Money Transfer Apps Are the Future of Global Remittance

Nowadays, it’s almost impossible to imagine our lives without smartphones. We depend on them for daily activities such as ordering food, calling a taxi, watching TV, and transferring funds. Such popularity is the result of cool apps that make life so much easier.

The arrival of money transfer apps has saved us from standing in long lines at the ATM or dealing with banks. Now, we can easily send money to almost anywhere around the world at the push of a button. Naturally, the level of popularity for these money transfer apps has reached a point where they can be called the future of global remittance.

If you haven’t used money transfer apps before, you need to read this article.

How to Send Money Via Money Transfer Apps

While sending money abroad used to be a long journey with a lot of paperwork, money transfer apps like Lycaremit’s Global App have made it into a fast and effortless experience. Wiring funds via an app is now even easier than ordering your favourite book on Amazon.

First, download the app; for Lycaremit users, it doesn’t matter if you’re an Android or iOS user because it fully supports both platforms. Once you’ve installed the app, you input your email, name, and phone number to complete the sign-up process.

Next, all you have to do is:

1. Select the destination country

2. Enter the transfer amount

3. Pick your payment method

4. Enter the recipient’s details

5. Monitor until funds arrive at the destination

Primary Benefits of Using Money Transfer Apps

There’s a wide range of benefits that comes with utilizing such apps, but here below are three of the big ones.

Security

Probably the primary concern in sending money, especially to foreign countries, is transaction security. Companies need to protect the sensitive financial information of both parties. Thanks to Lycaremit’s RSA 256-bit encryption, you can rest assured your sensitive financial data is safe and well-protected.

Convenience

The biggest selling point of using your phone to send money abroad is its hassle-free nature. After entering the details, you instantly obtain a real-time quote, and at the push of a button, the funds are transferred in a matter of seconds.

Transparency

One of the main signs of a reliable remittance provider is that they should present you with a detailed breakdown of all the costs and fees related to the transfer before you send the funds.

However, this benefit doesn’t apply to all remittance providers since some claim to charge zero fees but hide them within their unfavourable exchange rates. With Lycaremit, you’ll get full transparency.

Bottom Line

Money transfer apps save time and are incredibly user-friendly. You can send money from anywhere, anytime, and effortlessly keep track of it. It’s no surprise it is being called the future of global remittance.

However, not all apps live up to this standard. Some are bug-infested, and others just don’t provide clarity because they want to charge hidden fees. With Lycaremit’s money transfer app, you won’t have such problems because Lycaremit charges ultra-competitive transfer fees while providing you total security. Just register and find out for yourself!

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