The Product: Money transfer service allowing private individuals and businesses to send money abroad without hidden charges.
- High commissions for cross-border p2p transfers
- Hidden interchange commissions
- Most of the traditional money transfer companies require physical presence of the sender
Building a service using SDK.finance pre-fab functionality to let expats, foreign students, and businesses move money globally:
- Simple one-service product for cross-border money transfer
- Providing customers with a lower-cost alternative to traditional means of moving money internationally
- Ability to send money from card or bank account to recipient’s card or bank account.
- User wants to send money to his friend.
- User visits the web page or uses the app.
- User chooses the method of transfer (e.g. from his card to recipient’s bank account).
- Funds are transferred to recipient’s bank account.