Just needs an
internet connection via 3/4G,
LTE, WiFi or satellite.
Safe, secure blockchain
solution to protect your money
Easy to use with in App chat function allowing you to send funds from the chat.
Safer than carrying cash. Password access to your account with a PIN number required to send money.
Simple six step process to sign up.
Visit Apple App Store or Google Play Store and search for iumiCash. Download for free and commence the 6 step sign up process
Visit any of our agents on our agents-list to deposit funds into your account fee free with a 1:1 conversion between $SBD and iumiCash
Visit any of our agents on our agents-list to redeem $SBD from your account fee free with a 1:1 conversion between iumiCash and $SBD
The services are provided in the following territories by the described entities further referred to as iumiCash:
Solomon Islands: by iumiCash Limited, a Solomon Islands incorporated company with company number 20200170 and registered address of Baoro & Associates, Top Floor Ysato Building, Commonwealth Street, Honiara Solomon Islands. Usage of iumiCash services in Solomon Islands is subject to Solomon Islands laws.
Samoa: by iumiCash Pacific Pty Ltd, an Australian incorporated company with company number 650 964 248 and registered address of Bob Reus & Co, Suite 2, 35-37 Princes Highway, Engadine, NSW, 2233, Australia in partnership with IMEX Samoa. IMEX Samoa maintains regulatory approval to operate in partnership with iumiCash Pacific Pty Ltd and the usage of the iumiCash service is governed by the laws of Australia.
iumiCash is the next-generation mobile smartphone-based e-Wallet solution available on multiple platforms. It works on Apple and Android-compatible smartphones. The system stores local currency equivalents in your phone, allowing you to spend the funds via Merchants, Utilities or transfer money to family and friends. The funds stored on your phone are fully backed by local currency and deposited into a commercial bank account on your behalf. Cashing in and out is done fee free via any of our participating Agents. The latest list of agents will be displayed in the app. There are no monthly account fees, and the app is free to download from the App Store or Play Store.
Fees: There are only transaction fees when you send money (excluding physical Cash in and out via Agents). The sender pays a 1% transaction fee added to the amount they send. The receiver receives the full amount tendered. The storing of your iumiCash local currency equivalents in your account is fee free but it does not attract any interest like a bank savings account. It is a physical cash replacement. Topups to utilities such as power and water incur additional fees displayed within the app and may vary from time to time.
Security: iumiCash user registration is via the phone number, SMS/Text authentication for users and email authentication for Merchants and Agents. Username (phone number for users and email for Merchants/Agents) and passwords are required to log in to the system. Once logged in, a pin number is required as an extra level of security to send money. PIN and password recovery functions are available. The phone does not store the amount of money you have. The amount of money is stored on the backend system. In the event that a phone is lost or stolen, money can only be recovered upon logging back into the account via the user number/email and password. If the password has been forgotten, the password can only be reset by sending an SMS/Text to the users original phone number when they signed up for the account. Treat the access to the service like physical cash. If you lose physical cash it is gone forever.
Interent Access: The service requires a Smartphone with Internet access. The Internet access can be either via 3/4G, LTE, Wifi, Satellite Wi-Fi or tethering to another device. Without Internet access, funds cannot be transferred or received.
Anti Money Laundering: iumiCash has a strict policy on anti-money laundering which is available on our website.
Know Your Customer (KYC): When entering your details during signup, you must include your first name, last name, date of birth, home address and country of residence. Ensure these details are correct as to get verified by an agent, the above details must match your valid National ID documents such as a passport and/or drivers license. iumiCash does not retain a copy of these documents. The verification process is immediate at a iumiCash agent when the agent inspects your documents and compares them with the details entered into the App. After signup a user can remain unverified for a period of 3 months before being de-activated. Verification is a once off process completed by the agent is valid indefinitely.
Unverified user Maximum Wallet amount is $1,000, Maximum Single Transaction amount $20 and Maximum Total Daily Transaction amount $100.
Verified user Maximum Wallet amount $10,000, Maximum Single Transaction amount $2,000 and Maximum Total Daily Transaction amount $5,000.
