WORLDREMIT LAUNCHES ONLINE MONEY TRANSFER IN HONG KONG - Top Stories news and analysis from Global Banking & Finance Review
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WORLDREMIT LAUNCHES ONLINE MONEY TRANSFER IN HONG KONG

Published by Gbaf News

Posted on June 10, 2014

2 min read

· Last updated: October 31, 2023

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Customers can send money to over one hundred destinations

Ismail Ahmed

Ismail Ahmed

WorldRemit Expands Services to Hong Kong

WorldRemit, the global online money transfer company, has expanded its services in Hong Kong. Customers in Hong Kong will now be able to send money to friends and family worldwide, using a mobile phone, tablet or computer. This service is an addition to the existing airtime top-up for mobile phones. Payments can be made using a debit or credit card and the money can be received as cash, or sent to mobile phones and bank accounts.

Remittance Trends and Market Potential

People in Hong Kong sent $607 million in remittances overseas in 2012 according to the World Bank and WorldRemit’s low-cost, fast and secure service offers a new solution for those who have been travelling to and from agent locations to conduct transactions. The company’s online business model is an efficient and transparent alternative to traditional money transfer operators[1].

Company Vision and Customer Commitment

Ismail Ahmed, Founder and CEO at WorldRemit, said “Our mission at WorldRemit is to give our customers as much choice as possible when transferring money. We are proud to increase the speed and convenience with which people in Hong Kong can send money to friends and family overseas.”

Key Takeaways

  • WorldRemit has launched its online money transfer service in Hong Kong, enabling digital remittances to over 100 destinations.
  • Senders in Hong Kong can use mobile, tablet or computer and pay via debit or credit card, with recipients getting funds via cash, bank deposit or mobile top-up.
  • This new service complements existing airtime top-up functionality and offers a faster, more transparent alternative to traditional agents.
  • In 2012, Hong Kong sent US$607 million in remittances, highlighting strong demand for efficient transfer solutions.
  • Ismail Ahmed, WorldRemit’s founder and CEO, emphasized enhancing speed, convenience, and choice for users.

References

Frequently Asked Questions

What new service has WorldRemit introduced in Hong Kong?
The introduction of online money transfer via mobile, tablet or computer, complementing existing airtime top‑up services.
How can users in Hong Kong send money with WorldRemit?
They can use a debit or credit card online from their phone, tablet or computer.
In what ways can recipients receive money?
Recipients can get funds as cash, to bank accounts, or via mobile phone top‑ups.
Why is this launch significant?
It offers a fast, low‑cost, transparent alternative to traditional agent‑based remittance methods.
According to the article, how much did Hong Kong send in remittances in 2012?
Hong Kong sent US$607 million in remittances overseas in 2012.

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