Remittance & Exchange Kiosk
According to Statista:
• Transaction value in the Digital Remittances market is projected to reach US$135.20bn in 2023.
• In the Digital Remittances market, the number of users is expected to amount to 18.56m users by 2027.
• The average transaction value per user in the Digital Remittances market is expected to amount to US$9.58k in 2023.
How to Expand Your Money Transfer Services?
The financial sector has evolved substantially over the years, and the potential for further growth in digital remittance is massive. During the pandemic, it was clear that processing money transfers through traditional ways had many drawbacks. The introduction of digital remittance represents not just a new way of credit transfer or cash transfer, but also a much better way of sending money for many reasons. For this reason, fintech companies, like IBS, were established to facilitate people’s access to financial services through technologies.
Traditionally, remittances involved slow transfers, multiple parties, lots of paperwork, and high fees; whereas digital Self-Service Kiosks (SSK) perform everything a remittance clerk or teller does. Through remittance kiosks, customers can choose the beneficiary from their list, choose the amount to be transferred, and make the payment by cash or credit. Remittance self-service kiosks (SSK) extend your remit services and many other services 24/7, without needing to expand your staff or branch numbers. It’s vital to understand that this growing acceptance of digital money transfers is an indicator of the new digital economic reality.
IBS Remittance iKiosk & IBS Exchange iKiosk
IBS became a pioneer provider of self-service kiosk solutions and a trusted name in the fintech market. Millions of users are using IBS technology all over the world through 1,100 deployed kiosks; 600 of which are remittance and exchange kiosks.
Whatever scale of operation you may have, IBS is committed to providing you with the most convenient solution for processing remittances. IBS Remittance iKiosks are custom-designed, which means you have the option of choosing the design, colors, components, and features. You can upload your company’s logo or a background image. An advertising module can be also added to promote your products and services while the machine is not in use. A kiosk with customizable features is a great investment for any business.
Our Remittance iKiosks are fully automated solutions with compact designs, meaning they can operate 24/7, and be placed strategically at various parts of the city, like exchange houses, banks, financial institutions, and even at public areas like malls and airports. We integrate top-notch hardware with advanced software to guarantee simplified, continuous financial transactions.
IBS Remittance iKiosks facilitate transferring money to family, friends, and any pre-registered overseas beneficiary with only a few clicks! The user can also receive money and withdraw it from any nearby Remittance Kiosk. Our team of professionals integrated a Remittance Calculator within the Remittance iKiosk to calculate inward/outward remittance transactions, including the remittance fee. To get a summarized report of your remittance transactions, you can simply access the Remittance Statement within your account and select the desired period.
Integrated
Remittance Calculator
Remittance Statement
Cash to Cash | Cash to Card | Cashless, via Debit Card or Mobile
Allow customers to send money securely, within seconds. Contact us our experts for a consultation.
Benefits
• Hassle-free money transfers• Accelerate currency exchange
• Reduced operational cost
• Enhanced queue management
• Boosted sales
• Adoption of technology
• 24/7 availability
• Secure and easy to use
• Cost effective
• Custom made
Functions
• Highest standards of security• Customized design
• Multiple languages
• Multiple currencies
• Easy installation
• Fast customer data collection
• Enhanced customer experience
• Multiple device integration
• International standard
• Fraud protection
• Easy relocation
• Identification & verification
Features
• International Remit• Money Exchange
• Cash Transfer
• Credit Transfer
• Receive Money
• Pay Bills
• View Balance
• Open Account
• Remittance Calculator
• Remittance Statement