Remittance kiosk solution

Remittance flow around the globe is increasing and so as the competition. Money exchange companies need to retain the customers and look for new customers as well. Companies have to extend their reach to more customers, however the traditional method of opening new branches are no more attractive because of the high rent, and high operational expenses. The smart way of extending their reach or making them available for customers are by being SMART. In other word being digital. Money exchange houses have joined the league of digitalization along with banks by extending their service after the working hours.

Kiosk which work as a branch and mobile app for remittance are the two methods of making their service available 24/7 to their customers. A self-service kiosk does everything a remittance clerk or teller does, it allows a registered customer to choose the beneficiary from his list, choose the destination amount to be transferred and make the payment by cash and collect the change. If a kiosk does everything a branch does, why do you invest heavily in the branch, why not in KIOSK. For banked customers, exchange companies can provide mobile apps which enable them making the transactions by directly debiting the money from their bank account or wallet.