Why Should You Have Your Own or An Alternate Money Transfer Operator?

Isn’t is always better to have control over your own destiny? Volatile economy, security breach, hidden financial troubles or a COVID-19 like pandemic causing a global lockdown – uncertainty is always lingering. All we can say is, don’t wait till its too late!

When you decide to enter the rather recession-proof business of money remittance and bill payments, there is a choice of either developing your own remittance platform which could take months and sometimes years or, collaborating with a partner to tap on their network, platform & expertise for a faster go-to-market – in both cases, its your brand that the customer believes in!

As they say, there is a story behind every customer and in this case, there is always a reason behind a customer sending money. The purpose of transfer could be family maintenance, medical emergency or just a personal investment. In the era when everything is instantaneous, any delay in delivering a transaction could cause stress to an average of 4 people per transaction and could cause reputational damage and decreased customer retention & loyalty.

What if we said you could have the best of all worlds, i.e., have your own money remittance platform and yet have an extremely quick go-to-market that gives you:

An extensive payout network with the option of choosing one, few or all countries

Multiple modes of payout such as cash-over-counter, transfer to wallet/bank account or door-to-door pickup

Multi-currency payout

Faster transaction processing and payout time

Above market average Revenue Per Transaction (RPT)

Plug & play and scalable platform

Fully AML compliant with an end-to-end secure platform

With RitmanPay Payment Solutions, you can not only enter into the remittance business with a minimal go-to-market duration but also, strengthen your existing payout network and extend your services in various corridors with the possibility of having a higher Revenue per Transaction (RPT). With real time Money transfers, beneficiaries can receive their money at their doorstep or in their bedrooms using their e-wallets. While speed and customer experience is kept at the forefront, RitmanPay has deep focus on compliance and enhanced security to protect its clients and ensure the safety of customer data.

Safeguard yourself from every eventuality and from being at the mercy of another company’s position by having your own or more than one Money Transfer Operator. To collaborate or know more, write to us at info@ritmanworldwide.com and our team will connect with you to understand your requirements.