BECOME A FINTECH!
CONTROL FOREIGN REMITTANCE
Integrate with Simple Transfer and gain a disruptive advantage in the money remittance sector. No more depending on international remittance companies. With Simple Transfer, you are the only brand that engages with the sender & receiver!
LAUNCH A MONEY TRANSFER SERVICE
Watch the video to find out how you could introduce a new revenue-generating product and thrive!
Launching a financial product like money remittance is not easy. You need an FCA licence, technology platform and full-proof compliance process in place. Simple Transfer gives you easy access to money transfer service for your customers through a white-label solution. We provide a full end to end technology, compliance and licencing solution while you onboard your customers under your very own brand! Watch the video now and contact us.
TAKE CONTROL OF FOREIGN REMITTANCE
Assuming you are a bank, mobile wallet or financial institution that values receiving foreign remittance, now there is a way to control and direct remittances to find way to your bank!
We enable your customers to initiate remittance from your app or website. This means no more waiting for foreign remittance but taking control of how foreign remittance lands with your bank. Fill the form and get in touch with us.
Redefining how remittance is done!
We have been working closely in the money remittance industry for the last decade. We have worked with consumers directly and also provided services to businesses in various ways.
Our experience in the B2C market led us to appreciate that the biggest challenge in the remittance industry is to acquire customers. It not only costs a lot but also there is a lack of loyalty in the market due to the nature of the fee-based pre-paid transaction model.
We are here to change that. We are not doing it alone. We are doing it with businesses that possess a significant number of migrant customers catering for other services e.g. telecom, travel, media, etc. We provide them with the technology, compliance, and licence to operate as our agent. In return, the partnering business simply onboards its customers for the remittance product. We work on a revenue share model with our partners. This is the most effective way to compete with big players without needing big investment and a high level of resources.
What about the receiving side of the remittance transaction? We think the remittance process needs to be redesigned. There is much pain on the sender in initiating a remittance transaction. Not only she departs with her money but also she has to obtain the account details of the receiver, enter those details without error, complete an arduous due diligence process, and so on. It is a big event to send money, set aside 15 minutes to do the job!
Compare this with paying for something on Amazon or a coffee shop. The receiver makes the payer's life as simple as it could get to make a payment. Therefore, it would be quite handy if we could re-engineer the remittance process and get the receiver to initiate the process by entering their banking details. This will leave the sender to simply do due diligence and make the payment.
This could have far-reaching implications for financial institutions, banks & mobile wallets. Till now they play the role of a bystander or a simple channel without control of the transaction.
If we place the receiver as the initiator of the transaction then the receive country banks and wallets get a fair shot to compete in which account the receiver will receive remittance. The receiver may have multiple accounts and mobile wallets. The easier the banking provider can make it for the receiver to initiate the transaction, the more business they can expect to get.
That's where Simple Transfer comes in.
We enable the foreign banks and mobile wallets not only to initiate the remittance request but also to receive that remittance through a white-label platform without the need for many integrations with global remittance providers. Through this, the banks and wallets in receive countries can have control over inward foreign remittance.
Got Questions? We’re Here to Help.
IT ALL SOUNDS GREAT, BUT HOW LONG DOES IT TAKE AND HOW MUCH DOES IT COST TO LAUNCH A WHITE-LABEL PRODUCT?
It costs just a fraction of what it would cost if you were to develop the technology in-house and manage the compliance process plus obtain the FCA licence.
On the timeline, working with us means you can get your product to market within 2 to 3 months only instead of 12 to 18 months if you were to do it yourself without any further complications on the way.
WHAT IS DIFFERENT ABOUT YOUR PROPOSITION THAN HIGH STREET AND DIGITAL REMITTANCE PROVIDERS?
The major difference is we are flexible in designing the service and you can tag your existing product earnings in a bundle with remittance services.
This gives you the freedom to design your service and fees and it gives your customers only one provider to go-to for all their needs.
Plus, there is a future in providing further fintech services for your customers e.g. e-wallets, insurance, etc.
Can’t find what you’re looking for? Our knowledgeable customer service team is here on demand. Call us now and speak to one of our representatives on 0203 570 0003.