Why Use WorldCom Finance for Money Transfers?

So, there came the time when you found yourself in the need of making a money transfer abroad. If you are an overseas employee in a foreign country, this is a situation that you are going to come across quite often. At WorldCom Finance we know how tough it may be to find out why send money with a money transfer service and not with a bank.

Why consider sending with a money transfer provider?

Whether you’re making regular international payments, or simply need to make a one-off money transfer to a receiver anywhere on the globe, exchange rates and transfer fees can make a big difference to the amount your receiver ends up with. Our experts at WorldCom Finance will help you get more for your money – we have lower fees as compared to banks or other remittance institutions.

Why WorldCom Finance instead of your bank?

Because making money transfers with us is much cheaper, faster and more convenient than doing so with a bank. At the same time, we can provide the same security levels as does a bank. We offer unmatched exchange rates and with no hidden costs on wither the sender’s or the receiver’s end. What’s more, your first transfer will be completely free of charge.

Secure your money: it’s received within minutes

It lasts quite long for a bank to proceed your transfer. With WorldCom Finance, it’s a matter of minutes. You don’t have to wonder whether the transaction will be received, because it’s there within a couple of minutes! We use the most secure, reliable methods available to make your international transfers. This way you can be sure that your money will arrive safely where you need it.

Enjoy exceptional customer care

Got a question? No need to hold the line for hours before the customer care of that financial institution has a free line. Our customer care is well-trained and ever ready to answer any question on your end!

Choose us because:

-We will get you the best exchange rate available, enabling your loved ones to receive more.

-We will never charge any hidden costs on your or the receiver’s end.

- We use the most reliable payment methods available, ensuring that your funds are quickly and securely.

- Our support is always readily available throughout the day.

- We care for our customers!

Make your first transfer with us, and see for yourself!

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WorldCom Finance Cooperation with Asia Telecom, HK

We are happy to announce a new cooperation for WorldCom Finance. As a global company, we strive to cooperate with a number of industry leaders in various locations on the globe to make the services we offer more efficient for our clients.

Today the cooperation with Asia Telecom, HK is deeply rooted and our joint forces in Hong Kong help the two companies boost their customer care and services.

Asia Telecom has passed a long route from formation to establishing itself as a leading Telecommunications company in Hong Kong.  Founded in Hong Kong in 1997, it currently has subsidiaries in Singapore, Taiwan, New Zealand, Philippines and Indonesia. Asia Telecom provides telecom products and value added services designed to meet the needs of consumers and corporations at affordable prices.

We hope that our cooperation will be sealed for the years to come, and we encourage our clients to tune in for some good news from both companies! To be the first to learn about new offers and promotions, follow our Facebook pages!

WorldCom Finance
Asia Telecom

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The Launch of VauxTalk in Israel

 WorldCom Finance has been known for serving its customers exceptional services in the money transfer industry for a long time. And why do people use money transfer services? The number one reason is that they are away from home!

So, we at WolrdCom Finance came up with an idea to connect our users with their loved ones even more, and make it easy and effortless for them.

In the scope of cooperation between WorldCom Finance and VauxTalk, the application is now going to be launched in Israel. 

What is VauxTalk?

VauxTalk is the ultimate app for international calls and messaging. It offers unparalleled rates along with exceptional user experience. The quality of the calls is extremely high and each user has a chance to experience connection with their loved ones at quite a new level.

Cooperation with WorldCom Finance

VaucTalk’s API connections will allow WorldCom Finance customers to load their app with money at any of the WorldCom Finance 120 locations all around Israel. There is no extra cost associated with adding money to the app in one of those locations.

Overall, WorldCom Finance and VauxTalk users get availability and exceptional service for affordable prices! 

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WorldCom Finance New Head Office

Have you visited our new head office? If not, it's time to do so! Tune in to V-Tower, 23 Bar Cochva St. Benei Brak and discover our awesome office area!

Why have an awesome office? 

Why do we believe that having a nice office area is very important? If you come into the office in the morning and everything looks uniform, gray, bland and boring, chances are high that your thinking will be the same. However, if you come into a place that's stimulating, your mind will become more creative. And that's exactly what we have as a goal!

