Thursday, March 28, 2024

WorldRemit adds Android pay to service

A digital money transfer service, WorldRemit, has added Android Pay to its service, offering a new way for its patrons to send money internationally and reach millions using mobile money accounts.

Pioneering a mobile-first approach to the $600 billion a year remittance industry, the move sees the company bringing together the leading players in mobile payments from Silicon Valley and Sub-Saharan Africa.

Launching the global rollout of the service at MoneyConf 2017, WorldRemit will enable Android Pay users to safely and securely send money to about 112 million mobile money accounts, accessible via its network. The integration will make WorldRemit the only remittance provider offering international payments through Android Pay around the globe.

By connecting directly with Android Pay, WorldRemit customers can transfer money instantly across continents in just 5 taps – without entering credit card or 3DS details. Using mobile money, a recipient customer can then pay for school fees, utility bills and groceries among other things directly from their mobile phones – without the need for 3G or wifi. As Android Pay is supported by industry standard tokenization, payments are sent with a virtual account number providing an extra layer of security.

According to CNNMoney, WorldRemit currently sends money to more mobile money accounts than any other operator in the world. The company enables migrants to send money from their smartphones to the mobile phones of the people they love, in over 140 countries to be paid out in cash, paid into a bank account or into a mobile money account.

Vice President, Product, WorldRemit, Ms. Alice Newton-Rex, said, “Currently 60 per cent of the app users are on Android, which is also by far the most popular mobile operating system in the developing world, where two billion people are still unbanked, but critically half a billion use their mobiles as a bank account.

Director, Product Management, Google, Mr. Pali Bhat, said, “We want to make it easier for organisations like WorldRemit to offer a simpler, faster in-app payment solution for their customers. With Android Pay, people will be able to speed through checkout with their Android phones in a few clicks”.

WorldRemit users make around 600,000 transactions every month, sending from over 50 countries to more than 140 destinations.

Popular Articles