V2REMIT - The future of instant global money transfer
V2REMIT is a revolutionary way for individuals to send money globally, 24/7 in less than 30 seconds, via smartphone, SMS, tablet, computer, or over the counter at one of our verified retail or banking agents.
The V2REMIT system enables a recipient to collect the cash transfer without the need for ATM/debit/credit card or bank account. This new innovation means that unbanked customers who previously had to rely upon expensive and traditional money transfer methods with costly fees to send and collect, can now safely, securely and instantly send money to their family and friends across the world in 60 seconds.
Global identification is the greatest issue facing the 5 billion unbanked customers around the world. Because these customers have not previously been officially verified and identified, they have suffered from having to use alternative and expensive ways to send money home to their loved ones. V2REMIT changes all that by enabling these types of customers to become fully identified through our V2ID instant electronic identification system. V2REMIT uses the V2ID solution which exceeds international banking standards and current compliance standards for Anti Money Laundering (AML) and Know Your Customer (KYC) laws globally, enabling the unbanked to become fully identified and verified, meaning the unbanked are no longer the under privileged.
V2REMIT for everyone
The V2REMIT 'white label' solution enables a bank, existing remittance company, telecommunications or a government, using their own familiar brand that their customers trust, to utilise V2REMIT's global remittance software solution that leverages the banking and financial services infrastructure using existing settlement and processing networks.
This turnkey solution exceeds international banking standards and provides a fast, simple process to identify customers as a part of the registration process.
Every customer must register with V2REMIT. This ensures
that all customers - both sender and receiver of money
transfers - are fully identified. It's knowing more about you
that ensures we protect your privacy.
The simple, one off registration process ensures that we create a secure financial transaction by being able to identify both Sender and Receiver. This creates total security by protecting your customers against fraud with a fully transparent secure loop system that ensures only the person,
friend or loved one, who is meant to receive that instant money transfer, receives it. Find out more about our state-of-the-art customer identification process in the V2ID section
How to Register
This demo explains the 7 easy steps to register a V2REMIT account.
Select your preferred language and country of residence2
Read and accept the terms & conditions3
Enter all required personal and identification related details into the relevant fields4
Register the account, debit card, credit card or e-wallet you wish to fund the transfer from
Enter the verification code that is sent via SMS instantly to your mobile6
Enter the verification code that is sent instantly to your email7
V2ID verification is approved. If not the system redirects you to the call centre to complete your application
How to Send
This demo explains the 8 easy steps to send money via V2REMIT.
Login to your account2
Select the person you wish to send the transfer to3
Enter amount and currency you would like the sender to receive4
Confirm the expiry time for the recipient to collect this transfer
Create a secret 4 digit PIN code for the recipient6
Add a personal message to your transaction7
Review transfer details and confirm the transaction8
A transaction reference number is supplied for every transfer
How to Collect
This demo explains the 5 easy steps to collect money via V2REMIT.
You will receive an MMS to notify that you have been sent a money transfer2
Click on the card image to view a full screen image of the live virtual debit card you have received3
Click on the link to see GPS mapping of the enabled ATM, Point of Sale (POS) or over the counter location closest to your current location
The sender can nominate a specific collecton location. The Street View function allows the recipient to view outlets if they are in an unfamiliar country or location5
The sender can opt for a detailed collection receipt to confirm exact details of the collected transfer
ATM withdrawls with no card required
- Send cash to your travelling employees & customers
- Have emergency cash sent to you when your credit card or wallet is lost or stolen
- Send cash nationally and internationally from debit/credit cards, bank accounts, cash or e-wallet
- 24 hour access to transfers from any V2REMIT linked and enabled ATM or Point of Sale (POS) locations
Easy online registration
- Easy, eight step process to sign up online
Send and receive money globally in 60 seconds
- Collection window can be set from within 72 hours up to 30 days from sending
- Transaction can be cancelled or recalled by sender at no penalty (less send fees) prior to cash being collected
- Automatic return of funds to sender (less send fees) if not collected by recipient within nominated time frame
- Sender receives SMS alert if funds are not collected
- Automated SMS confirmation to sender when funds are collected by recipient
Access your account on all your devices instantly
- Cloud servers makes it quick and effortless to access just about everything on the devices you use every day. Cloud technology automatically and securely stores your content so it's always available to your devices.
Fully encrypted & secure
- Electronic ID verification of both sender and receiver sets new global standard in risk mitigation, fraud and compliance
Transfer money direct from your mobile
- Send via mobile App or website without needing to know the recipient's bank account details
- V2PAY transfers are sent at the speed of SMS with no "express fee" charges
- Virtual Card Technology (VCT) means the recipient can collect the cash transfer without the need for ATM/debit/credit card or bank account
60 highly competitive exchange rates
- Lower send fees and no collection fees
- 60 currencies at highly competitive rates
No more queuing for customers to send or collect cash
- 24 hour access to transfers from any V2REMIT linked and enabled ATM or POS locations
Send or collect cash at any time
- 24/7 online service means emergency transfers can be sent at any time (therefore no delays due to cut-off times or out of office hours)
All transactions are 100% insured
- Our innovative V2ID product allows for complete safety while transferring money.
