In Spain, at MoneyConf 2017, Google Announced its digital wallet service, Android Pay to expand its roots across the globe with support from widely known U.K-based fintech startup WorldRemit. The latter has today announced that it has integrated the option to send/receive money globally using Android Pay on its platform.
The company states in an official press statement, that it will allow around 112 million users on its remittance service to transfer money securely to their families or friends within just a single tap and authentication. It also touts of being the numero uno remittance startup across the globe to bring cross-border support for Google’s payment service.
Explained by VP of Product at WorldRemit, Alice Newton-Rex, the company has decided to include the said money sending alternative because:
At present, almost 60% of WorldRemit app users are on Android, which is also the most popular mobile operating system till date in the developing world, where 2 billion people are still using, but critically half a billion use their mobiles as a bank account.
This is the next logical step to integrate with Android Pay of our mobile first approach and continues our commitment in providing greater financial inclusion.
The app called WorldRemit, was launched back in 2010, and is quite simple in using. While the funds transfer service with Android Pay is relatively new, users already have more than enough options — the most popular being the Western Union. This agreement is not exclusive, hence other remittance startups can also jump the gun to integrate Android Pay into their platforms — providing the users with a new option and Google with an extensive new user base.
WorldRemit customers can transfer money instantly, by connecting directly with Android Pay across continents in just 5 taps – without entering credit card or 3DS details.
WorldRemit allows its user base to transfer money to their beloved, friends and relatives, without the mobile device owned by them coming in the way of your transfers. It is possible to receive the payout in cash, transfers into a bank account or into a mobile money account. It doesn’t matter whether you own a smartphone or a dumb ‘feature’ phone, you will still be able to receive your payment. It counts around 600,000 transactions every month, being transmitted from over 50 countries to more than 140 destinations.
Pali Bhat, Director, Product Management at Google, said, commenting on the partnership that - We want to make it faster and easier for firms like WorldRemit to offer a simpler, faster in-app payment solution for their customers. With Android Pay, people will be able to use it in a few clicks and speed through checkout with their Android phones.
Android Pay has recently been bulking up on its features and partnerships to keep its arch-rivals, Apple and Samsung, at bay. The digital wallet platform recently added support for leading wallet service provider — PayPal to its application, integrating its service with Facebook Messenger, and expanding the scope of its APIs.
On the other hand, Apple Pay, has also stepped foot into the peer-to-peer payments space with the integration of its digital wallet in the iMessage app, in the form of an app. This allows you to simply open the message screen, select the Apple Pay app and enter the amount you want to send to your friend and authenticate the transaction. And that’s it.