SEATTLE – U.S. payments startup Remitly has expanded its services to the United Kingdom, Reuters reports. Backed by Amazon.com founder Jeff Bezos, Remitly allows users to send money overseas digitally.

The digital money transfer service currently handles more than $2 billion in remittances each year to the Philippines, India, Mexico and other Latin American countries by users in Canada and the United States. British customers can use Remitly’s mobile and desktop app to send funds to the Philippines and India.

The United Kingdom already has two other companies in the digital remittance industry: Azimo and Transferwise. These digital upstarts have begun eroding traditional—and the most costly—services of banks and other financial firms, such as Western Union and Moneygram.

“Europe as a continent is the second largest remittance-sending geography, so there's a lot of opportunity around here,” said Remitly CEO Matt Oppenheimer. “Over 19 billion pounds in remittances are sent from the U.K., and launching here is a natural next step for us as we expand across the globe.”