“For the growing number of families that extend across borders, iSend’s personal financial services have proven extremely beneficial and a highly welcome alternative for financial management,” said Steve LaBella, president and CEO of iSend.
Middlebury, CT (PRWEB) May 12, 2011
iSend, a leading U.S. electronic payment service for people who support family members in other countries, announced today the expansion of its service into Canada and the United Kingdom. Canadian and UK consumers can now use iSend to assist family members internationally by topping-up cell phones, paying recurring monthly bills and purchasing retailer gift cards for in-country pickup.
According to data from the World Bank, more than 215 million people today live outside their countries of birth, and the funds they sent back to family members in developing countries are estimated to have reached $325 billion in 2010. The U.S. ranked first in the world for immigration in 2010, and Canada and the UK ranked fifth and sixth, respectively.
“As our international community broadens, there’s significant business to be realized by helping ex-pats manage family finances abroad,” said Lindsay Ingram, General Manager of UK iSend partner Newmont Travel. “By giving consumers the ability to transfer funds for specific purposes and to top up family members’ cell phones, iSend delivers attractive and meaningful ways for individuals to financially support and stay connected with loved ones back home.”
Consumers in the U.S., Canada and the UK can initiate iSend payments in more than 60,000 retail locations and online. iSend has steadily expanded to almost 30 countries to which these payments can be made, including Antigua & Barbuda, Barbados, Brazil, Cayman Islands, Colombia, Cuba, Dominica, Dominican Republic, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Montserrat, Nicaragua, The Philippines, Puerto Rico, St. Kitts, St. Lucia, St. Vincent, Trinidad & Tobago and Turks & Caicos.
“For the growing number of families that extend across borders, iSend’s personal financial services have proven extremely beneficial and a highly welcome alternative for financial management,” said Steve LaBella, president and CEO of iSend. “With the support of our investors and the global community, we expect to see continuing growth from expansion into more countries, new retailer partnerships and the introduction of additional personal financial services.”
iSend is a leading international electronic payment service that provides unprecedented options for people who support family members in other countries. Customers control the use of the funds they transfer, including topping-up individual family members’ prepaid cell phones, paying recurring monthly bills and sending gift cards for merchandise at specific stores. Transfers can be managed at more than 60,000 retail locations, with cell phone top-ups also initiated online, for recipients located in almost 30 countries. For more information, including the growing roster of retail locations and countries, visit http://www.isendworldwide.com.
# # #