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World Cash Transfers (WCT) is an international funds transfer company, which uses non-bank methods to send and receive cash instantly.
“…US$400 billion is sent home each year by nationals living abroad…” Feb 2008, Australian Financial Review
Our benefits:
Low fees
High convenience
Instant transfer
Our goal is to lower costs and reduce time on transactions and transfers.
Customer Cards (no form filling)
Bill pay - options
Mobile top-ups - options
Who is World Cash Transfers?
How did World Cash Transfers Start?
WCT has formed in collaboration with Pan Pacific Transfers Ltd. Together with their long-standing business relationships in the Pacific and experience working hand-in-hand with local communities, we are providing a fresh approach to low cost and convenient funds transfer.
Progress planPacific Rim
Samoa Tonga New Zealand Fiji Vanuatu
Other targeted markets Sri Lanka Pakistan Europe Philippines India China/Hong Kong
WCT Rollout
Staff payments Shipping companies Regional workers Transient workers
The World Bank has recognised the need for low-cost fees and instant funds transfers for remittances worldwide. The World Bank is committed to pressuring both banked and non-banked systems into providing lower costs.
WCT is actively working to deliver low cost fees and charges in both remittance and other payments such as migrant salary management.
WCT/PanPac has been recognised by the World Bank as an innovator in fee reductions.
The World Bank
WCT provides a unique and valuable service to workers from abroad as well as anybody wishing to transfer funds, enabling them to send money cheaply and instantly.
Our goal is to establish a highly accessible retail presence for World Cash Transfers in combination with existing community based outlets such as mobile phone stores, travel agencies and cultural centres.
WCT will also deploy throughout Australia Post outlets, potentially providing up to 19,000 access points across Australia to manage uploads to the WCT platform.
The Retail Environment
Computer Printer Available funds to distribute to customers
(if dispersing funds)
Internet (broadband is
preferred)
Merchant Requirements
The infrastructure required to become a World Cash Transfers Merchant is standard retail equipment.
World Cash Transfers provides a comprehensive suite of POS for in-store promotions including a full colour A2 size poster and a customer starter kit consisting of:
Point of Sale Collateral
BrochureWallet
World Cash Transfers
Card
Registration Form
The World Cash Transfers Website provides information for consumers about how to send and receive money. They can also register for a World Cash Transfers Card online.
The Website also links to the Transfer Management System (TMS) – a total online management platform for Merchants – where Merchants can login to perform a cash transfer transaction.
The World Cash Transfers Website
World Cash Transfers Website
The World Cash Transfers Customer Card eliminates the need for paperwork each time money is sent. This makes transactions quick and easy for customers and their recipients.
Customers register simply by providing details and showing proof of ID
WCT Customer Card
WCT System Process
Australia Samoa
Internet VPN Internet VPN
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Cash Transfer Process
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Master Account
Suffix 00 Suffix 01 Suffix 02
Island Account
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To become a World Cash Transfers Merchant, there are several key responsibilities that you must be willing to agree to:
Provide a friendly and helpful customer service
Payout your customers the full cash amount transferred
Have a correct and fully functional IT infrastructure
Store and distribute World Cash Transfer cards
Reconcile cash transfer takings on a daily basis
Merchant Responsibilities
Merchant Benefits
There are many benefits to becoming a World Cash Transfers Merchant, including:
Excellent remuneration on a per transaction basis
Increased foot traffic to your retail outlet
Opportunity to market your own products to WCT customers
Alignment with a growing Global funds transfer service
Thank you