Overview
Cross-Border Funds Transfer (P2P / Remittance) facilitates instant, secure person-to-person money transfers across borders using proxy identifiers such as mobile numbers, national ID numbers, or business registration numbers, instead of traditional bank account details. Transfers are initiated through participating banks and e-wallet platforms, providing a convenient way for individuals to send and receive funds internationally.
Key Features
- Instant Transfers: Real-time crediting of funds to recipients in partner countries.
- Proxy ID Usage: Simplifies transfers using easy-to-remember identifiers rather than full account numbers.
- Multi-Channel Access: Available through Internet banking, mobile banking, and e-wallet apps.
- Secure and Compliant: Adheres to regulatory standards and uses secure infrastructure for transaction processing.
- Growing Network: Expanding partnerships to increase the number of supported countries and financial institutions.