In the last 12 months, the volume of money transfer sky-rocketed globally. To provide quality service and generate some revenue, a few startups created safe online platforms to allow individuals to send and receive payments – both local and international.
One of the many startups is Remitano in South Africa. Due to the increasing rate of money transfers, the firm has launched a new payments system on its platform – Cash-out quickly.
The new feature is a smart and safe channel for international payments. It will allow South Africans to send and receive Rands (ZAR) from other countries with less charges.
For convenience, the user can access the cash-out feature without having to complete their KYC. New users can create a Remitano account and send payment to any country within seconds – it’s that simple.
The user would have to link their Remitano account with a preferred bank of choice to fund their Remitano wallet. Payments made will be deposited into the receiver’s Remitano wallet. And they can proceed to withdraw from their bank of choice.
The cash-out quickly feature provides users with a fast and secure channel to transfer money to friends and family abroad. And also receive international payments in Rands.
The new Remitano payment feature helps users to overcome the complex procedures and high charges on traditional money transfer channels.
The platform also allows users to deposit and withdraw funds with ease.