WorldRemit is a remittance and money transfer service that is using technology to connect millions of people around the world to their loved ones back home. WorldRemit is pioneering mobile-to-mobile payments by digitizing both ends of the remittance process - the send and receive side - a major leap forward in a space where most remittances have only been digitized on the send side, if at all. Using WorldRemit is easy because we do the hard bit, connecting hundreds of banks, money agents, mobile operators and payment systems around the world. These were never designed to work together, but WorldRemit makes it happen. In developing parts of the world, where it was once necessary to travel long distances to the nearest bank and withdraw cash (often an unsafe process), people can now receive these funds directly to their phones via an emerging market technology, mobile money. Through services such as mobile money WorldRemit is transforming how recipients in emerging markets can quickly and cost-effectively receive funds and make payments safely. WorldRemit’s service is available to senders in more than 50 countries and offers transfers to 148 destinations across Europe, Asia, Africa, Australia and the Americas. WorldRemit is further integrated with multiple payment platforms, including Apple Pay, Android Pay, and Trustly to make money transfers as easy, convenient, and instant as possible. WorldRemit was founded in 2010 by Ismail Ahmed, a remittance specialist and former compliance advisor to the United Nations. Personal experience of using money transfer agents convinced Ismail that technology could improve the sending process, enhance compliance and reduce costs to the customer. Through its service, WorldRemit strives to extend financial inclusion at every level and for everyone.
Nominated for: Solving Problems Through Payments
WorldRemit is the leading digital money transfer service that makes sending money as easy as sending an instant message. We currently send from over 50 countries to more than 140 receiving destinations, leading the shift to online and mobile money transfers and improving speed and convenience for users, while lowering costs. On the sending side we are 100% digital (cashless). For those receiving money, WorldRemit offers a wide range of options including bank deposit, cash collection and mobile airtime top-up and critically mobile money.