Digicel launches world's first biometric identification system for international money transfers
AUCKLAND, New Zealand — Digicel Pacific Limited, a mobile network operator across the Pacific and a division of Digicel Group, today announced it is deploying biometric enabled payment systems into stores in New Zealand to offer its Digicel Mobile Money customers a more convenient way to send money home to the Pacific.
The new system enables customers sending money home to register just once and record their fingerprint as permanent identification within the Digicel system. From that point on, existing customers simply scan their fingerprint at the VeriFone terminal to retrieve their details and make a new transaction - even if they registered at another store.
Regulators in New Zealand require that photo ID is recorded each time an international money transfer is made in order to satisfy Know Your Customer (KYC) requirements. The new fingerprint technology avoids the need for customers to provide identification each time they transact which means no forms to fill in and less time spent at the counter.
Darren McLean, Regional Commercial Director at Digicel Pacific, said; "KYC is an important requirement, but it takes time and means that customers must bring photo ID with them every time they want to send money. We set out to deliver a service that dramatically improved the speed and convenience for our customers and I am delighted that we have achieved our objective. Our new service is now the fastest way to send money to the Pacific."