With the pandemic boosting the global digital economic system and accelerating cross-border payments, persons are constantly in search of hassle-free modes of transaction. However, finding the right and reliable financial service can be difficult because of cumbersome procedures and money lost to hidden costs and trade charges. DeeMoney, Thailand’s #1 Fintech specialising in cross-border funds, aims to address these pain factors by providing cheap, transparent, and seamless cross-border cost choices.
DeeMoney is Thailand’s premier and fastest-growing Fintech company specialising in worldwide payments. The company is licensed by the Bank of Thailand, with further licences via the “International Money Remittance Service Non-Bank Licence” & “Money Exchange and E-Payment Licences”.
DeeMoney has recorded 300%+ progress through the pandemic and has processed THB one hundred Billion + and four Million+ transactions in and out of Thailand thus far. This development has been recognised with awards, together with the 2022 Business Innovation Award within the finance class and awards from World Business Outlook for Best Cross Border Payments Solution Provider Thailand and Fastest Growing Fintech Thailand. But the company’s growth doesn’t cease here. A continued emphasis on making international money transfers frictionless has led to the corporate launching a model new app – DeeMoney Neo.
DeeMoney has just lately launched its new app- DeeMoney Neo, with an goal to empower its clients. The DeeMoney Neo App is a new and improved model of its predecessor – the DeeMoney (Red) App.
Daud Charles, Chief Growth Officer, defined that the DeeMoney group had spent the final 2 years accumulating customer feedback and dealing on adding it to their products. The result is the DeeMoney Neo App, designed to leverage the ability of technology, accessibility, and transparency to ensure that financial methods empower customers to expertise the world, not act as a barrier to it.
The prospects have various choices to choose from with the Neo app, DeeMoney has added to its existing offerings. It now helps more than forty nations, with multiple payout foreign money options. Additionally, different payout choices, including account credit score or money pickup providers, can be found in some international locations. Ultimately, this gives the shoppers the freedom of choice.
Hidden fees abound on the earth of worldwide money transfers. Often, senders or receivers find yourself paying for expenses that weren’t clearly mentioned. In some instances, further fees and taxes that are charged as a helping course of can be charged to the recipient, unbeknownst to you.
“One thing that DeeMoney strives to do with our providers is to be completely transparent. Because, with Results , comes trust” – Mr Eustace Lobo, Chief Operating Officer said.
DeeMoney takes delight in its transparency with the customers by offering a flat charge, meaning there are not any hidden expenses. So, whether or not you’re transferring US$100 or $100,000, the FX fee is assured at the time of the transfer. You will only have to pay the identical flat payment of 125 baht (approximately $3.50) for many nations. If you need to transfer money to a beloved one residing in Singapore, you’ll know exactly how a lot they’ll obtain and the way much you must pay in fees. There are not any hidden costs or fees. Everything is transparent and simply seen to you within the DeeMoney Neo app.
Traditionally, wired transfers with conventional banking would take a couple of enterprise days for someone to obtain the cash. But with DeeMoney, you may be assured that your money shall be within the receiver’s account on the subsequent working day, generally even the same day after the transaction. Mr.Lobo, gave the DeeNext service for example; the service guarantees that the money will attain inside the subsequent working day. DeeMoney Neo’s clean person interface additionally ensures you can switch money with just a few clicks.
Mr. Lobo also added the importance of responsive and dependable buyer assist. He explained that if clients run into some points, customers tend to hunt quick response and help, so a strong support infrastructure is important. DeeMoney has a multilingual help staff which operates 7 days a week. When there is an issue, query or concern, the team’s human operator won’t only answer your query however will help you in tackling the problem and developing with an answer promptly. Moreover, because the staff is multilingual, you will likely be paired with an operator who speaks a language you might be snug with.
Security is a paramount concern when conducting online cash transfers. Sakchai Siripanyawuth, Chief Technology Officer, explains that since DeeMoney is licensed by the Bank of Thailand, DeeMoney is held to the same rigorous standards of the banking industry and banking platforms. So, safety is mandated, establishing belief with the purchasers.
The in-house technical expertise ensures that the platform is bulletproof by performing regular in-depth safety audits, e.g., guaranteeing that the API (Application Program Interface) is secure. Of course, normal in-app security similar to OTP (one-time passwords) and two-factor authentication are implemented. As such, the system and the new Neo App are safe and trustworthy. He added that one of the key options of the Neo App is its NFC-enabled digital onboarding experience which makes for a handy and seamless user experience while making it safer and preventing fraud.
According to a current survey, Thailand is among the many finest countries for digital nomads. The Land of Smiles has a comparatively massive and growing worldwide crowd. DeeMoney offers a seamless and environment friendly mode for those who transfer money to wherever they wish, whether or not to their dad and mom again house in Canada or their youngster learning in faculty in the United States. The benefits don’t only restrict to international switch; it extends to different monetary companies such as making funds or issuing payments of exchange.
After tuning into the customer’s needs for the previous two years, DeeMoney found that prospects value cost-effectiveness, efficiency, transparency and safety. DeeMoney Neo is designed to empower and ship what the shoppers want with its well-improved speed, transparency, safety and consumer interface..g