WorldRemit Global Mobile Money Predictions

1. Device usage in the developing world will continue to grow, driving access to finance for millions. 1. Device usage in the developing world will continue to grow, driving access to finance for millions. In 2020, we could see: 2.  Domestic players in Southern hemisphere nations will strengthen further, expanding the ranks of fintech leaders beyond the usual suspects. In 2019 we continued to see the emergence of major fintech players beyond the traditional developed world:  ...

LONDON, 23/12/2019 (informazione.it - comunicati stampa - internet)

In 2020, we could see:

In 2019 we continued to see the emergence of major fintech players beyond the traditional developed world: 

In 2020, we could see:

In 2019 we saw some of the world's largest technology companies and banking services providers make a push into mobile money in a bid to further monetise their existing customer relationships and trust:

In 2020 we could see:

In 2019, economic and political borders were strengthened or disputed by many developed world nations and countries, but Africa was a bright spot for free trade:

In 2020, we could see:  

"Across our network we see trends that all point to the growing importance of the global South in the mobile money market. Increased device penetration has driven huge change already, but with much more still to come. At WorldRemit we look forward to embracing further shifts in what we believe will be the year of the Southern hemisphere."

Leading digital money transfer company WorldRemit has disrupted an industry previously dominated by offline legacy players, such as Western Union, by taking international money transfers online - making them more convenient, safer, faster and lower-cost. We currently send money from over 50 countries to recipients in over 150 countries across the world. We offer our service and operate in 6,500 money transfer corridors worldwide and employ over 800 people worldwide.

On the sending side WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, the company offers a wide range of payout options to recipients including bank deposit, cash collection, mobile airtime top-up and mobile money. Backed by Accel, TCV and Leapfrog – early investors in Facebook, Netflix and Slack – WorldRemit's headquarters are in London, UK with a global presence including offices in the United States , Canada , South Africa , Japan , Singapore , the Philippines , Australia and New Zealand .

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