Money Transfer Appliction System Feature
Transaction and Money Transfer
Compliance and Security
CRM and User Management
Exchange Rates and Charges Management
Sending And Receiving Branch
The branches registered in the sending country is called the sending branch and the branch registered in the receiving country is receiving branch.
Profit types are three types Flat Fee, Percentage Fee, and Currency Difference.
This is the fee charged by a sending agent, usually it is charged per transaction.
This is the fee charges against the sending amount, This is the percentage of the amount sending. As the sending amount increases, this fee also increases.
This is generally shared between the sending and receiving branches, this is a calculated difference of exchange rates multiplied by sending amount
Check names against United Nations Security Council Sanctions, Australian Sanctions, Specially Designated Nationals (OFAC).
Every Transaction will be screened for risk.
Checks against the transactions for phishing.
Profiles of customers are given a proper numbering for easy access.
Id proof will be uploaded for every customer and stored on the cloud. Both Primary and secondary Id proofs are taken.
Ability to give the exchange rates from vendors, manually or currency feeds.
Profit and Commission
Add your commission so that you can boost your profits.
Currency Mark Up
Markup currency rates are taken from feeds or from your vendor to make a selling price and give it to custome
Suspend/Deactivate a User
Users can be suspended or deactivated, if there is any multi-currency: Can be operated in Multiple currencies.
Transactions need Compliance Approval whenever KYC is failed.
Regular Backup of the transaction data is taken.
Secured Socket layer certificates are installed so that the connections are encrypted.
Ledger of transactions made, Cancelled and Amount paid by the sending branch and Paid to receive branch.