Android Pay now used for international P2P transfers, courtesy of WorldRemit

Friday, June 16, 2017

AndroidPay, Google’s wallet for Android devices, is getting a boost in its global profile and functionality today: WorldRemit, the $500 million remittance startup connected to around 120 million mobile money accounts globally, which lets residents in one country transfer money to family and friends in another, has announced that it will now let people make transfers using Google’s mobile wallet.

Android Pay will be used for paying into the app; those receiving the money can specify any mobile bank account to collect the transferred funds.

This is a first for Android Pay, which up to now has been used for in-app and contactless payments and to make P2P transfers to people in the same country, but never international P2P money transfers.

Source: TechCrunch (link opens in a new window)

digital payments, fintech, remittances