Remitly Releases Update to Money Transfer Service to India and Signs R. Madhavan as Brand Ambas

Mumbai (September 6, 2018) - Today Remitly, the largest private digital remittance company headquartered in the United States, announced it has released an update to its money transfer service to India. The update moves its daily sending limit to $30,000 on money sent to India from the United States. The company also announces it has enlisted critically acclaimed Bollywood actor, R. Madhavan as its brand ambassador.

“The remittance industry is undergoing a rapid digital transformation and India is the top receiver of remittances in the world, receiving over $69 billion in remittances in 2017, higher than any other country,” said Matt Oppenheimer, Remitly CEO. “This is a credit to India’s overseas communities around the world. They made the courageous decision to move to another country to live and work, sending their earnings back to loved ones in India. We’re committed to this community and honored to make the experience of sending money across borders easier for the hard-working individuals that contribute so much. We are delighted to welcome R.Madhavan to the Remitly team and excited to launch our new campaign with him.” 

Remitly helps individuals in the United States, United Kingdom, Canada, and Australia send money to India easier, faster, and at a lower cost. The company remains committed to India’s overseas community as evidenced by its growing partner network of over 150 banks for receivers in India and its recent update to the U.S. to India daily sending limit. 

“I look forward to working with the Remitly team to build deeper connections with Indian community overseas in service of their mission to transform the lives of immigrants and their families around the world,” said acclaimed Bollywood actor, R. Madhavan. “Remitly is excellent and makes it easier for NRIs to send money to India.”

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