LONDON, May 19, 2016 /PRNewswire/ --
TransferGo, the high-growth international money transfer company in Europe, is launching TransferGo Now, a new feature that allows users to send money abroad safely and (almost) at the speed of light. This feature gives recipients instant buying power for a minimal cost on the sender's side.
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TransferGo Now was created to accommodate TransferGo customers who need to send money instantly. By adding various delivery time options, such as now, today or tomorrow, TransferGo allows people to send smaller amounts more frequently, thus drastically benefiting recipients, who can receive money in their accounts in as little as 30 minutes and then use it right away. The company has envisioned implementing real-time transfers since its launch in 2013.
TransferGo uses a differentiated settlement model that allows the company to facilitate very fast transactions. To date, the quickest transfer made using TransferGo Now was completed in 1.17 minutes. While the company's competitors work with third parties or deal with cash, TransferGo uses the local-in-local-out model, which allows the company to pay out money to a recipient as soon as it receives funds from the sender. This helps the company cut costs and reduce the time spent waiting for a transaction to finish. Most importantly, the company closely monitors the money during the process, ensuring the safety of every transaction.
TransferGo works with banks rather than against them, giving the company a significant advantage over its competitors and helping ensure that TransferGo follows the highest security regulations and standards. The company has already entered more than 40 partnerships with mainstream banks around the world. This large network of bank partners and accounts allows TransferGo to facilitate pay outs and ensure that transfers are made quickly, safely and at the lowest cost.
TransferGo Now will be gradually rolled out across selected European corridors starting with the largest intra-European corridor UK-Poland. The plan is to expand the availability of this feature to all the 40+ countries TransferGo supports and make it available to constantly growing consumer base, which already is 150k+. TransferGo Now will also become the dominant feature on the TransferGo app, which will launch early this summer. Stay tuned for more news!
For more information, please visit http://www.transfergo.com.
Guste Sadaunykaite Brand and Communication Manager +44-203-668-3625
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