![]() ![]() The company also revealed that they are not making money by manipulating the exchange rate of two currencies – the money received by the users are based on the current exchange rate on the market. With the rise of digital payment transfer systems, this problem has been addressed and people back in India are receiving more money than how much they were used to in the past. Many overseas Indians are using digital payment transfers to send money to their families back home, but most of the money that they sent is being charged with hefty fees. Operating a digital payment services to this huge market can be an advantage for the company. One of the latest changes that the company introduced would be the availability of their services to India. Originally operating within the European continent, the company has now expanded their services to all continents around the world. The company is known for their bold decisions when it comes to their operations. No matter if the transfer is for business or regular use, the company ensure that everyone who will be using their services will feel more convenient with the fast transfers and the lower fees that they offer. This platform also has an increasing number of patrons – it is believed that there are now five million people who regularly use the app or website offered by the company for them to send and receive money. Using online banking application would enable the use of these services. Online transfer is also an advantage for the company, because they are providing their clients with new methods on how they can send and receive money. 25% of the transfers from the United Kingdom to the rest of Europe are completed in seconds. In Europe, many users are saying that 90% of all the transfers are being received in the same day. The money transferred using this platform is expected to arrive at the recipient’s local bank account within 24 hours. The transfers using this platform are faster than what a regular bank can promise. The company is not used to charging their customers with hefty fees filled with hidden charges. The company is making sure that all of the fees are documented, and they do not false advertise just to get new clients. There are other competitors in the market right, which includes Skrill and Neteller, but Wise is making sure that they are keeping their prices competitive to reach more markets.Īnother advantage would be their transparent listing of the costs. ![]() It is eight times cheaper compared to a regular bank, and senders will be able to save a lot if they will resort into using this platform regularly. One of the advantages pointed out by the users of this platform is the lower fees involved in transferring money. ![]() This is a great improvement when compared with traditional banks, wherein transfers can be completed after three to seven working days, which is slow in today’s standards. Local and international transfers are completed within a day. The send will be receiving an email to confirm that the transfer was a success. The money will be sent directly to the bank account of the recipient, and it works even if the receiver does not use any online digital payment platform. ![]() Alternatively, senders can use their respectively banking application and perform a transfer using this platform as an option. The sender should also include their debit card information when sending money. Details such as the recipient’s primary information and the exact amount that will be sent are required. When using the services from the company, a person from a specific country would only have to download their application or visit their website to start transaction. The company was able to slowly change how interbank transfers are made, and they gave the public a favor by freeing them from the slow and costly transfers made by international banks. The company uses local bank accounts around the world, and transfers the money to another bank account, acting like the middleman. One of the drawing factors of the company compared to other similar services is the lower charging fees that they impose, and the avoidance of higher bank fees when conducting money transfers. The company advertises itself as one of the best payments transfer system in the world, and they have been partnering with multiple businesses since their establishment over eight years ago. Wise, formerly TransferWise, is a digital payments system that was established in 2011. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |