Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

PayRemit selects IDnow Middle East to power digital customer on boarding

by uma
Editorial & Advertiser disclosure

E-commerce app reinforces commitment to safe, reliable onboarding of customers PayRemit, the mobile e-commerce app which allows lower income workers to shop and pay in installments,has signed an agreement with DIFC-based IDnow Middle East to provide automated identity verification for the onboarding of PayRemit customers.
PayRemit provides an easy-to-use solution for lower income households to purchase items through low-cost installments, from mobile phones to household appliances.
Through this agreement, PayRemit will benefit from IDnow’s global expertise in digital identity proofing, ensuring customers experience secure, fast and convenient onboarding.
Speaking about the agreement, Vincent Paul Grey, CEO from PayRemit said, “We are committed to providing exceptional levels of customer experience and this cooperation with IDnow will empower us to improve the digital process of verifying
customer identities. Through this technology, we can enhance the speed, security and accuracy of customer onboarding.”
Basil Macklai, Head of Middle East at IDnow, added, “PayRemit is providing an essential service for workers who play such a crucial role in the UAE economy. We look forward to applying our extensive global experience of working with buy-now,
pay-later (BNPL) players to support PayRemit. Our cooperation will ensure world- class, secure digital identity proofing that makes it far easier for customers to set up an account and streamline approvals for the business.”
PayRemit will deploy AutoIdent, IDnow’s automated, AI-powered identity verification. AutoIdent helps businesses quickly verify the authenticity of their customers through their identity documents in just a few minutes, making digital onboarding processes scaleable, secure and highly assured.
PayRemit started in 2017 and has since grown to enable lower income workers to purchase items in the Philippines and the UAE, courtesy of a robust app and online platform. Around 2.2 million people (52% of the UAE workforce) are blue collar
workers, supporting a variety of sectors including construction, domestic work, transport, healthcare, manufacturing, security, and more. According to NOW Money, approximately 70% of salaries from low-income workers are shared with families in their home countries.
Customers can enjoy a growing range of products, with new items added weekly and the ability to better manage cash flow across convenient monthly installments.
Products can be bought in either the country of employment (UAE) or sent to families
abroad (the Philippines).

You may also like