We value our employees and want them to be motivated to better serve our clients' needs!

Creative surroundings make employees happy, and it's a good way for management to show it cares!

Remembering our path

Today WorldCom Finance employees work in an awesome office, and we also wanted them all to remember the long road they have traveled with us. Upon entering the office, you can see a picture of our previous office, the one when many of our awesome employees got started with WorldCom Finance!

Thrilled? Tune in into our new working area and see for yourself! 

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Why OFWs Don't Save Money: Save with WorldCom Finance

Did you know that despite working long hours and difficult jobs in Israel only two in five overseas Filipino workers are able to save money, according to the Philippine Statistics Authority?  This worrying trend of circumstances has been growing despite the fact that OFWs collectively send an astonishing 25 billion to Philippines in remittances. Salary abroad is supposed to be much higher than wages in Philippines, something we at WorldCom Finance can assert for Israel. In the end, that's the reason why around 10 million Filipinos decided to work in other countries. So why is it that OFWs still can't save any money and may end up in very bad conditions? There may be several unfortunate personal reasons to cite, but the most common one is actually overspending. 

Excessive Spending When Money Comes in

A lot of Filipinos live this scenario every month in their lives: they send money home at the beginning of the month, setting aside a sum for themselves. Their families, however, will live abundant lives during the first days after the money was received, spending on food and wants. And before you know it, the money will be up. So the OFW will be forced to send money home again, forcing him or her to work more hours or get into debt. This short-lived abundance approach has ruined the saving habits of millions of OFWs. 

"This tired mentality hounds many OFWs even as they land on different parts of the world. As soon as receiving their paychecks, they send a good amount back home to their families. Trouble is, the family treats this as a monthly allowance - a lifestyle upgrade - and not as an investment potential. Similarly, whatever is left from the OFW's salary is spent on gadgets, clothes, and branded goods - stuff of dreams."

Then the OFW will face the reality that his or her working contract has expired. However, there's not even a penny set aside. So, the only viable plan i this case is to apply again for another job and spend another year working away from the family. And because the OFWs have to pay high placement fees without having any savings to do so, they will opt for high-interest loans lwaving them stuck in debt. 

This will go on until the OFW can no longer find a job or reaches the age limit, only to find out his family resents him for not having a source of income. But if you don't want to find yourself in this situation, just follow up!

Start Making Savings

Want to save some money? Then do the following: set a side a portion of your salary away for savings before you plan your expenses and what amount to send back home. So, let's say you make USD 400. Set aside USD 100 and then only allocate your money to your and your family's expenses. 

But that's not the end to it. How do you make sure your family doesn't spend too much without taking care of the bills? There's a solution: WorldCom Finance. Use our services to pay directly for the bills, education and much more back at home. You will then decide how much to allocate for monthly spending and warn your family this sum is not extendable. 

Turn to us, and we will help you run your budget in a way that will make you successful in the future! 

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WorldCom Finance has long been known for offering its customers more than just service. We care deeply for every customer, and want to bring you the best experience. WorldCom Finance is also partnering with organizations that share our values and attitude, and one of our greatest partners is NAFILCO ( National Alliance of the Filipino Community in  Israel). Today, we collaborate to bring all of you an unforgettable experienc.
Introducing an exceptional event: Aiza Seguerra in ISRAEL for a benefit concert formed by concern Filipino group in collaboration with NAFILCO ( National Alliance of the Filipino Community in  Israel). This once-in-a-lifetime opportunity can be attended this month! And there are 2 concert nights, to be able to handle the large amount of interest towards the event.
This is indeed a rare opportunity to experience a great performance of a child wonder who created a name in the music industry and movies, made possible with the help of WorldCom Finance. So, just remember the dates:
June 24, 2016 St George Event Hall, Jerusalem
June 25, 2016 Duhl Auditorium, Tel Aviv
054-8814282
054-9037926
Let us be entertained by this talented fellow while supporting a Great Cause...REACHING OUT TO NAFILCO'S MISSION TO HELP OUR NEEDY KABABAYAN HERE IN ISRAEL!

