STICPAYa leading global e-wallet service provider and payment gateway, today announces a significant increase in the number of countries and currencies to which it offers money transfers to meet growing demand for cross-border payments.

Its enhanced remittance service offers faster, more transparent and convenient payments in over 150 currencies, giving users the ability to send and receive funds via digital and mobile wallets, as well as in cash to bank accounts. The platform also enables payment traceability and provides additional transparency about fees and estimated delivery times.

STICPAY will offer the new features to both its private and corporate customers. Its global network reaches more than 1 million consumers worldwide, spread across over 160 countries.

STICPAY is also widely used by companies and merchants that sell their services worldwide. More than 5,000 companies are connected via the STICPAY e-wallet platform.

The new STICPAY features come at a time when cross-border transactions are increasing rapidly. FXC Intelligence estimates that the size of the consumer-to-consumer market will be $1.8 trillion in 2023. However, the number of consumer-initiated cross-border payments is expected to continue to rise and will be significantly lower than B2B transactions, but growth is forecast to be faster. FXC Intelligence predicts that the size of this market will grow by 80% to $3.3 trillion by 2030.

Sean Park, CEO of STICPAY, said:

“We are very excited about expanding our offering as both our residential and business customer base continues to grow. We are always striving to further develop our offering and offer users more transparency, user-friendliness and security. These improvements, in turn, help us achieve our core mission of expanding access to financial services to more people and countries around the world.”