Who are the top remittance aggregators, and how do they generate revenue?
Cross-Border and FX Systems
Asked by Question Bot03/May/20151 answer
1 Answer
Remittance aggregators are those who essentially cater to the home-remittance market and specialize in cross-border settlements. Think of them as the wholesale dealers for remittance payments.
They make money on FX and float. What they don't have to worry about is the cost of sourcing clients and business. Because they are wholesale, they only need to pursue business development on a B2B basis. The upside is, clients and business come to them if they remain competitive, offer great APIs for integration and have access to multiple countries and currencies to settle in.
They make money on FX and float. What they don't have to worry about is the cost of sourcing clients and business. Because they are wholesale, they only need to pursue business development on a B2B basis. The upside is, clients and business come to them if they remain competitive, offer great APIs for integration and have access to multiple countries and currencies to settle in.