Sendwave Pay is a new neobank offering and one of the first developed by a remittance provider

IN BRIEF:

Sendwave Pay has been designed to suit the needs of the migrant community - with Sendwave’s remittance service built in

Sendwave Pay provides existing Sendwave users access to a FDIC-insured bank account* with an accompanying debit card

For migrants, opening a bank account is an important step to establishing themselves and helps to achieve financial autonomy. Sendwave Pay provides an opportunity for our customers to build cross-border wealth and recognizes the demand for a product that better serves customers’ needs than a standard bank account

What does this mean?

“The way that people use and access money has drastically changed over the last decade,” said Eric Huynh, Product Lead, Sendwave Pay, Zepz. “We created Sendwave Pay to better meet the needs of our customers, who are dynamically considering how they manage their money both for themselves and for loved ones abroad.”