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Why We Often Interview our Employees and Clients

It's no secret that we often hold face-to-face interviews with our clients and employees. We dedicate special time to this and ask important questions. Why? Because no matter how much we have reached, we always want to improve and reach more!

Interviewing employees

If you visit our Facebook page, you can see a large number of interviews with our employees. We often gather together and ask questions to understand what our staff enjoy, what inspires them in their work, what they would like to improve. And we consider all the suggestions, to make sure we offer the best working conditions to our employees, who help us shape our company success.
At WorldCom Finance we pride ourselves with a big number of employees who have been with us for years. In a very competitive market, it speaks a lot about the work culture and environment, about the way they enjoy their work. And we are constantly trying to offer them even more!

Interviewing clients

The second important activity to us is visiting our shop and talking to clients who happen to be at our shops. We use random visitors and ask questions to understand what they love and what they need most. It is very important to us to meet the needs and requirements of our clients and offer them the best, and it's our greatest inspiration in work!

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The "Spring Clean" for Your Finances

For most people, spring is the beginning of something new. This new start is the best time to think of some financial issues you were pushing back. The same way as many people do the "spring cleaning" of their houses, you could be getting yourself into cleaning up some mess around your finances and money management. 

This is why we at WorldCom Finance are there to back you up with what you need to know to be successful in this undertaking. 

1. Check up on your expenses

We often have a plan of expenses and a budget to which we try to stick. The first thing you should do is check up on this budget to see if everything you have there corresponds to your plan. If not, you need to revise and see which aspects of expenses give a crack to your budget. 

2. Check your money transfer rates

Do you have family or friends overseas that you regularly send money to? I guess you have, if you are reading our blog. If so, what method of money transfer do you use? In many cases, chances are that you simply stick to the facilities at your own bank? Most banks offer introductory deals on international money transfers. However, you need to check up on the rates. 

Do you get the best value for your money?Remember, every dollar in bank or transfer fees that you pay is a dollar you could be sending to your loved to care for some issues at home. In a similar manner, you could be spending this money on yourself. 

So, what you need to do is check your current rate, and compare it with a high value, professional money remittance service such as ours at WorldCom Finance. We can guarantee that you’ll be amazed at the money you’ll save over the coming year if you rule out excessive expenses and send money with WorldCom Finance! 

Get to know more about the services that we offer in our website.

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Partnership with NAFILCO of Israel

It's no big secret that the Filipino community in Israel is one of the biggest ones. A lot of Filipinos leave their homeland in search of better work conditions to support their families. And Israel has been a proud host of thousands of Filipino workers for years! Filipino employees have always had better working conditions and higher pay rates than in any other country in the region.

We at WorldCom Finance know the difficulty of adjusting to life in a new country, learning to connect to your family and managing money in a way that secures Overseas Filipino Workers a brighter future.

WorldCom Finance Agenda since the company establishment was to be part of the Filipino community and to support it in the following niches:

1.Educate in right financial management

WorldCom Finance was the first company that started  to open saving accounts in Philippines to the OFWs. In terms of Banking solutions, we took it to bring an expert consultant to Israel by WorldCom Finance a few years ago, to teach and guide the OFWs in Israel on saving money, managing money and other money management experiences.

 2. Support the community 

Over the years, the company donated money to the Filipino  community in Israel, for important holiday events, sporting events and sport tournaments that organized from time to time.

Today there are 30 different Filipino organizations in Israel, and WorldCom Finance chose to support NAFILCO  because NAFILCO represents 18 different organizations and as we see it, NAFILCO really cares for the simple Filipino workers.

In terms of this new partnership we raised many issues that needed to be resolved for making the conditions for the Filipino community better, and addressed possible solutions. Now, we pride ourselves in this strong partnership that is going to be lasting.

We encourage all the representatives of the Filipino community to get connected with us if they need consulting or want to use reliable money transfer and management services. We care to serve our users the best. Trust us, and see the way we help to change your life for the better!

