January 24, 2014 09:00 ET

New Website Helps nTrust Members Send Money Home in Three Easy Steps

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 24, 2014) - With an estimated $400 billion in global remittances each year, nTrust's newly launched website and mobile site is making it easier to send money around the world.

According to the World Bank global remittance grew by 6.6 per cent to $414 billion in 2013, and is expected to cross the half-trillion mark by 2016. Yet the high cost of sending money abroad through traditional channels continues to pose a challenge for both sender and recipient.

With an increasing number of migrant workers sending more money around the world and persistent obstacles such as significant transaction fees, nTrust's refreshed website and mobile site allow members to transfer money to friends and families living abroad in just three simple steps for as little as 1.9 per cent.

Once an nTrust Cloud is created, members simply log in nTrust, select a member in their nTrust Neighborhood to send the funds to, enter in the amount and money is transferred within seconds, for free. Additionally, the mobile site lets members conveniently transfer money while on the go.

"As global migration increases there is a growing need for a seamless service to help send money back home with little cost," says Rod Hsu, Chief Experience Officer for nTrust. "Our goal is to make it as easy and affordable as possible for our members to get their hard-earned funds to deserving loved ones in the click of a few buttons, avoiding long lines and wait times."

About nTrust

nTrust is a regulated and trusted global peer-to-peer money transfer platform helping people free their money. Using Cloud Money™, nTrust members can move money around the globe as fast and seamlessly as sending a text - for free - by uploading funds into their personal Cloud directly from their bank accounts, credit or debit cards, or other funding methods. Once a member's Cloud is loaded, funds can be instantly exchanges to other currencies, used to pay bills or online merchants, loaded to an nTrust Cloud Money prepaid MasterCard® or conveniently sent to other members around the world. nTrust's proprietary technology uses the highest encryption standards and is "PCI-DSS Level 1" certified - the top global standard for operational and technical security designed by Visa, MasterCard® and American Express.

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