CashTech's accomplished repertoire of Remittance Solutions allows your bank to offer total remittance services to your clients. Programmed to cater to the needs of a wide range of customer segments, these services take care of end-to-end transaction processing and are deployed through multiple initiation channels, utilizing multiple funding options. Timely disbursals to beneficiaries are effected through multiple disbursal channels using multiple payment modes

Our Remittance processing solutions enable your bank to offer remittance services to various customer segments like:

Retail

Our retail solutions enable your bank to offer remittance services to individuals in any country. They enable individuals to remit/send money to any other destination country through various convenient funding channels like the Internet, Mobile, Partner/Correspondent Bank branches etc.  Further, they also enable your bank to utilize its existing relationship with the correspondent banks to successfully operate this business and promote a new stream of revenue generation.

Aggregators (Exchange Houses, Agents)

If your bank offers services using our Remittance Solutions, it can do so through various agents and exchange houses. You can start by establishing a relationship with leading financial service providers, retail chains, and telecom providers etc. so as to offer remittance services through them. These agents will then get registered with your bank to offer services to retail customers, thus widening the reach of the bank in the market.

Corporates

Your bank may offer its remittance services to Corporates /Institutions in need of making foreign payments to an individual / a group of individuals. Using our Remittance Solutions, corporates can make ad-hoc payments, periodic payments, statutory payments etc. to individuals across the world through your bank. Corporates can make these payments to individuals regardless of distances, currencies and banking entities.

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