WorldRemit: Send Money Home For Cheap

Do you ever send money back home to friends and family in another country? Well, over £385bn in remittances are sent annually around the world. WorldRemit is a London based online startup that aims to become the WhatsApp of mobile money in emerging markets.

What is WorldRemit?
WorldRemit is an online service that allows you to send money abroad to bank accounts, mobile wallets, mobile credit top up and for cash pickup at a collection location. Like other online money transfer businesses, people can send money 24/7 by paying with their bank account, debit or credit card. However, WorldRemit’s focus is to become the WhatsApp of mobile money in emerging markets. WorldRemit is substantially cheaper than high street money transfer offices, is available to senders in 50 countries and transfers can be sent to more than 120 countries worldwide.

WorldRemit estimates that over £385bn in remittances are sent abroad each year between family and friends, however only 5% of total remittances are sent online today. WorldRemit has been featured in the BBC News, Financial Times and Wall Street Journal. It also has an impressive 9.5 (out of 10) rating on Trustpilot with over 6,000 reviews. WorldRemit is available on the web and mobile app (Android & Apple).

How Does WorldRemit Work?
There are 3 steps to a WorldRemit transfer:
• Select your recipient’s country, how much you want to send and how they will receive the money
• Select an existing recipient from your list or add a new recipient with their name, address and other information like bank account number
• Select how you will pay for the transfer and confirm the amount. Both sender and receiver receive SMS / email notifications when the money is sent and received

People sending money can pay and send money direct from their: 
• Bank account
• Debit card 
• Credit card

People receiving money can choose between:
• Direct bank deposit
• Cash pickup at a collection location (within minutes)
• Mobile Money (money is instantly added to mobile money wallets)
• Mobile Credit Top Up (mobile credit is instantly topped up)

What Are The Benefits Of Using WorldRemit?
WorldRemit provides customers with many advantages over traditional money transfer offices including:
• Low fees and guaranteed exchange rates
• Fast instant transfers to many countries
• SMS / email notifications when money has been sent and received
• Easy to use online service open 24 hours per day, 7 days a week
• Safe and secure privacy and payment systems

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