The team at TransferGo are toasting another triumph. Fresh off the back of celebrating our fifth birthday, expanding business to Germany and onboarding Renier Lemmens as our Chairman of the Board of Directors, we’re currently raising a glass to our latest venture – starting operations in China!
The move further East comes in response to intensifying economic cooperation between Lithuanian and Chinese companies, as well as the increasing number of money transfer services from companies purchasing goods and commodities directly from Chinese manufacturers. Our latest service means businesses and individuals will be able to transfer money to China within one day.
Customers were already able to transfer money to Hong Kong, India and the Philippines through TransferGo, but our expansion into China signals our continuing growth and expansion beyond Europe. We now operate in 46 countries and our fast low-cost money transfers are becoming increasingly popular in more and more countries.
Daumantas Dvilinskas, chief executive of TransferGo explains, “During recent years, Chinese direct investments into Lithuania have increased almost six-fold. We hope that fast and cheap international money transfers will contribute to strengthening ties between Lithuanian and Chinese businesses”.
We’re very excited about this new venture, and can’t wait to see the positive results stemming from improved monetary connections between China and other countries! Watch this space.