INSUBCONTINENT EXCLUSIVE:
payment applications boom.The traditional banks and money transfer organizations have thus been forced to create enticing smartphone and
tablet-friendly apps to maintain their user bases, while tech companies not previously associated with financial services have also been
entering the fray, smelling an increasingly profitable opportunity amid a rapidly changing landscape.With a plethora of money transfer apps
other side of the world, and everything in between.1
individual users and businesses winning via its money transferring app
While the everyday user can make quick and simple payments via their phone, businesses are able to give an increasingly mobile-first
audience a smooth, handheld checkout on purchases
A big ecommerce box ticked
stored within their Venmo account
These transfers can be stored as a Venmo balance to be used later or cashed out immediately to a bank account.With its slick UI and
all-round convenience winning favor among millennials, businesses seeking to tap this younger market will increasingly consider wrapping
Venmo into their payment systems, and they can do so in the knowledge that it safeguards payment data with encryption for maximum safety and
likely Western Union is one of the first names that springs to mind when you think of money transfers, so it should be of little surprise
average mobile user has shrunk to that of a gnat, so time-consuming entry fields to insert your details have been scrapped where possible
If your phone has Touch ID, you can get your transfer rolling with a press of your thumb, while a card scanning feature spares you the
16-digit input haul on setup
pickup, mobile credit or an airtime top-up
Best of all, processing time is just a matter of minutes, making for near instant availability at the other end
governments across the world.Charges on your transfer depend on the sum of money and also the destination
That said, your first transfer with WorldRemit is free of charge, so why not give it a go4
up-to-date on the status of your transaction via the app
But while the technology in money transfer services usually takes care of itself, the bureaucracy around collecting bank and cash payments
destination, the fees are very reasonable, and the service can count on over 200,000 pick-up points worldwide
The customer service is strong too, even if it is restricted to email rather than phone
it comes to domestic transfers
if quick peer-to-peer transfers are more important to you than international transactions, those debit card fees may push you towards its
cool little sibling, Vemno
latest iteration of its money transfer app
The platform allows you to make secure purchases in stores, in apps, and on the web, and you can now send and receive money in Messages too
First came its instant peer-to-peer payments, then came a business-friendly extension to the service, and now it even supports Bitcoin
In addition to speedy international transfers from your mobile, the app offers live insight and commentary on market rates and can count on
very solid customer service thanks to its support teams in Australia, US, UK, Canada, New Zealand, Hong Kong and Singapore
