6 Ways Our Money Remittance Software Can Turn Your Business Around
Running a money transfer or remittance business can be daunting; especially when it comes to picking a money remittance software. Yet it is rewarding. The same goes for operating a Bureau de Change outfit or a bank. While the business might look good on paper, it can become difficult to keep track of transactions, business operations, and many other operating elements. This has the tendency of getting your business stuck in one place for long without any real and measurable growth taking place.
Horizontal expansion of a business – in terms of local customers’ base or employees – can hamper real vertical business growth such as breaking into new markets, offering more services to customers, or dealing with international suppliers.
On top of these, the industry continues to get more competitive as the increase in demand to send money across countries translates to more players entering the market.
The question then is; how do you handle the increasing operational challenges that come with running your business? How do you take away the stumbling blocks to achieving real vertical growth? and how do you get ahead of competitors at the same time?
The Solution – An All-Encompassing Software Suite
When it comes to tackling real business problems associated with money transfer, bureau de change, or banking, using several solutions at the same time only adds to the problems. A smarter way to do this is to rely on the services of a single software suite that has the capabilities and features to cater to everything you need – the Money Transfer Application.
With its purposely built, highly robust technical architecture and easily customizable features, this all-in-one software suite offers many packaged solutions for running, reporting on, and growing your money service business. Money Transfer Application has comprehensive features for money remittance, bureau de change, branchless banking, B2B payments, mobile top-up, e-wallet, m-wallet, cash delivery at home, and many more.
But let’s leave the fancy words for a minute and take a look at what exactly Money Transfer Application can do for your business:
Track transactions and business operations
Nothing feels better than knowing exactly where your money flows or what transactions occurred. With MTA, it is easy to manage your daily cash flow in real-time.
On MTA, you can view daily, weekly, monthly transaction reports, see wallet ledgers, and balance histories among others. All your transaction reports are tracked and stored in one place for easy reference or use in reporting and forecasting.
Mobile top-up, and bills payment
Built into MTA are feature-rich capacities that enhance the services that money businesses offer to customers. Our bills payment solution allows you to offer mobile top-ups and other bills payment services to your customers around the globe.
With the e-wallet feature, you can conveniently take care of simple day-to-day business bills from your computer or mobile phone and offer your customers the platform to do the same.
Offer customers a full range of customized services
One big advantage you can have over competitors in the money transfer business is your ability to offer customers a wide range of services.
MTA allows you to do this easily. Customers can deposit and withdraw funds, make local or international money remittances, make secured payments, Peer-to-Peer (P2P) payments, apply for a loan, use foreign currency exchange services, make mobile top-ups, experience cash delivery at home and true borderless banking – all from their mobile phones or agent’s location.
What more could you possibly ask out of money transfer software? Still with us? Great!
Domestic/International money remittance
Irrespective of their continent, your customers can send money to and receive from any country in the world using MTA. Our gigantic remittance network allows you to make bank transfers and physical cash pickups to over 70 countries.
If your customers choose to send electronically, they can do so in over 250 countries! This helps you charge affordable fees for remittance from customers, increasing patronage and loyalty, and growing your business. What’s more? Advanced in-built technologies such as our high-performing MTAFaceMatch, ensures every transaction done is 100% secured.
Auditing and Advanced Reporting
The importance of transparent financial accounting in a money service business cannot be overemphasized. Using MTAClearHouse – an innovative technology built into MTA – you can reconcile accounts across all counterparties, work out profits or loss, settlement, netting, and advanced reporting. This directly saves you costs on hiring accounting personals when starting out as a new money service business.
Customizable to suit your exact business needs
We are aware of unique features that differentiate your business from others. This is why MTA is designed for easy configuration to meet your exact business needs. Large enterprises and banks rely on MTA’s super UI customizable features to create software suites tailored to integrate their unique business features. No matter how complex your money business features, MTA can be customized to incorporate it.
What is Next?
Keeping your business operations automated while satisfying customers’ needs is the new way to stay ahead of competitors. Winning comes from taking advantage of modern technologies capable of transforming your business efficiencies and generating more revenue.
Start your journey to becoming a financial powerhouse with the first big move you can make today: setting up your own Money Transfer Application. There is so much more features insight to give wings to your business.