Nowhere else in the world moves more money using mobile phones than Sub-Saharan Africa.The region is responsible for an astonishing 45.6 per cent of global mobile money —an estimated US$26.8 billion in transaction value in 2018 alone—this figure excludes bank operated
Sub-Saharan Africa is also spearheading another major trend – the ‘cashless’ or ‘cash-lite’ society. With mobile money accounting for a large proportion of transactions as well as the increasing usage of debit and credit cards.
With the advent of digital money transfers, payment systems have become more secure against, identity fraud, security risks and data theft, because thorough personnel identification occurs, and an audit trail of money sending is recorded.
However, the idea of sending money in a virtual online system can lead online-users to be reluctant to embark on digital transactions without being familiar with a digital payments provider and confident in their security procedures.
WorldRemit, works hard to ensure that it protects its customers and that it keeps you and your hard-earned money safe. As an entirely digital service, WorldRemit can enforce higher standards of security than traditional agent-based money transfer firms in checking and documenting money movements.
It sends all money digitally, delivering a convenient, secure, cost effective and fast method to send money home. WorldRemit makes sure that its transactions start at a bank account, and that customers have verified channels and processes with their financial institution.
Before a transaction is accepted, its systems ask senders to verify their identity using a global standard called Know-Your-Customer.
Transactions leave a digital audit trail for tracking unusual patterns, spotting potential fraud and ensuring efficient data sourcing to fulfill regulatory requirements.
Secured & Encrypted
All connections to WorldRemit through its website and mobile app are secured and encrypted so that information exchanged between your browser and our site is not accessible to any third party. This means you can enter your password, account details etc. without worrying about any prying eyes. The systems allow it to screen transactions and look for signs of suspicious activity.
Reliable & Secure Payment Systems
WorldRemit uses payment systems which are secure for debit/credit cards to various payment service providers.
Additionally, its website and mobile app uses 3D Secure technology which protects your payments when using Visa, Mastercard and Maestro. 3D secure is designed to confirm that it is you, who is using your card – so once you have entered your card details – 3D secure is a pop-up on the screen which only yourself and the card issuer can see and not us at WorldRemit.
Well Regulated
WorldRemit is a fully licensed international money transfer service. Operating as an Authorised Electronic Money Institution, it is regulated by the Financial Conduct Authority in the UK. When it sends money internationally, the company also has to meet the requirements of global regulatory bodies. By adhering to follow each countries regulations it further protects customers against fraud and safeguard their money.
Security Team
From Compliance to Security teams, it has continually been monitoring transactions and looking for signs of suspicious activity. If something doesn’t add up, immediate action is taken to protect the customer’s account, sensitive details and money. It is not only fraud that it protects customers from – the company is also familiar with the latest trends that scammers use.
WorldRemit continuously reviews all accounts and transactions to ensure these are not being used for the wrong purposes.
If it suspects suspect that someone knows the customer’s password, it moves quickly to temporarily freeze the account and reach out to the customers to aid them to secure their account.
There for you!
One of the most frustrating things whilst using an online platform (or any company as a matter of fact) is when you cannot get to speak to somebody in your time of need and that is why WorldRemit is there for everybody, 24/7 to answer calls and emails
Reputable company
WorldRemit is a reputable, award winning company with over 4 million customers globally, trusting them with their money.
It takes pride in being a trustworthy and secure money transfer service, supporting Africa’s initiatives in driving digital transactions for a cash less/lite society.
WorldRemit has disrupted an industry previously dominated by offline legacy players by taking international money transfers online – making them safer, faster and lower-cost.
It currently sends from 50 to 150 countries and operates in 6,500 money transfer corridors worldwide.
On the sending side WorldRemit is 100 per cent digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of options including bank deposit, cash collection, mobile airtime top-up and mobile money.
Backed by Accel, TCV and Leapfrog – early investors in Facebook, Netflix and Slack – WorldRemit’s headquarters is in London, UK, with a global presence including offices in the United States, Canada, South Africa, Japan, Singapore, the Philippines, Australia and New Zealand.