| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 02 Feb 2026 | 41 | 32% | 53% | 15% | 67% |
| 01 Jan 2025 - 30 Jun 2025 | 07 Aug 2025 | 37 | 49% | 37% | 14% | 10% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 48 | 39% | 37% | 24% | 65% |
| 01 Jan 2024 - 30 Jun 2024 | 13 Aug 2024 | 51 | 32% | 45% | 23% | 50% |
| 01 Jul 2023 - 31 Dec 2023 | 13 Aug 2024 | 38 | 35% | 54% | 11% | 34% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 38 | 53% | 31% | 16% | 25% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 34 | 71% | 20% | 9% | 19% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 32 | 68% | 24% | 8% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 29 Jul 2022 | 32 | 68% | 24% | 8% | 23% |
| 01 Jul 2021 - 31 Dec 2021 | 17 Feb 2022 | 43 | 60% | 28% | 12% | 25% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 40 | 47% | 40% | 13% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Charges are paid within thirty (30) days of the valid invoice date. At the same time almost half of the suppliers are having shorter payment terms (e.g. 7- or 14-days post invoice date).
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
In case of a dispute, suppliers are informed directly by the receiving party or Accounts Payable and asked for further clarifications. The dispute may end in obtaining a credit note from a vendor or WorldRemit Service Company Limited paying the initial amount of the obligation in full
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
WorldRemit Service Company Limited is registered within the WorldRemit corporate group, a London headquartered international money transfer business. According to the group's own materials, WorldRemit lets customers send money from over 50 countries to nearly 150, using bank transfer, cash pickup, mobile money or airtime top up, accessed via website or app. The regulated UK entity within the group, WorldRemit Ltd, is authorised by the Financial Conduct Authority. The wider group reports serving millions of customers, employing over 1,000 staff across regional hubs, and operating in more than 130 countries. This registered company's own specific operational role is not detailed in the available evidence beyond its place within the group structure.
Generated from the company's website and Companies House records. Sources: worldremit.com · worldremit.com