Why online remittance services are the easiest way to send money back home

The concept of remittance is not new – throughout history, individuals have worked away from their hometowns and sent money back to their families. The way in which such funds are sent and received has changed dramatically. Traditional international remittance was once dominated by money transfer organisations such as Western Union. However, with the onset of the digital revolution, online remittance services through mobile technology, such as Senditoo, are now the easiest way to send money back home.

Low Transaction Costs

Real-time transaction processing means operating costs are lower than previously established players in the international remittance field. This reduction in operating costs is then passed on to end users in the form of low transaction fees. Reducing the cost of sending each individual remittance also means that you can make smaller transfers.

Mobile services are also a viable and easy way of personally routing payment to an end recipient with just a mobile number, which eliminates the necessity of a bank account in areas where access can be limited. Funds can also be spent electronically within the mobile money environment without needing to cash out.

Secure Payment

Fraud is a constant concern when sending money overseas. However, since mobile international remittance services operate electronically, they are intrinsically more secure than traditional money transfer organisations. In some instances, these still employ manual processes at the agent level, which are vulnerable to fraud, particularly at cash-in and cash-out points. Furthermore, when you use online services, real-time electronic systems also have the ability to impose transaction limits, automatically block, flag or report suspicious transactions and identify transaction patterns in the movement of funds.

Instantaneous Transfer

Mobile international remittance requires trusted and complex integration of participating sending and receiving remittance partners, using real-time transaction processing platforms. Senditoo sends instant mobile phone top-ups to more than 140 countries and is directly connected to over 400 mobile operators worldwide with a reach of 4,5 billion prepaid users. With the development of their new API, credit is received immediately when you use the service- faster than many banking systems can operate.

Simple

Online remittance services are convenient and simple to use, so you can send money overseas wherever is you are. Finally given the nature of digital services and instantaneous communication, they are also able to offer excellent around the clock customer care.

Gone are the days when hard working migrants would often face a stressful trip to a broker’s shop, a ten percent remittance fee, and anxiety over when the money would arrive. Online remittance services are the easiest way to transfer money and to support your loved ones who live thousands of miles away.