Key Benefits of Currency Remit Apps

In ancient times, people use to move from one bank to another to reserve/store their money safety. General public use to rely on traditional banks for any kind of transaction they wish to perform. Gradually as time passed, newer technologies started to emerge and people started trying their hands on latest money transfer applications.

Here in this blog, we have discussed the benefits of currency remit app. Online banking became most talked topic of the era. As people started to use mobile banking applications, transactions became smooth and carried out with much ease. Any kind of monetary transaction became convenient with money transfer technology. Earlier people had to physically go to the place where banks are located, and carry out their tasks. But now with the advent of currency remit apps, handling of money has become right at the finger tips.

Definition of money transfer software:

When someone performs banking transactions online without any involvement of cash during the phase, then it becomes usage of money transfer software. Money transfer software provides the fast facility of digital payments with multi language options available along with multi currency options too. Any of its users can pay, transfer or lend money online.

Functionalities in a currency remit app are:

1. Make users enable for different types of transfers

2. Transfer money to multiple countries, any languages and any currencies.

3. Since it deals with money, it comes along with security and privacy standards and regulations.

4. Many facilities available such as online transfers and mobile transfers.

5. Collaborated with fraud protection software and anti-money laundering software

6. Keep a track of transaction ID and calculate transaction fee

7. Foreign exchange software integration

A currency remit app is a single platform for money transfer and currency remittance for people to transfer money from one location to another. It is highly safe and secure way for your money to reach through safest hands across borders. The best feature of currency remit app is that the effect is seen immediate, with instant transfer of sum to the intended parties. Another best feature of currency remit app is it follows foreign currency exchange system’s rules and regulations. It is fast and secure way to send money across different nations.

Types of money transfer possible are:

1. Bank transfer

2. Mobile Airtime

3. Mobile money

Benefits of Currency Remit App:

1. Saves time for important events

One of the main reasons why people prefer transferring money through monetary apps is that it is time saving. For any kind of emergency needs, your money will be reaching within 72 hours anywhere. You can save a lot of time with online transfer of money since you need not go to the place physically, instead you can invest the same time in other productive activities for your own self. Once the money transfer request is initiated, it passes through a secure layer, and at receiver end, the person get notified through their mobile phones. The receiver can store the funds in a mobile e-wallet form which is digital version of the wallet you carry in your pocket wherever you go and spend it directly from their device if their native country supports the necessary payment infrastructure. If online withdrawal is not supported, they can withdraw from the branch directly.

2. Keep track of Money Remitted

With so many financial transactions occurring around us, it is difficult task to keep a track of all the transactions you have made in the past. When you have phone bills to pay, along with gas bills to pay, and water usage bills with electricity amount, and the list goes endless, apps like currency remit apps, helps you keep a scheduled record of each and every activity happening with your bank account. It is not restricted to payment of bills, but also transferring money to your loved ones across different nations. Money needed for any purpose is compatible and eligible to transfer, whether it is down payment for house purchase or buying a new car.

3. A simple and safe way to transfer money

Using of currency remit app is quite an easy task. Even a layman can be made expert for using a money app. The structure of money transfer app is made really easy to understand so that anybody can use it and enjoy the benefits of money transfer app just sitting at home. The whole process is made convenient and extremely secure since it deals with people’s money. Even a non tech savvy person can navigate through this app. Even if you enter your bank PIN or highly secretive information, then too it is safe because of the build features inside it. It uses firewall security layer before each transaction takes place. There is protective layer generated when the transaction is initiated. This layer saves and protects your essential PIN’s and other information.

4. Multiple language support

These apps support many languages for customers from all across the globe can enjoy using the app. Therefore, language should never be a barrier for such kind of money transfer apps. It integrates multi languages to support to attend your customers hailing from different languages. We ensure that your customers deal in their preferred native languages.

5. Helps you Stay organized

Any kind of malware threat or any external threats are treated in money transfer apps. It helps you manage all your customer account details under one roof. If it finds any suspicious accounts, it immediately blocks it away to not hinder other transactions happening. These apps work on across any electronic devices, whether mobile, ipad, tablet, or I phone. It is tested and tried across all devices successfully.

Limitations that comes along with currency apps:

Each transaction has transfer limit beyond which a person cannot credit or debit through online transfer. Only up to certain dollars one can remit the amount in a single day. And cancelling transaction becomes tough, because once it is initiated then recurring back is difficult.

Each transaction will charge a base default charge for each transfer. A minimum of 8–10% percent fees is chargeable per transfer, depending on your bank.

Conclusion:

Hope you now understood the importance of a currency remit app in today’s scenario. It works miracles for all those who are wishing for safe and secure transfer. Therefore, go ahead and build your currency remit app through our dedicating team at JHK Infotech.

Thank you for reading my blog! Hope you all viewers found it interesting and knowledgeable! If any further queries persist, then do feel free to contact us on our e-mail address or contact number.

E-mail : info@jhkinfotech.com

Contact No : +91 94280 36436