RemitJunction, an FCA-regulated remittance company headquartered in the UK, launches its remittance-as-a-service solution that makes it possible for businesses to start or scale cross-border payment services at a fraction of the time and cost required to build a remittance solution from scratch.
Adding a remittance service that helps people speedily move money from the UK is not a day’s work. But it doesn’t have to take months or years.
For many businesses, assembling a development team to build the remittance infrastructure from scratch, navigating hurdles to get a license to remit money from the UK, and figuring out compliance, among others, is what prevents the business from going to market early and prioritising user adoption.
This is where RemitJunction comes in with a solution.
It offers a unique remittance-as-a-service solution that drastically reduces the cost and friction associated with setting up a cross-border payments service. Its core offering is a highly versatile fintech infrastructure built to adapt to the specific requirements of your remittance product. On the frontend, it is fully customisable to look like, feel like, and deliver a user experience that is unique to your brand.
On the backend, you have direct access to a global network of payout partners, eliminating the need for middlemen and FX markups which compound the cost that is eventually passed down to the customer.
Additionally, RemitJunction’s array of features and functionalities empowers your remittance product to deliver a cross-border payments service that rivals that of any player in the remittance sector.
With more people prioritising family and investment in the diaspora, it has never been more important to provide a remittance solution that is simple to use, processes remittances fast, and does not charge exorbitant fees or come with hidden charges.
RemitJunction gives you the fastest go-to-market timeline possible, in a cost-effective manner that emphasises regulatory compliance, security, speed and efficiency.
RemitJunction leverages FinCode’s over 10 years of experience in the remittance business and financial technology to deliver this RaaS solution, levelling the cross-border field for many businesses working hard to offer competitive remittance services to their customers.
In addition to established businesses using the RaaS infrastructure, RemitJunction also has an affiliate system that enables individuals with access to a significant social network provide cross-border money transfer services to their network.
“We are actively seeking partners, agents and affiliates who possess the customer base to drive transaction volumes,” said Lloyd Adiele, the founder of RenitJunction.
“Our focus is on helping these partners seamlessly integrate remittance services into their existing operations, providing them with a powerful infrastructure to serve their customer base and expand their reach. We are excited about the potential for high transaction volumes as more MSBs choose RemitJunction as a faster and more cost-effective route to market,” Lloyd added.
RemitJunction’s launch marks a significant step towards a more accessible and efficient global remittance ecosystem.
If you are building a remittance product, let’s talk. Email us at hello@remitjunction.co.uk. We’d love to hear about your services and explore how RemitJunction can give you a competitive edge and get you to the market faster.