V2REMIT - Instant money transfer vs traditional methods
V2REMIT is a revolutionary way for people to send money to family, friends, loved ones or colleagues anywhere in the world via
|V2REMIT features vs Traditional methods||V2REMIT||Traditional|
|60 second transfer as standard|
|Collect transfers at ATM and Point of Sale (POS) locations without an ATM card|
|Transfers can be collected 24 hours a day, 7 days a week|
|All parties settled instantly on completed transfer|
|V2ID identification for each sender and receiver to counter fraud and ID theft|
|Access to 60 currencies|
|User-friendly interface with simple 5 step send process|
|Transfer received with Virtual Card Technology (VCT)|
|Sender and receiver electronically verified for AML/KYC|
|Send money transfers direct from your mobile phone|
|Collect transfers through the POS network|
|VCT enabling banks and institutions to brand the transfer|
|Card creation and settlement through existing global financial infrastructure|
|Paperless transfers for simple, error-free transactions|
|No queues to send money|
|GPS notification with transfer to identify nearest V2REMIT location|
|All money transfers are fully insured|
smartphone, SMS, tablet, computer, or over the counter at one of our verified retail or banking agents.
V2REMIT is an instant money transfer service that enables registered customers to be able to send money across the street or across the world in less than 60 seconds.
V2REMIT is a "white label" solution that enables a bank, existing remittance company or a telecommunications provider to offer a user friendly, instant money transfer solution to their customers, using their own familiar brand that their customers know and trust.
V2REMIT's global remittance software solution leverages the existing trusted, banking and financial services infrastructure. This turnkey solution exceeds international banking standards and provides a fast, simple process to identify customers as a part of the registration process.
Benefits for Existing Remittance Operators
- Access to up to 60 currencies across 100 countries
- Streamlined, paperless system to create operational efficiencies, reducing labour, fraud and increasing compliance standards
- Access to a global brand to enhance credibility and derive increased volume through expanded operator networks
- Increased points of delivery for money transfer globally, via the ATM, POS and over the counter network
- Reduced capital requirements for expansion into new markets
- Electronic identification of both sender and receiver creates brand credibility and provides compliance with global AML and KYC laws
- Transfers can be sent and received within 60 seconds
- Creates operational efficiency and mitigates human error and fraud
Our simple and intuitive interface makes it easy for all customers to be able to send money through the V2REMIT system.
Registered customers can send money transfers instantly via smartphone, SMS, tablet, computer, or at one of our verified retail or banking partners.
Benefits for Banks
- V2PAY offers banks an alternative to their current third party currency transfer systems with significant savings
- The V2PAY system will offer banks up to 60 currencies to complement their base portfolio of major currencies
- The V2PAY system is fully automated, which creates operational efficiencies and greater margins for money transfer systems
- The V2PAY system complies with international banking standards, utilising existing settlement and processing networks
- As convergence drives customers towards online and mobile banking solutions the V2REMIT system allows banks to have a greater presence and more engagement with their customers within the mobile money transfer space
- The V2REMIT system offers increased points of delivery for money transfer globally, via the ATM, POS and over the counter network
- Money transfers sent via the V2REMIT system are sent within 60 seconds, creating a heightened customer experience
- This can also be a revenue stream for banks if they choose to charge a premium for this 'instant' service
- Banks can brand the white label V2REMIT system as their own, enhancing their overall customer offering
- The V2REMIT system enables banks to drive incremental revenue by driving income through their ATM networks for international money transfers received
The V2REMIT software solution means that you will be able to offer your customers an instant money remittance service with access to 60 currencies across 100 countries.
Benefits for Telcos
- Enables telecommunications companies to engage in the global money transfer market
- Drive incremental revenue across core platforms by increasing call and SMS volumes locally and cross-border between sender and receiver
- Drive incremental revenue through increased mobile data usage
- The V2REMIT system will create an entirely new revenue stream by enabling Telcos to earn revenue from domestic and international money transfers
- The V2REMIT system adds true value to e-wallet product offerings by enabling customers to be able to send and access cash
- Create increased customer engagement or 'stickiness' with their Telco brand, therefore reducing customer churn and growing customer equity
- Greater footfall through Telco outlets as customers both send and collect money transfers
- White label V2REMIT system enables Telco to brand as their own, enhancing overall customer offering
- Remittance chain can become potential resellers of Telco services to provide greater footprint and market penetration
From anywhere to anywhere
The world is virtually within a keystroke. Enable your customers to send and receive money instantly, across the street or across the world. With access to the global ATM network and millions of Point of Sales (POS) locations, customers can collect a transfer instantly and securely at any time of the day or night. GPS mapping technology means that even a traveler in a foreign city feels at home with user friendly mapping technology to enable an easy method of locating their nearest collection point.
Benefits for Governments
- Automated system to allow for payments (welfare, benefits etc) to be cost effectively distributed
- Full ID verification system reduces fraud and tracks receipt of payments collected
- Allows for easy, low-cost one-off payments
- Utilises existing cash networks such as ATMs for local and international payments
- Instant payments system for emergency and disaster payments
- Set up and send in minutes
- Assisting with government payments to personnel in foreign countries
The V2REMIT solution integrates with existing secure global financial infrastructure including:
This delivers the highest possible security levels, complimented with an ease of integration to existing banking and financial systems. Both sender and receiver of a V2REMIT transaction are 100% verified through our V2ID technology. V2ID provides an electronic global identity with instant verification for over 3.5 billion people across the globe. Our verification process is one of the most advanced in the industry with comprehensive Know Your Customer (KYC) standards and AML compliance.