Companies that help ex-pats send money back home are nothing new. But a Leipzig-based FinTech company is helping immigrants in Europe and the U.S. pay bills and buy products and services for their loved ones worldwide – and it’s all done safely, cheaply, and in real time.
The B2B bill payment platform of Q-lipay links financial institutions and payment service providers (PSPs) to local utility companies as well as insurance, education and healthcare providers, and mobile wallet services across the globe. The sender saves on fees and controls how the money is spent, while the recipient no longer has to travel or wait to collect money or pay bills.
Q-lipay promises real-time/near-time direct payments to service providers across a wide variety of emerging countries and offers multi-currency support.