In Other News: CARDFLIGHT (Miura); CHARGEBACKS911 (Target); CONFORMANCE (products); and WORLDREMIT (AU). CARDFLIGHT – CardFlight, a mobile point of sale (POS) technology provider, and Miura Systems, the global leading provider of innovative secure electronic payment hardware, are announcing a partnership to offer a new mPOS solution in the United States market via CardFlight’s mobile POS…
WorldRemit customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia. The launch follows the signing of a global partnership agreement earlier this year, to enable WorldRemit customers all over the world to send international remittances to MTN’s Mobile Money customers. People in more than 52 countries already use…
Vodafone Romania has teamed with the digital money transfer service WorldRemit. Through Vodafone M-Pesa, WorldRemit customers can now send instant money transfers to any Vodafone customer in Romania.
HomeSend, a joint venture between MasterCard, eServGlobal and BICS inked a deal with Dialog Axiata to make international remittance services available to millions of consumers across Sri Lanka. HomeSend and Azimo also announced the launch of new mobile wallet services in ten countries throughout Africa and Asia-Pacific – reaching millions of mobile money subscribers.
HomeSend and Dialog Axiata inked a deal to make international remittance services available to millions of consumers across Sri Lanka. HomeSend is a joint venture between MasterCard, eServGlobal and BICS.
WorldRemit and MTN have signed a global partnership that will enable WorldRemit customers to send remittances instantly to MTN’s Mobile Money customers. The agreement extends WorldRemit’s position as the leading provider of remittances to Mobile Money users (also known as mobile wallets) at a time when the technology is experiencing rapid uptake, especially in Africa.
WorldRemit launches its global money transfer App for iPhones. WorldRemit for Android has been downloaded more than 10,000 times and entered the Top 20 Financial App charts in nine countries – more than any other money transfer service- in just the past few weeks. The company is confident it will see the same returns for the iOS solution. WorldRemit is also a leader in sending money to mobile devices. The addition of iOS and Android Apps further enhances WorldRemit’s mobile-to-mobile offering with smartphone users in one part of the world able to transfer instantly to Mobile Money accounts on the other side of the planet.
WorldRemit online money transfer service customers can now send remittances to Zantel EzyPesa accounts. The addition of EzyPesa means that WorldRemit now offers transfers to two of Tanzania’s four Mobile Money services. Customers can also send money to friends and family using Tigo Pesa. Tanzania is one of nine countries in the world where Mobile Money accounts outnumber bank accounts. WorldRemit already sends 25x more transfers to Mobile Money in Tanzania than to banks, even before the launch of EzyPeza.
WorldRemit announced its launch across seven countries in Central & Eastern Europe. Customers in Bulgaria, the Czech Republic, Hungary, Latvia, Lithuania, Poland and Romania will now be able to able to send money to friends and family in more than 100 countries. The addition of seven CEE countries is WorldRemit’s single biggest expansion since receiving a $40 million investment from Accel Partners in March 2014. The Series A funding round was one of the largest ever in Europe, placing WorldRemit at the forefront of the burgeoning Financial Tech (FinTech) sector. WorldRemit customers in CEE will be able to send money to the Americas, Africa, Asia and Europe from anywhere at any time using a computer, smartphone or tablet. Payment is made using a credit or debit card.
WorldRemit is introducing the ability to send money to Thailand. The upgrade to WorldRemit’s Thai service enables workers living overseas to send money back home without the need for an additional foreign exchange transaction at the receiving bank.International remittances are an important contributor to the economy of Thailand, with an estimated US $5.5 billion being received in 2013, according to the World Bank. The amount of money received from overseas by people in Thailand has seen an average increase of 25% per year, compared to an annual increase of just 5% between 2004 and 2008.
WorldRemit online money transfer service now offers instant bank deposits to BDO (Banco de Oro) and Metrobank accounts. The new service means that funds sent via WorldRemit to customers of either bank will be available immediately. WorldRemit’s business model is focused on offering a more efficient, affordable and transparent alternative to traditional money transfer operators. Several additional receiving options include cash pickup, home delivery, payments to mobile wallets and airtime top-up. An estimated US$25bn was sent to the Philippines in the form of remittances in 2013, according to research by the World Bank. The figure has grown 250% since 2003 when migrants sent around US$10bn to the country.
People sending money to friends and family in Tanzania using WorldRemit can now choose to have the funds delivered to a Tigo Pesa mobile wallet. The new payment method is available to WorldRemit customers sending money from 35 countries. It complements existing receive options for Tanzania including bank transfer, cash pickup and mobile airtime top-up.