, bringing the total network in the region to 31,000 locations.
When Remitly customers send money to friends and family in other countries, they can either deposit the funds into a bank account or send them to partner organizations, where the cash can be picked up. Today’s announcement means there will be more locations for recipients of remittances to collect their cash.
Remitly expanded its service to Mexico in late 2015 and added seven more countries in Central and South America a few weeks ago.
As part of the expansion, Remitly is partnering Wal-Mart, including the company’s discount self-service store Aurrera, grocery store Superama and apparel store Suburbia. Additional new partners include Farmacias Guadalajara in Mexico, Banco G&T Continental in Guatemala, Banco de Occidente in Honduras and Banco de Crédito del Perú.
“We’re happy to partner with UniTeller as we continue to improve the traditional broken remittance model,” said CEO Matt Oppenheimer in a press release. “We are committed to giving our customers the best possible experience as we respond and adjust to their needs.”