What is instant money transfer?
Instant money transfer is the instantaneous transfer of money to anyone, irrespective of their location, using nothing more than the beneficiary's mobile number. If you want to know more about the international money transfer app, then visit https://www.paysii.com/.
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How does it work?
The quick and effective mode of fast transfer allows one to either visit a money transfer agent or use the online services or app, to register and choose to make an online transfer. This registration process is free of charge.
After the same, one can choose to send money to the beneficiary using only their mobile number and name. Subsequently, settling the payment which includes a small service fee and choosing the mode of payment the recipient would prefer, one can initiate the transfer.
The instant money transfer uses swift transfer protocol to send money securely across the globe. Not only is this easy money transfer but also effective, as the beneficiary does not need to have a bank account to receive the payment.
- A beneficiary can receive the payment:
- In cash from collection centers
- On a prepaid or ATM card
- Doorstep delivery (depending on availability)
- Bank accounts
Even though instant money transfer is the safest and most effective way to make a fast money transfer, one should always be vigilant, to whom, and why to send money fast. There are endless ways in which one can exploit instant money transfer services.