In the scope of its activities for the OFWs community, we have already reached notable success and now we are starting to do the same in Hong Kong and preparing to move to the UK and Europe in 2016

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Sunrise Bank Representatives Seal the Exclusive Partnership with WorldCom Finance with a Visit

Great things come to those who wait? No way! We'd say- great things come to those who work hard, embrace the change and offer the best services to their users! It's something that can be said both about WorldCom Finance and the Nepalese Sunrise Bank.  So it's especially pleasant to see those great things happen to our two great companies in partnership. Today we take it to congratulate ourselves and the Sunrise bank with the expressions of  great partnership between the two companies!

The good news came on Friday, April 1. The representatives of both companies, together with a large number of participants from Israel and the Nepalese community in Israel gathered at the Grand Hall at 22 Yesod Ha'maala St., Tel Aviv to emphasize their cooperation and lecture the participants on important money management topics. The talk also centered on providing finance education on correct banking, loans, money transfers, importance of savings and many other topics. The participants were happy to share knowledge and expertise, ask the questions they had in mind and learn new important information to make their lives more secure financially. 

We are going to keep all of you posted on the recent developments in cooperation with Sunrise Bank. Make sure to forward us with any questions you have by simply contacting our Facebook page. 

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WorldCom Finance Partnering with YES Bank of India

WorldCom Finance is happy to announce the establishment of a new business partnership with YES BANK of India.

Yes Bank is the fastest growing bank in India. Currently it is India’s fifth largest private sector Bank with a pan Indian presence across all 29 states and 7 Union Territories of India. The bank has established over 630 branches in 375 cities of the country, as well as over 1150 ATMs across the country. Its large network makes it one of the most accessible banks of India. The bank has received several national and international honors for our various. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “Building the Finest Quality Bank of the World in India” by 2020.

YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.

And today, we are happy to announce that WorldCom Finance has become the banks sole partnering representative in Israel.

 From now on, all Indians based in Israel can transfer money and receive it instantly by pick, or make a fast bank account deposit in any bank they wish in India.

Just walk into any of WorldCom Finance’s 120 locations around Israel and ask to send money through YES BANK.
Your money will be securely sent within instances.
We value this partnership very much and are very proud of it. WorldCom Finance constantly works to bring a better experience to all our users!

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The New Hong Kong JV - AT Services

Overview

Pursuant to a Founders Agreement dated 1 November 2015 made between WIC WorldCom Finance Ltd. and Asia Telecom Ltd. (“Asia Telecom”), a Hong Kong licensed money operator was established on 24 July 2015 named AT Services, Hong Kong.  A Licence for Operating Money Service Number 15-10-01732 was issued by the Customs and Excise Department for operating money service.  The prime objective of AT Services will be to leverage the existing retail customer franchise of Asia

Products of AT Services

The product portfolio of AT Services will be to continuously expand to cater to a wider range of needs of migrant workers. The following products are already designed and have been test marketed through Asia Telecom in the last two years:

A.            Health Cards for Filipinos – Dental card, Emergency Card, HMO, Family Protect 365

B.            Health Card for Indonesians – Bundled product for family protection

C.            Health Cards for Nepalese – comprehensive health check up

D.            Remittances – Asia Telecom had  a remittance license in Hong Kong, which it has surrendered and ceased operations,  as now AT Services already owns the license

AT Services will also serve as a vehicle for growing remittances business. With access to the Asia Telecom large customer base of Filipinos and Indonesians, AT Services already has an initial captive customer base to build upon.

 Asia Telecom- WorldCom Finance’s Hong Kong partner 

Asia Telecom is a global telecommunications company based in Hong Kong with subsidiaries in Singapore, Taiwan, New Zealand, Philippines and Indonesia. Asia Telecom has been serving major corporates, consulates and an array of individual customers over the last 17 years. A large part of their retail clientele consists of Overseas Foreign Workers (OFW’s) from different counties such as Philippines, Indonesia and Nepal.

