Remittances

Remittances

As more and more people live and work abroad, the amount of money sent home has risen significantly.   It is estimated that approximately US$ 400 billion is remitted around the world by expat workers to their home countries every year.

irisguard's technologies enable secure compliance to Know Your Customer (KYC) and Anti-Money Laundering (AML) international regulations, ensuring a 100% accurate and secure transaction process.

Remittances to the unbanked are also possible, as the beneficiary can be fully authenticated and funds withdrawn using an iris-enabled ATM cash machine.