Sendwave Stock

sendwave.comFinTech / PaymentsFounded: 2011

Sendwave provides digital services to help customers transfer and receive money across mulitiple countries and using multiple currencies.

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News

Sendwave Launches New Banking Product Targeting Kenyans In The US

Sendwave, a digital remittance company, has launched Sendwave Pay, a banking product targeting Kenyans in the US. It provides users with an FDIC-insured bank account, debit card, and benefits such as improved exchange rates, and savings on transaction fees for remittances to Kenya and other countries. The offering also includes reimbursements for international transaction fees and the ability to earn up to 0.51% APY on account balances.

Sendwave launches Sendwave Pay for US customers

US-based company Sendwave has launched a banking product, Sendwave Pay, for its US customers. The product, the first neobank offering from Zepz, which operates global remittance brands Sendwave and WorldRemit, offers users an FDIC-insured bank account, a complementary debit card, reduced fees on international remittances, and interest earnings. It also reimburses international transaction fees and offers up to 0.4% improvements in exchange rates and up to 25% savings on remittance transaction fees to select African countries.

Workers Who Remit Money Via Sendwave Can Now Set Up FDIC-Backed Bank Accounts

Fintech Sendwave has partnered with Piermont Bank to enable its users to set up FDIC-backed bank accounts. The new service, Sendwave Pay, will offer depositors up to 0.51% APY on the account balance and provide debit cards for everyday transactions. The service targets migrants in the US, helping them send remittances to family and friends in other countries. Additional perks include discounts on remittances, no maintenance or minimum balance fees, and reimbursements for international transaction fees.
Updated on: Jun 22, 2024

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Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.