VaultID Group Ltd and Island Dream Money; joint venture now offers Remittance transfers to Timor-Leste unbanked population through a new paradigm in eKYC

MELBOURNE, Australia, Oct 29 (Bernama-AsiaNet) — VaultID Group Ltd creates a financial and digital footprint for the “unbanked”. VaultID’s application ‘myVault’ enables the onboarding of potential consumers through a mix of traditional KYC/AML systems, enhanced with biometric image to document scanning and in-government official witness attestation (People who do not qualify due to lack of identification, will now be able to access financial products through VaultID’s eKYC verification process.)

Island Dream Money in conjunction with MoneyGram, provide safe money transfer products to over 200 countries. Island Dream Money holds the exclusive license with MoneyGram to service Timor-Leste and the rest of the world with money transfer services.

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