Leading digital money transfer service has added Android Pay
to its service, offering a new way for WorldRemit’s
Android Pay users to send money internationally and reach millions using mobile
money accounts, reports ITRealms.
Pioneering a mobile-first approach to the $600bn a year
remittance industry, ITRealms
gathered that this move sees WorldRemit 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 via its Vice
President, Products, Alice Newton-Rex, told ITRealms it would enable Android Pay
users to safely and securely send money to +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.
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.
“Currently 60% of WorldRemit app users are on Android, which
is also by far the most popular mobile operating system in the developing
world, where 2 billion people are still unbanked, but critically half a billion
use their mobiles as a bank account,” she said.
The VP stressed that this integration with Android Pay is
the next logical step of mobile first approach, and continues the commitment to
provide greater financial inclusion.
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