The age of information technology and hyper connectivity is upon us. Information technology has made a huge impact in almost every field you can think of. Information technology has open new avenues to endless possibilities. A task which can take days few years back can now be completed in minutes. I am referring to financial services especially money transfer from one country to another.
Now, things have changed drastically and you can make an international money transfer within minutes and the money is received on the other side almost instantly. With the passage of time, the rates charged by these money transfer companies have also drastically reduced and quality has improved by many folds which are good for customers. Gone are the days when you have to wait for days and in some cases even for weeks to receive money.
These money transfer services also offers secure transaction of money. They use sophisticated systems to protect your money transfers. Each transaction is protected by an advanced worldwide security system. Advanced electronic technology and a global information network is used for fast pay out. In most cases, your money can be picked up by the party on the other side within minutes, without the need of a bank account.
International Money Transfer
In the conventional cash-to-cash method, a remitted needs to visit the nearest authorized outlet of any international money transfer operator, present the relevant identification documents and deposit the cash to initiate the transaction process. The receiver can collect the money from a suitable agent location in the home country by providing valid identification documents, just minutes after the sender has made the transfer.
Customer can also send funds directly to a recipient's card in some markets. In the cash-to-card mode of money transfer, receiver can redirect a cash pick-up transaction onto a card via a call center. Another mode is cash-to-account money transfer. Here, customers can receive money without having to go to an agent. The sender needs to go to an agent to transfer the funds to the recipient’s account.
Now, things have changed drastically and you can make an international money transfer within minutes and the money is received on the other side almost instantly. With the passage of time, the rates charged by these money transfer companies have also drastically reduced and quality has improved by many folds which are good for customers. Gone are the days when you have to wait for days and in some cases even for weeks to receive money.
These money transfer services also offers secure transaction of money. They use sophisticated systems to protect your money transfers. Each transaction is protected by an advanced worldwide security system. Advanced electronic technology and a global information network is used for fast pay out. In most cases, your money can be picked up by the party on the other side within minutes, without the need of a bank account.
International Money Transfer
In the conventional cash-to-cash method, a remitted needs to visit the nearest authorized outlet of any international money transfer operator, present the relevant identification documents and deposit the cash to initiate the transaction process. The receiver can collect the money from a suitable agent location in the home country by providing valid identification documents, just minutes after the sender has made the transfer.
Customer can also send funds directly to a recipient's card in some markets. In the cash-to-card mode of money transfer, receiver can redirect a cash pick-up transaction onto a card via a call center. Another mode is cash-to-account money transfer. Here, customers can receive money without having to go to an agent. The sender needs to go to an agent to transfer the funds to the recipient’s account.