As a continuous endeavour to look at new product offerings, Asia Telecom has decided to partner with WorldCom Finance and together to obtain a remittance license in Hong Kong, in order to offer  a convenient remittance product to their existing customer base who use Asia Telecom as a long distance telecom services provider.

The service is a cross sell service to AsiaTel existing customers, and is  planned to be marketed out of their own network through distributors or retail outlets..

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The Businesses of the WIC WorldCom Group of Companies

The WIC WorldCom Group is a specialist payment collection network, developed for cash-payment of bills, cash-payments of services, and cash-prepayments for mobile telephones and energy meters. With 3400 locations in Israel alone, WIC WorldCom Group is currently the market leader of the Israeli electronic prepaid market and the largest distributor of telecommunications merchandise.

WIC WorldCom Group specializes in sourcing and distributing of telecom products such as cellular phones and accessories, and also telecom hardware products of the latest technologies that make up a large part of the services which WIC provides its consumers. Distributed through its chain of Orange branded stores to the end customer, WIC utilizes its control over the entire sales channel to deliver cut rate products to its customers.

The WIC Group Companies:

WIC WorldCom International Communications Ltd. (Israel):

WIC WorldCom International Communications Ltd. (Israel) was founded in 2003 and registered in Israel.  It is in the market for over 10 years having interconnections with more than 600 international carriers. WIC WorldCom International Communications is one of the biggest players in the Middle East with over 100 employees working in different countries around the world. Its offices are located in Armenia, Israel, Philippines, Hong Kong and UK.

WIC WorldCom Finance Ltd. (Israel)

Founded in 2009 in Israel and its business activities are developing and providing Internet platforms for swiftly transferring money; cash pick up between countries, deposit funds into bank accounts worldwide; also the company provides debit cards and includes virtual accounts, opening bank account worldwide and payment solution for companies and merchants from all over the world.  It is licensed by the government of Israel to carry on finance activities and is regulated by the Ministry of Finance, Israel. 

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WorldCom Finance Announces a New Hong Kong JV

WIC WorldCom Finance Ltd. has executed a Joint Venture Agreement with Asia Telecom Ltd., Hong Kong to jointly establish and operate a licensed money transfer operator named AT Services. The management of the WIC WorldCom Group has determined that the HONG KONG JV  will enable WorldCom Finance’s  business to develop further into the Asia Pacific region  to positively materialise WorldCom Finance’s expansion targets primarily in contributing to a better product range, improve our service level to our existing  and loyal customer base, provide competitive conditions, faster and cheaper finance transactions. 

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Overseas Employees in Israel: WorldCom Finance There to Help

Today Israel is the 36 country in the world by the number of overseas employees. As a business that cares to make this experience smooth for people from all backgrounds, we’ve decided to single out some core information you need to settle in comfortably.

Why do people move to Israel? There are various reasons. The most common ones, however, are the good conditions offered as opposed to other countries: Israel has a thriving economy and technology. Once you decide to move, you need to figure out a couple of important points that will translate into your success in this country.

Choosing a Location

Expats in Israel generally tend to live in one of its main cities: Jerusalem which is both the capital and largest city in Israel. Others opt for Tel Aviv, which is the financial, commercial, industrial and cultural center of Israel. As for work opportunities, there may be more in Tel Aviv.

Getting Employment

The economy of Israel suggests that jobs are robust, and the right candidate can have the employment they are looking for. Most overseas workers find jobs as caregivers. There are many more working in construction, transport sector, and many more. Opportunities are numerous, and settling should be easy with proper knowledge of English.

Reconnecting

Overseas workers from a number of countries such as Philippines, Sri Lanka, Hong Kong and many others find it easier to adapt to Israeli mild working conditions. What they need to figure out is budgeting.

While wages are rather high in Israel as compared to their home destinations, overseas workers often struggle to save money or support their families properly.

Remember: when you first settle in Israel, you are most sensitive to fraud. Find a trusted service to manage the money you save and the money you send home. If you need assistance, and want to be guided in a transparent way, contact WorldCom Finance.

