WorldRemit Adds Android Pay as Secure Option for Migrant Remittances Eric Auchard - Reuters
go to original June 13, 2017

Cross-border money transfer service WorldRemit is enabling its immigrant customer base to send money home using Android Pay, making it the first international remittance firm to run on the Google payments system, the company said on Tuesday.

Connecting with Android Pay will enable WorldRemit customers in developed markets like Europe or North America to make instant international money transfers to reach the 112 million accounts available via WorldRemit’s network of payment channels.

London-based WorldRemit says it handles about three-quarters of mobile phone-based international money transfers, a small but fast-growing segment of the global $575 billion worldwide remittance market. Recipients using WorldRemit can up pick cash or deposit money in banks or mobile money accounts or top up mobile accounts.

Android Pay is a secure way for smartphone users to store credit, debit or loyalty cards to make payments online or in stores which Google has set up in about 15 of the world’s most advanced markets since launching it two years ago.

In effect, smartphone users where Android Pay is available will have a simple and secure way to make money transfers to the 125 countries where WorldRemit operates.

... The cost of transfers via Android Pay are in line with other credit or debit card processing fees it charges - normally well under 5 percent - WorldRemit said.

Read the rest at Reuters

Related: Immigrants Around the World Sent $445 Billion Back to Their Home Countries Last Year (Marketplace)

Related: Trump's Travel Ban Sees Surge in Migrants Sending Money Back to Their Home Countries (Express UK)

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