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NetRemit provides a better payments experience and enables a greater economic opportunity for the financial institutions by enhancing customer relationships and generating fee-based revenue. Netremit supports any banks global remittance operation and enables them to achieve a greater market share using our cutting-edge and powerful tools.
- NetRemit, an online remittance product available as a web and mobile application with easy navigation and a user-friendly interface facilitating a seamless remittance process.
- Centrally hosted in Microsoft Azure with anywhere and anytime access. Supports on-premises installation on-demand.
- Facility to pay through a bank account (Open Banking), debit/credit cards or e-wallets using integrated payment gateway interface.
- Email & SMS notifications to keep the customer informed at every stage of the remittance process.
- Automated KYC validation using Third-party web services.
- Postcode search for address validation through Third-party web services to reduce KYC check failures.
- Automatic rule-based validation of AML limit including ID check & Source of Funds (SoF) limits using in-house API (MGAMLAPI) and linked to Third-party web services for auto authorisation.
- Facility to manage remittance fee structureexchange rate using state of art integrated back-office facility.
- Provision to customise special remittance fee and exchange rates for priority customers.
- 25+ MIS reports to handhold various stakeholders of the banks in making informed decisions.
- Intuitive and Comprehensive back-office portal with various analytical insights to govern the remittance operations.
- Chatbot facility to answer the FAQs with an option to chat with the customer support executives of the bank.