INTELLIGENT BRANDS // MOBILE TECHNOLOGY
INTELLIGENT BRANDS // SOFTWARE FOR BUSINESS
WorldRemit launches with Android Pay
to offer mobile-to-mobile transfers to
the world’s unbanked Enterprise software mobility a
prerequisite to digital transformation
W I
orldRemit, the leading digital money transfer service has added Android
Pay to its service, offering a new way for WorldRemit’s Android Pay
users to send money internationally and reach millions using mobile
money accounts.
Pioneering a mobile-first approach to the $600bn a year remittance industry,
the move sees WorldRemit bringing together the leading players in mobile
payments from Silicon Valley and sub-Saharan Africa.
Launching the global rollout of the service at MoneyConf 2017, WorldRemit
will enable Android Pay users to safely and securely send money to +112
million mobile money accounts accessible via its network. The integration
will make WorldRemit the only remittance provider offering international
payments through Android Pay around the globe.
By connecting directly with Android Pay, WorldRemit customers can transfer
money instantly across continents in just 5 taps – without entering credit
card or 3DS details. Using mobile money, a recipient customer can then pay
for school fees, utility bills and groceries among other things directly from
their mobile phones – without the need for 3G or Wi-Fi. As Android Pay is
supported by industry standard tokenisation, payments are sent with a virtual
account number providing an extra layer of security.
Currently 60% of WorldRemit app users are on Android, which is also by
far the most popular mobile operating system in the developing world.
WorldRemit currently sends money to more mobile money accounts than any
other operator in the world. The company enables migrants to send money
from their smartphones to the mobile phones of the people they love, in over
140 countries to be paid out in cash, paid into a bank account or into a mobile
money account.
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Alice Newton-Rex, VP of Product at
WorldRemit, comments: “Currently
60% of WorldRemit app users are on
Android, which is also by far the most
popular mobile operating system in
the developing world, where 2 billion
people are still unbanked, but critically
half a billion use their mobiles as a
bank account.
FS, the global enterprise applications company, has
released a primary research study that shows a strong
relationship between mobile access to industrial
companies’ enterprise software and their readiness for
digital transformation. The study surveyed 200 industrial
users of enterprise resource planning, field service
management, enterprise asset management and other
types of enterprise software.
Key findings of the study include:
“This integration with Android Pay is
the next logical step of our mobile
first approach, and continues our
commitment to providing greater
financial inclusion.”
Pali Bhat, Director, Product
Management at Google, said:
“We want to make it easier for
organisations like WorldRemit to
offer a simpler, faster in-app payment
solution for their customers. With
Android Pay, people will be able to
speed through checkout with their
Android phones in a few clicks”.
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WorldRemit users make around
600,000 transactions every month,
sending from over 50 countries to
more than 140 destinations. ¡
www.intelligentcio.com
Respondents who said their enterprise software
prepared them well for digital transformation were
more than twice as likely to access their software from
a mobile device than those who said their software did
a poor job of preparing them for digital transformation.
There is a relationship between enterprise mobility
and readiness for digital transformation.
For almost 70% of respondents, increasing mobile
access to enterprise software may be an immediate
digital transformation opportunity. Only 31% of
respondents said they access enterprise software
through a mobile device.
While tablet computers were the device most frequently
used to access various types of enterprise software,
only 17% of respondents said their entire enterprise
suite was accessible by tablets and other
touchscreen devices.
www.intelligentcio.com
Poor mobile access and the resulting lack of readiness
for digital transformation can prevent companies
from establishing service-focused business models.
Respondents, mostly in complex and industrial
manufacturing, were as much as 22% more likely to
engage in business models like aftermarket service, field
service management or depot repair if they said their
enterprise software did a good job of preparing them
for digital transformation.
“Our study sample was heavily populated by companies
in industrial and machine manufacturing and industrial
automation,” IFS Vice President of Marketing in North America,
Steve Andrew, said. “Because product revenue growth may
not be sufficient to meet corporate goals, companies will
face pressure to monetise services delivered after the sale.
This requires not only enterprise software with a strong
mobility component, but the overall agility to handle digital
transformation as they extend their revenue profile over the
lifecycle of the durable assets they sell.”
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IFS Chief Technology Officer in North America, Rick Veague,
said, “Mobile is the most obvious manifestation of digital
transformation. It is not the only one or, for that matter,
the most important one. But when people use enterprise
software from a mobile device, it indicates that the system
is the lifeblood of the business. Your employees can connect
into those core processes and participate even if they are
not sitting at their desk. If you cannot do this, you will
struggle with anything in digital transformation.” ¡
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