Soon to be established?

World First, one of the leading money transfer companies in the world is currently reshaping its brand and operations amid investment by Chinese giant Ant Financial as reported by CNBC and several additional publications. These media reportssay this is the reason World First had to close its USA business on January 31, 2019. What does it mean now that World First has shut down its USA operations? What does it mean that World First has shut down its USA operations?

1. World First are not accepting any USA based clients even if US citizens have dual nationalities.
2. Existing USA customers will not be allowed to trade any more and will have to take out any money being withheld by World First.
3. Reportedly, there will be a major layoff of employees employed by World First USA.
4. Transfers outbound from USA to a World First client will still be approved.
5. Online sellers from Europe, Australia, or Asia with a USD sub-account in the USA will still be able to deposit funds into it.

Who is Omega Money Transfer?

Omega money transfer, based on recent reporting, and on WorldFirst website will be the name of World First’s USA business which will operate separately from its UK, EU, Australia and Asia business. As more data about the timelines of opening Omega money transfer  becomesavailable, we will be sure to upload it in this page.worldfirst.com/usa/ Given, at the time of writing, we are now approaching June 2019 and there is still no further information surrounding Omega Money Transfer, this will be worrying for World Firsts previous clients based in the USA. If you are one of these clients we would love to hear from you. worldfirst.com/usa/ Do you have an Omega money transfer review available? Since the company is yet to be established, we cannot provide an Omega money transfer review for the moment. We can only make an assumption that Omega will hire the same people who were employed by World First, and hence will have a professional staff that adheres to the strictest standards of client service, as was World First USA’s staff.

Why do they need Omega money transfer separated from the UK business? Why is it so sudden?

Since the company is yet to be established, we cannot provide an Omega money transfer review for the moment. We can only make an assumption that Omega will hire the same people who were employed by World First, and hence will have a professional staff that adheres to the strictest standards of client service, as did World First USA’s old staff. The World First – Ant Financial has been reported as a £700m deal.

Why do they need Omega money transfer separated from the UK business? Why is it so sudden?

As described in the first paragraph of this article, these changes are occurring in order to facilitate the acquisition of World First by Ant Financial, the company behind Ali Baba and Ali Pay, which was unapproved by U.S regulators to purchase Moneygram for a consideration of  USD 1.2bn earlier this year. We believe that Ant Financial made it clear to World First’s current owners  they will not go through the same tribulations as they did earlier this year and would rather not be involved with any business operating from the USA, but this is merely our take on the subject.The World First – Ant Financial has been reported as a £700m deal.

Alternatives for USA Visitors

Until WorldFirst finds a resolution to handle American clients, if they ever will, you can look at the following alternatives below: