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Cross-border payments and remittance

TecFlax > Services > Fintech & Payments > Cross-border payments and remittance

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Is sending and receiving money across borders slow and costly?

Cross-border payments and remittance

End to end money transfer platforms for international money transfer operators, with multi-currency wallets, FX rate management and partner settlement.

What this covers

A remittance platform is several systems wearing one name: a wallet ledger, an FX engine, a partner network and a settlement process, each of which can be the thing that breaks. We build them as a whole, for operators moving money into and out of the region.

The work covers multi-currency wallets and the ledger discipline underneath them, FX rate management including how rates are sourced, held and applied to a transaction, and settlement with partner banks and agents. Compliance screening is part of the flow rather than a separate stage, because a cross-border payment is where it matters most.

What’s included

  • End to end money transfer platforms for remittance operators
  • Multi-currency wallets with a ledger that balances
  • FX rate sourcing, holding and application to a transaction
  • Settlement with partner banks and agent networks
  • Payout and collection across multiple corridors
  • Compliance screening built into the transfer flow

Rails and technologies

Multi-currency walletsFX managementPartner settlementAgent networks
Cross-border flows carry the heaviest screening obligations. See fraud monitoring and compliance screening.
Every platform on this page can be covered by a 24/7/365 SLA support and maintenance agreement, and monitored end to end so a failing transaction flow is seen before your customers report it.

Sound familiar?

Tell us about the project and our engineers will come back with a practical proposal.

Other fintech and payments capabilities