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Remitly launches $9.99 monthly membership combining send-now-pay-later advances, 4% USD wallet boost and zero foreign transaction fees for global migrant; will help users build profiles by reporting financial activity to U.S. credit bureaus

September 24, 2025 //  by Finnovate

Remitly has launched Remitly One, a new membership-based financial product designed for customers in the US, with expansion plans venturing beyond borders and customer segments. Fintechs like Remitly are not only transforming the remittance payment landscape, but are redefining access to financial services for globally connected communities. The new Remitly One membership costs $9.99 per month and includes Flex, Wallet, and Card offerings—each crafted to address the daily financial needs of customers. Flex allows users to “send now, pay later” with up to $250 in interest-free advances. The Wallet solution enables users to store and manage funds with favourable exchange rates, while the digital Card offering facilitates global spending with no foreign transaction fees. Members benefit from a 4% annual boost on US dollar balances and earn monthly cashback rewards. In Spring 2026, Remitly will launch a line of credit to help users build recognised credit profiles—an operable path toward financial freedom. By reporting activity to US credit bureaus, members can establish credibility to rent, finance, or apply for jobs—aligning with broader United Nations sustainable development goals (SDG) and offering a verifiable foundation to meet long-term financial planning. By expanding into loans, insurance, and savings tools, fintechs like Remitly help users not just send money but build financial stability. This empowers underserved groups and supports SDG Gender Equality while tackling SDG No Poverty and SDG Reduced Inequalities.

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Category: Innovation Topics, Green Banking

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