UMA stands for Universal Money Address. It’s the secure technology behind what we call a payment handle, which is a unique ID that lets you send money to someone outside the U.S. without needing their sensitive bank details.
UMA works kind of like email, but for money. It connects different banks and apps through a shared network, making payments faster, easier, and more reliable. It's powered by the Bitcoin Lightning Network, which helps support near-instant, low-cost transfers.
You can learn more about UMA at https://www.uma.money/
Global remittance services are available to SoFi members through SoFi Checking and Savings. SoFi Checking and Savings is offered by SoFi Bank, N.A., Member FDIC. Transfers are subject to the terms of the SoFi Bank Deposit Account Agreement in effect at the time of payment. Fees, exchange rates, and estimated delivery times will be presented prior to payment confirmation. Service availability may vary by country or recipient.