With approximately 660,000 Ugandans in the diaspora, the remittance industry has witnessed an increase in money being sent to families and friends across Uganda. The World Bank in 2018 reported that those in the diaspora sent home over 1.4 billion US dollars in 2017. Uganda is noted among the largest remittance recipients in Sub-Saharan Africa.
WorldRemit is proud to help Ugandans abroad contribute to the progress of their home country’s economic growth and sustainability. Whether you are sending money for education, bills or for festivities such as Uganda’s Independence celebrations, it is important to us that they deliver your hard-earned money quickly and securely to your friends and family.
How to safely send money to Uganda using WorldRemit
Here are the top recommendations for staying safe when sending money to Uganda this festive season.
- Ensure that the platform is secure and encrypted
All connections to WorldRemit through their website and mobile app are secure and encrypted so that the information exchanged between your browser and the platform is not accessible by any third party. This means that you can trust the company with your sensitive data, such as your password or contact details, without worrying about any prying eyes. The WorldRemit systems allow for screening transactions and looking for signs of suspicious activity.
- Make sure the payment system is reliable and secure
At WorldRemit, advanced systems are set up to help process debit and credit card payments securely. The website and mobile app use a 3D Secure technology, which is designed to ensure that it is you who is using your card. Only you know what your verification code is, WorldRemit can not see this personal information.
- Check for Regulatory Standards and Compliance
WorldRemit is a fully licensed international remittance service. Operating as an Authorised Electronic Money Institution, they are regulated by the Financial Conduct Authority (FCA) in the UK, meaning that they are obliged to follow very strict rules to keep your data secure. When they send money internationally, they also have to meet the requirements of global regulatory bodies. By adhering to each country’s regulations, they can further protect their customers and safeguard your money.
Safety is an ongoing goal, and we continuously work to ensure that our Compliance and Security teams are continuously monitoring.
- Is the company backed up by a strong security team?
From Compliance to Security teams, WorldRemit is constantly monitoring transactions and looking for signs of suspicious activity. If something doesn’t add up, they take immediate action to protect your account, sensitive details and money.
All accounts and transactions are carefully reviewed to ensure they are not being used for the wrong purposes. If they suspect that someone knows your password, they’ll temporarily freeze your account and reach out to you to help you secure your user profile.
- Is the Customer Service always available?
When it comes to sending money to family and friends, peace of mind is everything. It’s a relief to know that there is someone available to help resolve issues, as soon as possible. That is the case with WorldRemit, whose customer service team is available 24/7.
- Reputation is key
WorldRemit are a reputable, award-winning company, serving over 6,500 money transfer routes globally. Today, millions of customers have come to trust them with their money.
The company takes pride in being a trustworthy and secure global payments company, supporting Africa’s initiatives in driving digital transactions and financial inclusion. If you’re looking for more information on how they protect your money, visit their Staying Safe Online page.