Business accounts using the iumiCash Biz cannot be used at all without verification by a iumiCash Agent.
Deposit (Cashin) and Withdrawal (CashOut): To Deposit or Withdraw to/from the e-Wallet account for local currency, you visit in person an authorised iumiCash Agent. The process of Deposit and Withdrawal is immediate at the Agent provided the Agent has the funds (iumiCash for Deposits and local currency for Withdrawals) to complete the transaction. The list of agents is shown in the App who may vary from time to time. Withdrawal (Cashout) records are kept and may be provided to government authorities under a lawful request as part of Anti Money Laundering requirements. Withdrawal does not require you to provide any documents if you are a verified user.
Minors: In the event that a minor wishes to register for iumiCash provision of their respective guardian will suffice.
Restrictions: The iumiCash App can only be used in certain countries but users in FATF blacklisted countries, including North Korea, Myanmar and Iran are not permitted to register. Any country added to the FATF blacklist in the future and publish on https://www.fatf-gafi.org will be denied service.
info @ iumi.cash or visit https://iumi.cash/
Refund Policy: For Debit/Credit card account topups via the App, any claims for a refund resulting from fraudulent use of your Debit/Credit card to topup a iumiCash e-Wallet account must be made within 14 days of the transaction. To claim a refund against fraud, please initially contact you card provider to block your card, then contact our finance team at accounts @ iumi.cash . In your communications with iumiCash, please supply your Debit/Credit card statement showing the transaction date, time and details of the fraudulent iumiCash transaction to your card. Please also show your iumiCash account transaction statement to confirm your iumiCash account has not been topped up. If confirmed by iumiCash as a fraudulent transaction, in our sole discretion, a refund will be credited to your card within 45 days of a iumiCash fraud confirmation.
Limits on Liability: iumiCash makes no warranty, express or implied, regarding IumiCash Services. The iumiCash Services are offered on an “AS IS” and “AS AVAILABLE” basis without warranties of any kind, other than warranties that are incapable of exclusion, waiver, or limitation under the applicable laws. Without limiting the generality of the foregoing, iumiCash makes no warranty: (1) as to the quality or accuracy of transactional data or information received or transmitted using the iumiCash App; (2) as to any product or service obtained using the IumiCash App; (3) that the IumiCash products or services will be uninterrupted or error-free; or (4) that any particular result or information will be obtained.
iumiCash shall not be liable for any Claims arising from, in connection with, or as a result of any or all of the following:
Variation to Terms and Conditions: The Terms and Conditions described herein may change from time to time.
Last updated June 7, 2023
iumiCash Limited & iumiCash Pacific Pty Ltd
When you visit the Site, we automatically collect certain information about your device, including information about your web browser, IP address, time zone, and some of the cookies that are installed on your device. Additionally, as you browse the Site, we collect information about the individual web pages or products that you view, what websites or search terms referred you to the Site, and information about how you interact with the Site. We refer to this automatically-collected information as “Device Information.”
We use the Order Information that we collect generally to fulfil any orders placed through the Site (including processing your payment information, arranging for shipping, and providing you with invoices and/or order confirmations). Additionally, we use this Order Information to:
We use the Device Information that we collect to help us screen for potential risk and fraud (in particular, your IP address), and more generally to improve and optimize our Site (for example, by generating analytics about how our customers browse and interact with the Site, and to assess the success of our marketing and advertising campaigns).
When visiting iumi.cash website, we may share your Personal Information with third parties to help us use your Personal Information, as described above. We also use Google Analytics to help us understand how our customers use the Site–you can read more about how Google uses your Personal Information here: https://www.google.com/intl/en/policies/privacy/. You can also opt-out of Google Analytics here:https://tools.google.com/dlpage/gaoptout. Finally, we may also share your Personal Information to comply with applicable laws and regulations, to respond to a subpoena, search warrant or other lawful request for information we receive, or to otherwise protect our rights. Unless required by law, to respond to a subpoena, search warrant or other lawful request, PERSONAL INFORMATION GATHERED VIA OUR IUMICASH APP IS NOT SHARED WITH THIRD PARTIES.
Please note that we do not alter our Site’s data collection and use practices when we see a Do Not Track signal from your browser.
