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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