Remittance software - PowerPoint PPT Presentation

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Remittance software

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Emigrants within developing countries who transfer money to family and friends from their country of origin have become of adequate importance to the global economy as international financial aid. According to the World Bank billions of money is transferred to developing nations through remittance. Formal money transfer through international borders is processed through Banks and Agents. – PowerPoint PPT presentation

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Title: Remittance software


1
Remittance software
  • Contact Information https//pstezscan.com/
  • Mail id- cparks_at_pstezscan.com,
  • Address-23110 State Road 54 326 Lutz, FL
    33549, USA
  • Emigrants within developing countries who
    transfer money to family and friends from their
    country of origin have become of adequate
    importance to the global economy as international
    financial aid.
  • According to the World Bank billions of money is
    transferred to developing nations through
    remittance. Formal money transfer through
    international borders is processed through Banks
    and Agents.
  • Historically the transfer of such money has taken
    place over the counter and has involved much
    manual work. However, with the emergence of
    computer technology highly sophisticated
    Remittance software has been deployed to automate
    and enhance the processing of border-to-border
    money transfer.

2
  • Such software has enabled the remittance industry
    to handle a larger amount of transfers from an
    increasing range of senders.
  • The technology has aided money transfer across
    the globe allowing loved ones to receive money
    easier and more frequently from family members.
  • Global money transfer has created greater social
    and economic inclusion for those in developing
    countries.
  • Money transfer or remittance software has taken
    much of the burden for Banks and Agents providing
    the formal service.
  • Banks and Remittance agents resort to using
    remittance software because they include the
    following benefits

3
  • Software supports multiple currencies and
    exchange rates. Allowing businesses to manage
    unlimited number of transfers anywhere in the
    world.
  • Protection against money laundering and KYC.
  • Customers are able to create their own accounts
    which they can easily manage through a membership
    portal.
  • Remittance transfer software is equipped with
    numerous reports and financial forecasts. This
    enables profit and loss measurements to be
    obtained almost instantly.
  • Multiple transfer method capability including
    PoS, Mobile and the Internet. Multi Lingual
    support.
  • There are many more benefits to using remittance
    software. As a whole it has provided an efficient
    and productive way to transfer money
    internationally, creating economic growth on
    multiple platforms.

4
  • Sometimes a small change in the aged practices
    can bring about a breath of fresh air to the
    whole system. The recent economic decline has
    given many organizations a warning of sorts to be
    quick on their feet. The remittance software is
    one such small change which can bring a positive
    vibe in your organization quite easily. Here are
    some ideas about this wonderful switch which
    millions have already done.
  • One good thing about using the check remittance
    software is that your money is secure as most of
    the work is under guarantee too. Similarly you
    can have the different modes of payment for
    different prospects too.
  • Often the finance department has many people who
    only work in the payment and remittance. If you
    delegate this aspect of the business for a small
    fee, chances are you might be having a lot of
    saving.
  • For more information about this remittance
    software, visit our website at Pstezscan.com. We
    would love to assist you at any point.
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