WorldRemit assures customers of no exposure to WireCard

London - June 29, 2020 - WorldRemit CEO Breon Corcoran said, “We have followed last week’s news of €1.9 billion missing from the accounts of the German company Wirecard. We want to reassure our customers that we do not use or have any funds stored with Wirecard and WorldRemit is not affected by WireCard’s recent failure. 

The safeguarding of customer funds globally is an essential part of the way in which WorldRemit operates. This is not only to comply with our regulatory requirements but because we recognise the fundamental importance of trust in the relationship between our customers and us. WorldRemit works with blue-chip banking partners and client funds are held and managed through bank accounts held in JP Morgan, Barclays, and Silicon Valley Bank. WorldRemit has a strong balance sheet, including nearly $100 M in unrestricted cash.  Additionally, WorldRemit is backed by strong investors such as Accel, TCV, and LeapFrog Investments.

When WorldRemit’s 5 million current customers or future customers use our money transfer service, their money is safe and secure. Our customers are of the utmost importance to each of us at WorldRemit.  Everything we do is done to ensure that our customers know when using WorldRemit their money is safe and will securely get to their loved ones to enable them to achieve their individual goals.” 

Press Enquiries

About WorldRemit

We are a leading global payments company and, along with Sendwave, part of Zepz, a group powering two global remittance brands. 

We disrupted an industry previously dominated by offline legacy players by taking international money transfers online – making them safer, faster and lower cost. We currently operate in more than 5,000 money transfer corridors worldwide and as part of Zepz, are part of a 1,400 person global workforce.

Sending money with WorldRemit is 100% digital (cashless), increasing convenience and enhancing security. For those receiving money, we offer a wide range of options, including bank transfer, cash pickup, airtime top up and mobile money. 

Backed by Accel, TCV and Leapfrog – WorldRemit’s headquarters are in London, United Kingdom, with regional offices in the United States, Poland, Canada, Australia, Hong Kong, Singapore, Malaysia, the Philippines, South Africa, Somaliland, Uganda, Kenya, Rwanda, Tanzania, Zimbabwe and Belgium.

About Zepz

Zepz Group is the group powering leading global remittance brands: WorldRemit and Sendwave. Since 2021, Zepz Group has been disrupting an industry previously dominated by offline legacy players by reducing the barriers to finance and increasing safety and convenience for users. Every day, Zepz Group and its brands work towards unlocking the prosperity of cross-border communities through finance and technology - driven by the vision of a world that celebrates migrants’ impact on prosperity, at home and abroad.

Zepz Group brands have helped cross-border communities send over $15bn from 50 countries, to recipients in 130 countries in 2022, and operate over 5,000 money transfer corridors worldwide. Zepz Group employs over 1,400 people globally as a remote-first employer, with team members located across six continents.