After a successful beta, CompareRemit announced its new mobile application that is available on both iOS and Android for better personalization of remittance services and partner integration.
CompareRemit.com is the leading online marketplace for remittance service providers, committed to simplifying remittance for both partners and users. Over the years, it has helped migrants around the world save close to $28 billion annually in transfer fees and exchange rate markups by allowing users to:
CompareRemit data shows that 60% of the users prefer mobile to desktop, as we continue to see a rise in digitalization of financial services, the announcement of the new intuitive mobile application, is the first of the many changes as the company moves towards being a platform-agnostic solution for all remittance needs.
Our CompareRemit app is designed to help its user compare apps to money transfer including exchange rates, transfer fees, speed, and more.
In addition to responsive design and a robust ecosystem, here are a few features that have been incorporated into the new app:
Customized homepage: Major remittance-receiving countries are India, China. Mexico, and the Philippines according to the latest report by the World Bank. The nature of the remittance industry in each country is different due to the volume, level of competition, legalities, etc. The new customized homepage will allow users to filter out and keep only their preferred location and currencies relevant to their needs.
Personalized content: Content has been the driving engine behind CompareRemit's powerful comparison platform. With a vast database of content, allowing personalized content will help users find and scour for the content they need that is relevant to them.
Redesigned checkout: After comparing the top apps for money transfer money, CompareRemit's new mobile app allows users to be redirected and transact through their preferred money transfer company's app. This redesigned checkout experience features better use of click data for the partners to personalize the user experience seamlessly.
Improved promo code integration: This is central to CompareRemit's goal of seamless integration with partner money transfer companies. Research from Deloitte has found that consumers expect personalized offers from their financial institutions. However, 70% of the users get offers that are irrelevant to them.
Improved promo codes and coupons integration will ensure personalized, and faster access to offers by the best money transfer apps that are tailored to each user.
Data-driven ecosystem: The robust ecosystem will give access to real-time consumer insights that will allow for seamless personalization and competitive options for the users. A study from the Boston Consulting Group has shown that financial institutions that offer personalized services have seen a surge of 10% in their revenue.
Find the best international money transfer app: Our app seamlessly links to partner apps so that you can start transferring money today.
Thanks to COVID-19, we have seen digital payments become the status quo today. While exchange rates, speed of money transfer, and the cost of sending money will continue to be the core competitive factors in choosing a remittance service provider; personalization will play an important role.
The launch of the new mobile app is sacrosanct with CompareRemit's mission to transform how the migrant population sends money internationally - by providing a fair and transparent remittance marketplace. With the CompareRemit App, users can stay informed at all times, and send money internationally, from anywhere.
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