WorldRemit: Named Best Money Transfer Company in Europe

    

London (PRWEB UK) 21 December 2012

WorldRemit, the leading online money transfer service, has been named the best European money transfer company by the International Association of Money Transfer Networks (IAMTN) in the year 2012 annual awards.
Announced at a special ceremony during the Global Money Transfer Summit held at Hilton London Docklands Riverside, WorldRemit was declared the ‘Best Money Transfer Company for Europe’. The award is given to the European company that best demonstrates ‘the ability to drive service innovation through providing consistent customer service and customer-driven solutions’.
WorldRemit’s founder and CEO, Dr Ismail Ahmed, comments: “We are delighted to have won this prestigious award in recognition for our commitment to deliver innovative customer service to our users. We will continue to innovate and offer choices for migrants and expats so that we can remain at the forefront of the rapidly changing technological and regulatory landscape in the money transfer industry”.
“For too long the money transfer industry has been monopolised by a few big players that impose extortionate minimum charges and consistently poor services. This is beginning to change with innovative online services such as WorldRemit that are transforming the way money transfer is conducted.”
WorldRemit offers online money transfer services in 21 European countries including UK, Germany, France, Spain, Italy, Netherlands, Norway, Sweden, Denmark, Finland, Switzerland, Ireland, Austria and Belgium. The service offers customers a wide range of pay-out options in receive countries including instant cash pickup, mobile wallets, bank deposits and international airtime top-up. WorldRemit uses a transparent pricing system with clearly displayed and guaranteed exchange rates giving the sender the freedom to decide how much to send and the peace of mind that comes from knowing exactly how much will be received.
“There is no better reward than being recognised by one’s peers”, said Mohit Davar, Hon Chairman of IAMTN.
About WorldRemit
WorldRemit is an award-winning online platform enabling migrants and expats to send remittances to family and friends in more than 100 receive countries using a variety of payment options including debit cards, credit cards and local payment methods. With 26 send countries, WorldRemit is the world's largest dedicated online money transfer business.

IAMTN MONEY TRANSFER AWARDS - 2012

IAMTN is delighted to advise the winners of the awards for 2012. The results of this year’s IAMTN Annual Money Transfer Awards were announced at a special ceremony during the Summit. There is no better reward than being recognised by one’s peers and the Award winners were announced by Mohit Davar, Hon Chairman-IAMTN and presented by Veronica Studsgaard, CEO-IAMTN.

The winners were:

• Best Money Transfer Company for Middle East 2012 -
Eastnets
• Best Money Transfer Company for Eastern Europe 2012 – Unistream Commercial Bank
• Best Money Transfer Company for Africa 2012 – Money Express, Senegal
• Best Money Transfer Company for Europe 2012 – World Remit
• Best Money transfer Company for Asia Pacific including South Asia 2012 – DongA Money Transfer Company





 

Source: www.iamtn.org

And Zanzibar Ni Kwetu (ZNK) Financial Anylyst writes:
Zanzibaris living abroad will soon be availed of the services of WorldRemit from the comfort of their homes in Europe, USA, Canada and the Middle East. It is understood that the People's Bank of Zanzibar has already finalized all the procedures to have such services started with WorldRemit and now only the approval of the  Central Bank Of Tanzania  is being sought, which could be granted at anytime in the course of this new year - 2013. Such a fast  move by the People's Bank of Zanzibar is seen by many to be undoubtedly a smart one, especially when one examines the annual worldwide remittance data which shows that remittance flows to developing countries now have passed the $500 billion mark. Last year, remittance flows to Kenya (Tanzania's neighbour) alone amounted to more than $8.5 billion.
Yearly remittances to Zanzibar from Zanzibaris living in the Diaspora today surpass even the tourist industry. But, in the absence of a reliable and low fees remitting company, this is done mostly through unofficial channels called 'hawala' and therefore the foreign currency ends up elsewhere and not in the coffers of the Zanzibar Government - thereby denying Zanzibar the much needed foreign currency.

Source: World Bank Organization - Growth of Remittances worldwide.