Remitly Clone App: Create An Intense Impact In The Digital Payment Business Segment

This is the time of technologies and digital mediums, and here we get to do everything digitally, right from exchanging emotions to exchanging money. Yes, you heard it right; financial transfers are all made digitally available now. There are several payment portals already in the market like Paytm, Google Pay, PhonePe, etc.

Although there are several existing payment portals, there is one extremely efficient and promising payment app lined up in the queue called Remitly. The ideology behind this app’s name is very interesting; The word Remitly is derived from the word remittance.

Remitly is an app that provides digital remittance services through which you can pay anyone across the globe. This idea of Remitly brought into existence due to two major reasons, they are

Migration

This is an important factor that brought Remitly into existence, due to migration people from all over the world are being nomadic and move to different parts across the globe. Some go for work; some go for education, and currencies are an essential factor. With Remitly, you can easily transfer money to your family living in other countries or vice-versa.

Internationally collaborating businesses

The internet has made it possible for businesses across the globe to collaborate. This gave rise to international transfers, and the remittance can be made through Remitly.

How does Remitly work?

Remitly is a digital remittance that strives to make the money transfer process faster, affordable, and more transparent. As it is a digital service without any physical locations, it cuts down the costs as much as possible.

Once you are done signing up for Remitly and created your account, you will be ready to send a transfer. The following are the lists to ensure before you start with your transfer.
Your recipient’s name and address should exactly be as they appear on their ID, contact number.
recipient’s bank details, including the bank’s name and their account number (if sent via bank deposit)

Once you are ready with the information, you are good to go, and now it’s time to open the Remitly app or go to remitly.com to send your transfer.

• Sign in to your account
• Enter the amount you want to send; we’ll display the total your recipient will get in they receive just below.
• Select the delivery speed (within how long you want it to be processed)
• Choose a delivery method.
• If you chose a bank deposit, select your recipient’s bank. If you chose cash pickup, choose your preferred location.
• Enter your recipient’s bank details.
• Enter your recipient’s name. Note, if your recipient has more than on the last name, but their primary last name in the last name and utilize optional for the remainder of the name: enter your recipient address enter your recipient phone
• Select whether or not you’d like us to send your recipient a notification when funds are delivered or ready for pick up.
• Enter your name exactly as it appears on your registered ID.
• Register your date of birth.
• Enter your address exactly as it appears on your ID.
• State your reason for transfer review your transfer summary, paying close attention to the total your recipient will receive, the exchange rate, and the date and time your recipient can expect the funds in our delivery promise.
• Review your payment details, select edit next to any fields that need to be updated.
• Once everything looks good, select confirm the transfer

Once Remitly confirms that your transfer is on the way, you will receive a receipt to the email address provided by you earlier. There are options to make changes to your transfer if you need, such as updating your recipient’s information or canceling your transfer.

What Makes Remitly Stand Out?

• Speed: There is a choice of selection in terms of the speed of the transfer.
• Economy: It shall take up to 3-5 business days for a transfer to reach the recipient if you choose economy.
• Express: While in the express option, the money will reach the recipient within the first few hours after the transfer is made. With Express, transfers from the United States to India are accessible within 4 banking hours. However, you might experience a lower exchange rate, and in some cases, the transaction fee is higher than the economy option.
• Rates: Remitly exchange rates are quite aggressive in the market.
• Fees: Depending on your choice of payment and receiving option, you might incur higher fees. You might get waivers for these fees in most cases as offers and promotions.
• Customer Service: Their customer service support for this application is available in five different languages i.e, English, French, Spanish, Filipino, and Vietnamese. Customer support is available all-year-round through a phone call, Email, or chat only for the English language.

One thing to note is that all the delivery options are not available in all the locations. Like, Remitly India allows you to send money to India into bank accounts only.

How to create an app like Remitly?

Remitly is now being used widely across the globe. Its unique features make it stand out from the rest of the apps from the same segment. If you are looking to enter into this business segment, then you should know a few things about app development. There are many ways to build an application. Since an app developed from scratch involves a massive team of app developers, project managers, and other resources it demands a huge cost for the development.

There are Freelance developers who can help you out, but again the scope of building a standard application will remain doubtful as they wouldn’t have enough resources. Clone scripting is another process where the applications are pre-built and ready to use; this will be the best way to get into the business as it eliminates the time-consuming process of creation and also saves a lot of money. Personalized customization options are available as per the requirements of the customers. Some of the features of Remitly Clone are mentioned below:

Features – Remitly clone script

• Add Bank account: This feature lets the users add their existing or primary bank account and make a transaction from it.
• In-app chat: This app lets the users communicate with others through this feature. And obviously, it has end-to-end encryption for security purposes.
• Scan: Let the users send money by scanning the QR code. (If the sender and receiver are nearby!)
• Invite & Earn: This feature allows the users to share the Remitly clone app’s link to their friends and the users get to earn after every successful download. In this way, you can increase downloads & user base.

Final thoughts

You can save both money and time through this process of clone scripting. Remitly clone app will definitely help you to conquer the payment portal’s market segment and become as efficient and effective as the competitors. With all the loaded features and exclusive add-ons, the Remitly clone script will attract a massive number of users. So if you are still thinking about entering the market, now is the time to confirm and you have this Remitly clone app by your side.

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Author

Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.