For more information about our privacy practices, if you have questions, or if you would like to make a complaint, please contact us by e-mail at email@example.com or by mail using the details provided: C/- Baoro and Associates, Top Floor, Ysato Building, Commonwealth Street, Honiara, Solomon Islands.
Anti-Money Laundering (AML), Counter-Financing of Terrorism (CFT) and Counter-Financing of Proliferation(CFP) Policy Statement
The main purpose of iumiCash Limited, a company incorporated and operating under the laws of Solomon Islands, and iumiCash Pacific Pty Ltd, a company incorporated under the laws of Australia (herein referred to as "the Company") is to create shareholder value whilst delivering a safe and secure financial service to our customers. As a financial transaction entity, the Company has a responsibility to maintain integrity and confidence of the public by ensuring it conducts its business in conformity with the law, industry norms, regulations, standards and codes of good practice in line with the tenets of a good corporate citizen.The Company is therefore strongly committed to prevent the use of its products, services, technologies and delivery channels for the commission or perpetration of financial crimes such as money laundering (ML), terrorist financing (TF) or the financing of proliferation (PF).To this end, the Company has devised a programme for anti-money laundering (AML), counter-financing of acts of terrorism (CFT) and counter-financing of proliferation (CFP) of arms of war and Nuclear, Biological and Chemical (NBC) weapons in line with the country`s anti-money laundering, counter-financing of terrorism and counter financing of proliferation legislation as well as international standards aimed at combatting money laundering, terrorism financing and the financing of proliferation.
The objectives of the programme are as follows:
2.1 To prevent the Company’s products, services, systems/channels from being used for money laundering, terrorism financing or the financing of proliferation.
2.2 To establish a framework for adopting appropriate AML/CFTP procedures and controls in the operations/business processes of the Company.
2.3 To liaise and assist law enforcement agencies with regards to any investigations.
2.4 To monitor customer transactions to identify suspicious activity and report such activity to the Financial Intelligence Agency.
2.5 To maintain and comply with the legislative and regulatory requirements relating to record keeping and record retention periods.
2.6 To protect the Company`s reputation.
The AML/CFT/CFP Policies and procedures are applicable to all Employees of the Company, its Contractors, Agents, and the Board of Directors. This also includes all branches and majority owned subsidiaries of the group whether in country or in foreign jurisdictions.
The Company AML/CFT/CFP compliance programme is based on the following;
4.1 The Company subscribes to international standards such as the Financial Action Task Force 40 recommendations, The United Nations Security Council resolutions on AML/CFT/CFP Policy Statement 2019 Sanctions, The Office of Foreign Assets Control (OFAC), and the European Union.
4.2 The Company complies with local AML regulations in the countries it operates.
The key components of the AML/CFT/CFP programme encompass the following:
5.1 Board approved AML/CFT/CFP Policy and Procedures.
5.2 Designated Money Laundering Reporting Officer (MLRO).
5.3 ML/TF/PF risk assessments.
5.4 Ongoing employee AML/CFT/CFP Training.
5.5 Independent testing.
The programme is underpinned by the following key elements:
6.1 Customer Due Diligence including ongoing due diligence and enhanced due diligence.
6.2 Sanctions Screening of customers and transactions.
6.3 Suspicious Transactions and Threshold Transactions Reporting.
6.4 Monitoring and reporting of Complex, Unusual and High Risk Transactions.
6.5 Risk Based Approach using policies, procedures, processes, systems and controls to identify, manage and mitigate money laundering and terrorism/proliferation financing risks.
6.6 Ongoing employee training and customer education.
6.7 Continuous review and updating of the AML/CFT/CFP Policy and its corresponding AML/CFT/CFP Standards as threats and international standards evolve to prevent and detect ML, TF, or PF risks.
6.8 Independent testing of the programme.
The information about customers and their transactions obtained in thecourse of fulfilling AML/CFT/CFP obligations is considered confidential. Therefore, employees are encouraged to avoid disclosure to other parties or to the customer of any suspicions identified, investigated or reported. For any further information, kindly contact the Company via email at firstname.lastname@example.org