Skrill set to shake up money remittance industry with new services

Responsible for electronic remittance

Skrill has announced the appointment of Jonathan Wood as Vice President responsible for Electronic Remittance, in a move aiming to challenge old-fashioned money transfer services, and bring remittance into the 21st Century. 

The introduction of the new Electronic Remittance division signals the big opportunity Skrill sees for partners and customers in an improved, more modern approach to money transfer.  

Skrill’s money transfer service allows customers to send money instantly and securely in 40 different currencies using just an email address. It boasts low transaction costs of 1% of the total transaction amount up to a maximum of EUR0.50, and considerably lower FX fees when compared to traditional transfer methods. 

Jonathan Wood will lead the division, building a specialist team to create the full Skrill remittance product offering. He will report directly to Craig Doyle, SVP Sales and Marketing at Skrill. 

Doyle explained: “Since 2001, we’ve reinvented the e-payments market to make things better for customers and merchants. The time is right for us to use this experience to revolutionise money transfer; making it more secure, faster, easier and more convenient. Jon’s vast experience of our industry, coupled with his exciting ideas for its future, makes him the perfect candidate to lead this new division at Skrill.” 

“It’s high time we gave consumers the money transfer service they deserve” said Wood. “With the Internet increasingly central to the way people live, work and play, we have a duty to make the most of today’s technology to bring money transfer services into the digital age. We’re building an entirely new proposition based on Skrill’s values of speed, security, convenience and a straight-talking approach to finance.” 

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