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Money Transfer Industry Growth: The Big Fish and Recent Developments

In the times that we live in, it's no surprise that people change locations for better financial conditions. Today's global marketplaces allow to be flexible in terms of working conditions. So, if local markets are in a state of crisis or harbour fewer opportunities, people tend to move and try better opportunities.

It's here that these people all need to do one thing: send money to their families back home. This reality has given an extensive rise to the money transfer industry all over the world.

There are hundreds of companies out there all focusing on money transfer. Why? For one simple reason? People send around 450 billion USD to developing countries per year! 

Which countries are the leaders in receiving money through money transfer?

India, China and the Philippines are the top three countries. In terms of continents, Asia is the biggest recipient by far.  

Who are traditionally the biggest players?

While the majority of the transactions is being handled by banks and industry giants, there are other companies breaking into the monopoly to offer more affordable and transparent transactions. WorldCom Finace is one of these companies which broke into the arena of money remittances in 2010.

WorldCom Finance offers the same services that industry leaders do, but does so quicker and at more affordable prices. Why not save up the fees you would normally pay at a bank and enjoy the luxury of spending them for your own needs? Give it a second thought!

Security concerns, fraud and other issues

Money transfer operators have long been used by fraudsters, to the extent that Western Union detail some of the most common scams on their website. The fact that you don’t need a bank account, and only minimal identification, make traditional remittance companies attractive to unscrupulous characters who are looking to part the naive from their cash.

Sending money to developing countries comes with its own set of challenges – many people have no access to a bank account, let alone the internet or even a phone line.

As mentioned above, the backlash against remittance fees has well and truly started, with many calling for stricter regulation on the fees charged. In November 2014, the Labour MP Tessa Jowell started a campaign to cap excessive charges. Whether successful or not, this publicity has put high street money transfer operators in the spotlight.

For more information, read our article which looks in more details at the various money transfer options, and the pros and cons of each.

What does the future look like?

As more remittance recipients have access to financial services such as basic bank accounts, and internet use increases, there is no doubt that fast and cheaper online transfer will become more popular. It will be interesting to see how the high street money transfer operators step up to this challenge – but one thing is for sure: Companies like TransferWise are giving customers greater choice, safety and control, which can only be a good thing for those sending and receiving money internationally.

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3 tips if you are an overseas worker

The world is getting more and more global nowadays, borders vanish, and people from different countries set out to earn for a better life away from home.

Just one example: in 2015 around 2.5 million Filipinos left their homeland in search of a better life. They often start the simplest or the most underestimated jobs overseas; however, the money they make is more than enough to live a descent life for a long time in their homeland, if this money is spent wisely.

However, is it? There is a large number of cases highlighting the sad truth overseas workers often face. While they send money home every month for years, their family spend this money freely without saving for the future.

“If the OFW fails to save enough money, they will come home after years of sacrificial work abroad with hardly any money or assets”.

This is a sad situation, because once back home, the workers who’ve been away from family for years may find themselves broke again. They either have to go abroad again, or work in the homeland for low wages.

So, how can an overseas worker control this situation and deal wisely with the money that coms his way?

1. Set a family budget based on needs

How much does your family need for descent living? Set a realistic amount based on what the family needs, not what it wants. Also, you can send money for specific needs separately.  Let’s say, your family has got to pay the bills: why not transfer the money to the accounts, and then send some money home for living. This way you can be sure your bills are paid and your family has enough to spend for the month. The same goes for mortgages, car credits and the like. It’s so much more tempting to spend the money when it’s at hand and then ask for more. So, manage your own finances. You may consider choosing a reliable money transfer service with affordable fees and no hidden costs to help you. Visit WorldCom Finance for more detail.

2. Set money aside on a monthly basis

While you send money home for family needs, you will still have extra money. Don’t blow it, save instead.  Start a bank account and transfer about 50% of your monthly earnings to this account. This money is your pledge for a better life once you reach home. Visit WorldCom Finance for more detail.

3. Educate yourself

Overseas workers often earn a lot, but still know little of the best ways to save and spend, ways to send money and make payments. This is a big danger as they may be deceived or let down.  Start educating yourself and making the first steps towards a brighter future with your loved ones.

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