Traditional banks are known for their long lines and endless bureaucracy. Unlike these banks, online banking allows customers to open new accounts, make transactions, and do many other banking operations in seconds.
This is why online banking platforms like Revolut are gaining momentum in recent years. How do I create a money transfer app like Revolut?
Launched in 2015, Revolut has grown to 350,000 active daily users in just three years. According to financial statistics, this individual-to-individual platform is currently valued at $ 5.5 billion. What is money transfer software? Remittance software is a system that allows users to perform bank transactions using cashless payment methods with multi-bank and multi-currency options. Moreover, unlike traditional banks, such software is always available. Remittance software systems like Revolut are considered "neobanks". Neobanks only works online and has no physical branch. This enables us to provide our customers with the fastest digital and mobile financial solutions. Therefore, customers can pay, send, or lend money online. Before asking how to make an app like Revolut, let's start with the basics. The money transfer system provides users with the following features:
Ability to manage different types of remittances, Support for multiple countries, languages, and currencies, Built-in security and privacy standards and regulations, Availability of multiple transfer options, including B. Online and mobile transfers, Integration with fraud prevention software and money laundering prevention software, Transaction fee tracking, Forex software integration. You can read more on this page
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