Innovative Service Mobile Union’s sendbycell international money remittance service offers a new on-demand, convenient and cost effective method of making person-to-person transfers by international migrants living and working in UK,  Europe and US to their families back home, using a PC or Mobile Phone.   The service is approved by UK HMRC and fully compliant with the latest money transfer regulations in the EU Payment Directive.

Proposition

• Transfer Channel: PC or Mobile Phone – offering security, convenience, and ease of use compared with current high-street retail-based services

• Customer Value: Low and flat transaction fee, together with a highly competitive FX rate, making regular transfers (as low as £20) now economically viable

• Payment Channel: Large number of reliable and established payment agents, easily accessed by recipients in destination countries

 

Business Model

 

Unlike other money transfer services, sendbycell charges a simple all-inclusive flat transaction fee, along with competitive FX rates normally associated with wholesale transactions. Same day service is available for all transfers at no extra cost.

 

This combination of simplicity, security, value for money, speed and convenience is a profound shift in the way money transfer is currently offered, and a model that management believe will be highly disruptive in the marketplace.