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WorldRemit adds 2 Latin American countries for mobile transfers

WorldRemit has partnered with Millicom subsidiary Tigo Money to open up new remittance routes to El Salvador and Guatemala, according to a press release.

The new routes will enable Salvadorans and Guatemalans abroad to send funds instantly to more than 1.5 million Tigo Money users in those countries using the WorldRemit app.

"Our partnership with Tigo Money in Central America will give more choice to millions of Salvadorans and Guatemalans living and working abroad, giving them a simple, safe way to support their friends and family without having to wait in line at a money transfer agent," Ismail Ahmed, founder and CEO at WorldRemit, said in a statement.

WorldRemit customers currently send more than 600,000 transfers every month, according to the announcement.