Former Western Union executive joins digital money transfer firm as company posts strong US growth
Leading digital money transfer company WorldRemit has appointed Daniel Canning to the newly-created role of Commercial Director for North America, effective immediately.
Daniel will lead WorldRemit’s North America commercial activity at a time of rapid expansion. The US business is growing 130% year on year, as increasing numbers of customers choose WorldRemit’s extensive global network to transfer funds to the more than 145 countries which WorldRemit currently serves. According to the World Bank, remittances sent from the US have increased by 20% within the last five years.
Daniel joins WorldRemit from Digicel – a leading Caribbean telecom company – where he helped re-launch the Digicel brand in the key diaspora send markets of US, Canada and UK, driving strong revenue growth. Before that, Daniel worked for Western Union as Vice President, US Money Transfer. In this role, he spearheaded the growth in business to Mexico and led the company’s digital transformation – including a shift to mobile.
Earlier this year, WorldRemit gained its final two licenses in New York and Nevada, meaning it is now fully licensed in all 50 states – one of the few fintechs in the US to have achieved this milestone. The company’s Denver headquarters is a regional hub that has grown staff by 75% within the last two years.
Daniel Canning, WorldRemit’s Commercial Director for North America said: “WorldRemit has quickly emerged as a major money transfer player in the U.S., disrupting the operations of legacy competitors with its digital and mobile-first model. Its global footprint and its strong focus on its customers make it a very exciting time for me to join the team and further grow the U.S. market”.
Tamer El-Emary, Chief Commercial Officer at WorldRemit said: “I am delighted to welcome Daniel to WorldRemit’s senior leadership team. Daniel brings a wealth of business experience and over 20 years in the money transfer space. He will play a critical role in making the U.S. our fastest growing and largest send market globally, further supporting WorldRemit’s vision to serve 10 million customers connected to emerging markets by 2020”.
WorldRemit’s mobile-first, digital model allows customers in 50 countries to send money to over 145 countries quickly and securely in a few taps directly from their phones – without the inconvenience of visiting a bricks and mortar agent.
WorldRemit customers make 1.3 million transactions every month around the world – using its app or website and the company is global leader in transfers to mobile money accounts – an emerging market technology where a mobile phone number acts as a bank account.