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7 Mobile Remittance Platforms that Enable Seamless, Cross Border Transactions

According to World Bank, an estimated $515 billion will be transferred by the US immigrants to their respective countries by 2015. Remittances market is huge and growing exponentially. Entrepreneurs have taken note of this market opportunity in this segment and are establishing Mobile Remittance platforms and startups.

Currency Cloud:

Launched to market in 2012, The Currency Cloud offers Cross Border Payments as a Service. The company has received a total funding of $7 Mn through investors Atlas Venture, Anthemis Group andNotion Capital. More than 250,000 corporates and consumers already have access to The Currency Cloud’s XBPaaS platform through more than 100 platform partners and customers.

The Currency Cloud offers end-to-end cloud based cross currency payments automation service that makes multi-currency payments more frictionless. On 11th February 2014, The currency cloud announced a major revamp of its payments service – new streamlined payment integration, new look and other features.

TransferWise:

TransferWise was founded in London in March 2010 by TaavetHinrikus and KristoKaarmann. It was backed by investors like Pe ...

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