COMPLETE
Cross-border transfers with local accounts and cards.
Complete the remittance journey with local accounts and cards that receive international transfers directly, eliminating recipient collection friction whilst capturing banking revenue.
In this article
International money transfer operators excel at cross-border payments but recipients often struggle with limited banking access, high cash-out fees, or inconvenient collection points. Local accounts and cards complete the financial inclusion story, giving recipients secure, convenient ways to receive, store, and spend funds whilst building ongoing relationships with your platform.
The challenge
- • Lack regulatory licences to offer bank accounts or domestic settlement services in South Africa.
- • Lengthy regulatory approval process requiring years of engagement with multiple authorities.
- • High cash-out fees at money transfer agents erode transfer value for recipients.
- • Limited recipient banking relationships reduce transfer frequency and amounts.
- • Domestic payouts still rely on slow and costly SWIFT infrastructure.
Our solution
- • Local South African accounts linked directly to your transfer platform.
- • Instant fund crediting to recipient accounts upon transfer completion.
- • Physical and virtual cards for ATM access and merchant spending nationwide.
- • Mobile banking features designed for remittance recipient needs.
- • Real-time notifications and balance management through your existing app
Impact
Diversify revenue streams beyond transfer fees through local banking products and interchange income. Reduce operational costs by eliminating SWIFT fees and correspondent banking relationships. Increase customer lifetime value through comprehensive financial services that drive daily engagement rather than one-off transfers.
Why us
We provide the regulatory approvals and infrastructure that global money-transfer networks need to operate locally. With SARB and FSCA approvals, we deliver two-way ZAR flows instantly and compliantly.
Through one integration, you can open virtual accounts, onboard users with FICA, and activate instant settlement via EFT or RTC.
We understand the nuances of local payment rails and regulatory requirements, offering white-label, compliance-ready solutions that enhance your brand. As your partner, we scale with your network and unlock faster, more reliable remittance in South Africa.
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