What Consumers Should Look For
In our interconnected world, sending money across borders has become an essential aspect of many people’s lives. Whether it’s supporting family members abroad, paying for services like utilities or groceries, or investing in international opportunities, having a reliable remittance application can make all the difference. However, with many options available, choosing the right one results in a hassle-free experience with value added features. To help consumers navigate this decision, here’s a list of essential factors to consider when selecting a remittance application.
- Security and Trustworthiness: Platform security is critical when choosing a remittance application. Look for platforms that use robust encryption protocols to protect your financial information. Additionally, ensure that the service is licensed and regulated by relevant authorities to guarantee compliance with financial regulations and standards.
Foree Remittance uses a hybrid-blockchain technology which ensures platform and data security to ensure customer information integrity. Moreover, Foree Remittance has exclusive partnership with National Bank of Pakistan which is duly approved by the State Bank of Pakistan, the financial regulatory authority in Pakistan. This ensures your funds travel securely from you to your loved ones!
- Exchange Rates and Fees: Compare the exchange rates and fees offered by different remittance applications. While some platforms may offer competitive exchange rates, they may compensate with higher transaction fees and vice versa. Consider the overall cost-effectiveness of each option to ensure that you’re getting the best value for your money.
Foree Remittance offers the best PKR value against your valuable funds in CAD. Our team is comprised of members who regularly send funds to their families in Pakistan, therefore, we understand and value this exchange of love. We offer the best rates in the market with zero-fee transfers so you get the most benefit delivered in Pakistan. We have also made Interac e-Transfer free of charge to cash-in your funds to send the payment because we believe you should not have to pay to use your own money!
- Speed of Transactions: Time is of the essence when it comes to remittances, especially in urgent situations. Opt for a remittance application that offers fast and reliable transaction processing times. Ideally, look for platforms that provide instant or same-day transfers to ensure that your funds reach their destination promptly.
Foree Remittance offers near real time delivery of funds to your beneficiaries. As soon as we receive funds for the transaction via Interac e-Transfer, we deliver the transaction to our trusted partner, the National Bank of Pakistan, where transactions are processed to your beneficiary contact right away!
- Accessibility and Convenience: Choose a remittance application that aligns with your lifestyle and preferences. Consider factors such as ease of use, availability of mobile apps, and accessibility in your recipient’s country. A user-friendly interface and intuitive features can significantly enhance your remittance experience.
Foree Remittance offers an easy to use app accessible for download on both Appstore and Google Play. Additionally, we don’t store customer’s financial information. We use Interac e-Transfer, through which you cash-in the funds for the transaction when you’re sending the money. All you have to do is click a button and fulfill the Interac e-Transfer request. Our quality assurance team works efficiently to ensure the stability of the platform so we can create a seamless and easy-to-use experience for our customers.
- Recipient Options and Coverage: Ensure that the remittance application supports the countries and payment methods relevant to your needs. Verify that your intended recipient can easily access the funds through their preferred method, whether it’s bank deposits, cash pickups, or mobile wallets.
Foree Remittance offers payouts to 35+ Pakistani banks & EMI wallets and a cash pick-up facility from 1500+ NBP branches across Pakistan.
- Customer Support: Reliable customer support can make a significant difference, especially in case of any issues or inquiries regarding your transactions. Look for remittance applications that offer responsive customer support channels. Prompt assistance can provide peace of mind and resolve any concerns efficiently.
Foree Remittance team addresses any customer queries or questions promptly, ensuring each customer receives the Foree support and care needed to have a seamless experience.
Choosing the right remittance application requires careful consideration of various factors, including security, cost-effectiveness, speed, convenience, coverage, customer support and reputation. By evaluating these aspects and prioritizing your specific requirements, you can select a remittance application that meets your needs and provides a seamless and reliable money transfer experience across borders. We hope to deliver on all consideration factors and provide an excellent experience with each transaction on Foree!
