Opal Transfer, a London-based money transfer operator, has introduced a low-cost remittance service between Italy and the UK.
The service will facilitate money transfers between the two countries in both the directions, with remittances from Italy to the UK costing €1 and those from the UK to Italy costing 30 pence.
Opal said that the service is in response to growing demand and forms part of its broader plans to build footprint in new markets within the coming one year.
Moreover, the service also marks the debut of two way remittance between two countries in western Europe.
Opal Transfer managing director Gita Petkevica said: “The launch of this product shows we are responding to our clients’ needs, while still offering them the best and quickest money transfer service, at the lowest cost price.
“All fintech business need to continue to adapt and use cutting edge technology, but it is also important to remember that customers want to be able to speak to people as well. Our Italian speaking customer service team is an essential part of the service. Having access to an experienced executive to resolve any issues is crucial, something too many app only services forget, leaving their customers frustrated.”