Transfer money across borders

In this type of international money transfer, the customers can simply send money to their family members and friends from their mobile phones. Similarly, the receivers can receive remittance directly into their mobile wallet account. The money thus received can be used for future financial transactions.

In this scenario, the amount sent is debited from the sender’s account and is credited to the receiver’s account after applying the applicable charges.

This type of international remittance enables its users to directly send money from their mobile phone to their friends and family’s bank account. In this scenario, the amount debited from the sender’s account is credited directly to their friends’ and family’s bank account after applying the applicable charges.

You can achieve this by two ways. First, by direct API integration of receiver’s bank as per the technology support and allowed regulations. Secondly, by a 3rd party switch that allows all the international transfers.

In this type, the customers can send money to their family members and friends via their mobile phones. The receivers on the other hand, can collect the money from IMT (International Money Transfer) partner agent in the form of cash.

For this, the receiver receives a code which he needs to produce at the IMT partner agent for cash collection. Once the transaction is completed, the sender receives a confirmation SMS of the same.