World Cash Transfers
WORLD CASH TRANSFERS AND SMART VENTURES ANNOUNCE INTERNATIONAL PARTNERSHIP
Gold Coast Australia, Nov 2009
World Cash Transfers and Smart Ventures have partnered to introduce global money transfers that offer consumers low fees, instant transactions and a streamlined funds transfer experience.
Family remitters can now send money home easier, and cheaper, than ever before. By cutting back paperwork and transaction fees and offering instant transactions, World Cash Transfers has reduced both the time and cost of sending money. Customers welcome the affordable fees, while service providers applaud the fresh approach which means faster processing and fewer queues.
As the name suggests, World Cash Transfers is working towards a global distribution network. Collaboration with Smart Ventures will see services being developed throughout Asia and the Middle East. New services are expected to be welcomed by growing migrant communities in Australia and abroad who are limited in their choice of remittance providers.
“Our community based service is about reducing fees for customers and making the process quick and easy,” explains World Cash Transfers CEO, Martin Callaghan. “We wanted to remove the need for complicated forms and provide an instant service. There’s no reason family remittance should take days, and the fees some institutions charge disadvantage customers who’d like to send money home more often,” adds Mr Callaghan.
A prime objective of both companies is to ensure the service is community based. Smart Ventures will assist World Cash Transfers by setting up locally operated outlets to provide a range of flexible remittance options for senders and their beneficiaries — in line with World Cash Transfers’ motto ‘Your Cash. Your Way’.
World Cash Transfers also offers various corporate programs catering to international payment solutions with a focus on cost-effective bulk payments and debit card programs suited to commission-based payments and payroll.
World Cash Transfers is a company with a long-term vision – to provide better and more affordable services to a largely underserviced remittance market. The company has built unique software technology which processes international transfers and payments while offering full AML/CTF compliance reporting and data management in line with AUSTRAC regulatory requirements. WCT has formed strategic partnerships to offer worldwide access to remitters and provide economical processing for international payments of all kinds.
For further information contact Smart Ventures (A Division of Community Financial Services Group), phone +61 2 9945 0738, or email publicrelations@
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