Small World managing director Nick Day said this expansion is an important part of Small World growth strategy.
"There are approximately five million immigrants in Italy, poorly served by the incumbent operators. This is one of the largest markets in Europe with immigrants from Africa, South Asia and Central and Eastern Europe and we bring a highly competitive, convenient and reliable money transfer service that will enhance our agents and consumers’ experience.
"Entering and expanding into new markets and signing, training and rolling out agents who are from the ethnic communities of our consumers, as well as opening new store locations, is critical to our future success and the addition of the Italian territory gives our group further scope for expansion.
Small World Financial Services Group is an independent money transfer company in Europe. It provides global consumer-to-consumer money transfer services through a sending network of agents and company-owned stores, disbursing money transfers through a worldwide payer network.
Small World has a global network of 130,000 cash pickup locations in 90 countries worldwide, as well as disbursement to bank accounts and mobile wallets.
