Now Money was founded in 2016 in Dubai to provide smartphone-based remittance and banking services to hitherto unbanked expatriate workers with lower incomes in the Arabian Gulf. Partnering with local banks, the company provides a digital payroll and accounts solution for companies and their low-income employees. In addition to the smartphone app, account holders receive a Visa debit card and round-the-clock phone support in nine languages.
Co-founder Ian Dillon discusses the challenges of reaching the unbanked, the impact of Covid 19 on remittance flows and his ambitions for the service.
