The Exchange4free App Enables Cross-Border Money Transfers
Rahul Kalvapalle — September 2, 2016 — Tech
References: itunes.apple & consumeraffairs
Exchange4free is an innovative new money transfer app that is designed to make it easier than ever for people to send money across borders without having to pay any commissions or transfer fees, as is the case when transferring money through traditional agents. The only cost to customers is a 0.4 percent cut.
What's great about this particular money transfer app is the fact that it allows users to make deposits in international financial institutions as well as giving them the ability to dole out payouts in the form of mobile payment credits. The app is also set to receive chat functionality, allowing for improved communication.
By easing the process of transferring money abroad, the Exchange4free app is positioning itself as an easy-to-use service for both individual and commercial users.
What's great about this particular money transfer app is the fact that it allows users to make deposits in international financial institutions as well as giving them the ability to dole out payouts in the form of mobile payment credits. The app is also set to receive chat functionality, allowing for improved communication.
By easing the process of transferring money abroad, the Exchange4free app is positioning itself as an easy-to-use service for both individual and commercial users.
Trend Themes
1. Zero-commission Money Transfer - The trend of money transfer apps that offer no-commission transactions is disrupting traditional agents and opening up new opportunities for international money transfers.
2. Mobile Payment Credit Payouts - The ability to make payouts in the form of mobile payment credits will help businesses to offer more convenient payment options and capture new customers.
3. Chat-enabled Money Transfers - The chat functionality of the Exchange4free app is an example of how modern technology can improve communication and usher in a new era of simplified cross-border transactions.
Industry Implications
1. Fintech - The financial technology industry is experiencing growth due to the emergence of innovative money transfer apps like Exchange4free that are disrupting traditional agents and offering new services to customers.
2. Mobile Payments - The growing demand for mobile payment solutions is being met by innovative companies like Exchange4free which allows customers to send and receive payments using mobile payment credits.
3. International Business - The Exchange4free app is opening up new opportunities for international business transactions by making it easier and more affordable to send money across borders without using traditional agents.
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