WorldRemit has expanded its service in
The mobile wallet service enables recipients to receive money quickly and securely on their mobile phones via MTN Mobile Money. Once they have the money, customers can use their mobile wallets for many purposes, such as paying utility bills, buying airtime or withdrawing cash from authorised agents.
With one of the highest mobile phone penetrations in
WorldRemit, with its online-only, cashless business model, offers a more efficient, affordable and transparent remittance alternative to traditional money transfer operators (2). Customers can send funds from 35 countries to families and friends in over 100 destinations, all from the privacy and convenience of their own home. All they require is Internet access, eliminating the need to take time off to visit an agent location.
WorldRemit is a global online money transfer business. Migrants and expats from 34 countries can make online payments to families and friends in over 100 destinations. WorldRemit offers a wide range of options to send and receive payments. Senders can make payments online, through smartphones or tablets, by debit or credit card, or via bank transfer. Recipients can get paid via bank deposit, direct transfers to mobile wallets, cash pickup or delivery, or airtime top-up for their mobile phones.
WorldRemit is headquartered in
(1) The World Bank Migration and Development Brief 21 – "Migration and Remittance Flows: Recent Trends and Outlook, 2013-2016" (
(2) CGAP, "How the poor can benefit from choice in the remittance market" by Wameek Noor &
Read the full story at http://www.prweb.com/releases/2014/05/prweb11828001.htm
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