The remittance market is over USD 350 billion and growing faster year on year. In order to maintain and grow customer relationships, maximize revenue opportunities, and be able to offer affordable remittance services in this growing yet highly regulated and capital and labor-intensive domain, the service providers must drive down operational and transaction costs. Cuecent eREMIT helps financial institutions design, build, deploy, and manage a unified transaction platform for processing inward and outward remittances allowing them to streamline their operations while complying with regulations and minimizing operating costs. On one hand, Cuecent eREMIT enables banks, MTOs and exchange houses to employ multiple remittance request channels, reduce costs and gain better control of operations and on the other, the solution provides banks the infrastructure to seamlessly process inward remittance transactions and effectively distribute funds to beneficiaries through numerous distribution channels.

Power Positions

• A single platform for all institution remittance needs whether inward or outward.
• Increase accessibility for the remitter and beneficiary.
• Reduce overall remittances cost per transaction to the remitter.
• Accelerate transfers and payout to the beneficiary.
• Support appropriate compliance, security, governance and risk management practices.