极简速汇 - 跨境汇款中国 2.6.4

The "Minimalist Remittance" app caters to the overseas Chinese community, providing a service for small remittances back to China. It effectively reduces the costs, processes, and time associated with remittances by over 80%.

International remittances occur continuously, with global individuals and small business owners needing approximately $10 trillion annually for cross-border transactions. However, the friction costs associated with international remittances can range from 5% to 25% of the total amount.

Overseas Chinese workers suffer financial losses due to high fees, and there is a pressing need to address this unjust scenario.

Utilizing internet technology and fintech, Minimalist Remittance connects banks and payment channels domestically and abroad, establishing an innovative service system distinct from traditional banking. This allows overseas Chinese individuals to enjoy cost-effective, secure, and convenient remittance services.

Key Features:

• Seamless Remittance: The app maximizes efficiency in the remittance process; after completing identity verification, users can send money home with just a few taps by entering the amount.
• Secure Transactions: Every remittance is conducted through licensed financial institutions such as domestic and international banks and payment companies. Each transaction is encrypted at a financial level, with order status easily accessible.
• Rapid Delivery: By minimizing intermediaries, transactions typically arrive at the recipient's account within 1-3 business days; in some areas, instantaneous delivery is available.
• Competitive Rates: Powered by an advanced data intelligence engine, Minimalist Remittance helps users find the best exchange rates globally. Users can clearly see both outgoing and incoming amounts, saving up to 80% compared to banks or wire transfers.
• Catering to the Chinese Community: Developed by a Chinese team well-versed in the needs and habits of overseas Chinese, the app's interface and customer service are available in Chinese, facilitating easy navigation. It also supports yen remittances back to China with issuance of remittance proof.
• Global Compliance: Minimalist Remittance collaborates with 35 banks and licensed financial institutions across over 50 countries and regions. It holds various compliance licenses including Hong Kong's MSO license and adheres to regulations from leading jurisdictions such as the USA, Japan, Australia, and the UK.
• Anti-Money Laundering Protection: Utilizing big data and intelligent algorithms, the app assists foreign exchange regulatory bodies in managing negative lists, rigorously enforcing anti-money laundering policies to safeguard user funds.

The "Minimalist Remittance" app is a product of "Minimalist Exchange Rates" (xCurrency), an internet platform focused on delivering innovative financial services in the foreign exchange space. It aims to simplify currency flow across borders using technology. The app supports real-time exchange rate queries for over 210 fiat currencies and has exceeded 120 million downloads globally.