WorldRemit adds Android Pay for mobile remittances

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WorldRemit is integrating with Android Pay, taking a big step toward streamlining the process for sending mobile cross-border remittances.

Senders in developed markets may now add Android Pay as a funding option, enabling them to complete mobile-to-mobile transfers with five clicks, bypassing the need to re-enter payment card details or 3-D Secure passwords, according to a Tuesday press release.

Android Pay transactions within WorldRemit’s app are tokenized and sent with a virtual account number for added security, WorldRemit noted in the announcement.

About 60% of WorldRemit's customers who routinely sending funds home to friends and family use Android handsets, and WorldRemit’s customer base is heavily focused on mobile users, said Alice Newton-Rex, WorldRemit’s vice president of product, in the release.

“Worldwide 2 billion people are still unbanked, but critically half a billion use their mobiles as a bank account,” she added.

WorldRemit is the first operator in the $575 billion remittance market to support Android pay for mobile transfers, the company said.

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