NEW YORK, NY (PRWEB) February 25, 2015
Regalii today officially expands their operations to include India and the Philippines, after their successful launch in fall 2014 to Mexico, Guatemala, Honduras and El Salvador, which resulted in a significant growth of new users and sales. Regalii is the first service to allow both remittance users – the immigrant and the family receiving the money – to manage all of the family's bills and finances in one place. Until Regalii, there was no way to track if money sent home was well spent. Regalii's mission has attracted investors such as Maverick, Winklevoss, Kapor Capital and Alexis Ohanian. The company launched in 2013, where it had a successful pilot in the Dominican Republic, resulting in nearly 70,000 users in that country alone.
Regalii has launched its remote mobile bill pay services expansion to India and the Phil-ippines ahead of companies like Xoom, and accelerating their global operations to meet consumer demands and need for an alternative for faster-easier service.
"Asia is an important region to drive our continued business growth and we are squarely focused on delivering against our millennial immigrant strategy," said Edrizio De La Cruz, Regalii Co-founder. The Census Bureau projects immigration will increase the millennial population to 75.3 million, making it the biggest consumer segment in the US. “As a young immigrant myself, I know we influence family purchasing decisions, contributing a large percentage to the familial income through our financial support”.
In 2013, Regalii was the first company providing a mobile cross-border payment between US and Latin America. The company's Asia expansion already includes 100 new vendor partners to accept payments through Regalii, a majority in India. Traditional remittance to India and the Philippines is roughly $97 billion and Regalii's eye on the prize is the roughly 7% or $6 billion used for utility payments.
"Since our launch into Mexico and Central America, we have experienced significant growth, at 52% month-over-month. We are preparing for a similar trend in Asia and additional countries," said Edrizio De La Cruz, Regalii Co-founder.
Regalii is the first and only remote bill pay platform that gives the user control and full transparency. Users can visit http://www.regalii.com from any mobile device and link recurring bills – tuition, utility bills, insurance and loan payments – and see live bill balances, due dates and receive reminders and savings tips - all in one place, at no additional charge. Users can also choose to set up automatic bill pay with Regalii, for a small flat fee of $2.99 for any bill amount, competitive to Xoom. Regalii allows users to budget all of their family's finances back home reducing the inherent risk of family members carrying large amounts of cash.
“All immigrants, Latin American and Asian, leave part of their families behind for better opportunity, and part of that American Dream includes supporting those loved ones we left home. We do that through remittances," says De La Cruz. “The traditional money transfer process is complicated, expensive, and does not offer a sense of control for the sender. Regalii is the ideal solution and puts money back in the sender’s pocket putting the traditional methods of money wiring less relevant for today's more tech savvy global consumer.”
Regalii is a revolutionary new way of empowering immigrants to support their loved ones back home. With Regalii, immigrants can pay for their relatives most basic needs, such as electricity, water, gas, education and telephone, in their home country, right from their US mobile phone. Through Regalii, remittances are becoming more secure transparent, and direct.