Blog post

Sending money to friends and family living overseas has never been easier – thanks to Crosspay

Author:    Preethy Kurian, Crosspay   |   February 16, 2024

Introduction: 

Sending money to loved ones living abroad is now more necessary than ever. Whether supporting their financial needs or celebrating special occasions, a reliable and secure money transfer service is crucial. If you’re looking for a solution that offers convenience, security, and competitive rates, look no further than Crosspay. With its user-friendly features, quick transfers, and admirable customer reviews, Crosspay is the ideal choice for sending money to your family and friends overseas. 

Sending Money Abroad: Key Statistics and Figures  

According to the latest data on cross-border payments from the U.K., the volume of international money transfers has steadily increased over the past two years. The value of cross-border payments is estimated from almost $150 trillion in 2017 to over $250 trillion by 2027, equating to a rise of over $100 trillion in just 10 years. [1] This highlights the increasing need for trustworthy and efficient money transfer services for individuals who have loved ones living overseas. 

Cross-border payments can be categorized into two main types. Wholesale cross-border payments are conducted between financial institutions to support customer activities and the institution’s own cross-border processes, including borrowing, lending, foreign exchange, and trading in various financial instruments. Governments and larger non-financial companies also utilize wholesale payments for import/export transactions and trading in financial markets. On the other hand, retail cross-border payments involve individuals and businesses, such as person-to-person, person-to-business, and business-to-business transactions. Remittances are a noteworthy type of retail cross-border payments, representing money migrants send to their home countries. At Crosspay, we simplify both wholesale and retail cross-border payments with our dedicated and convenient solutions. Trust us to deliver top-notch financial services with ease and dependability. 

Crosspay: A Secure and Convenient Solution 

Crosspay understands the importance of transferring funds internationally with ease and security. Our platform offers a secure and convenient solution, ensuring your loved ones receive the money quickly and safely. But don’t just take our word for it; here are some reviews from our satisfied customers: 

Trustpilot Review: “I have been using Crosspay to send money to my family abroad for over a year now, and I am impressed with their service. The transfers are quick, and the rates are competitive. Highly recommended!”  

Google Review: ”Crosspay has made sending money to my loved ones overseas a breeze. The platform is user-friendly, and the transfers are fast and secure. I appreciate their commitment to customer satisfaction.” 

With reviews like these, you can trust that Crosspay is committed to providing a reliable and exceptional money transfer products. 

User-Friendly Features and Competitive Exchange Rates 

Crosspay offers a range of user-friendly features that make sending money overseas effortless. In some countries, our instant transfer option ensures that your loved ones receive the funds within minutes, promptly providing them with the financial support they need. No more waiting for days for the transfer to go through – Crosspay ensures a seamless and timely remittances. 

Additionally, Crosspay provides competitive exchange rates, allowing you to make the most out of your money when sending it abroad. We understand the value of your hard-earned currency and aim to provide you with the best rates in the market. With Crosspay, you can trust that your money will go further, supporting your family and friends more effectively. 

Crosspay: Branches and Partners 

With a global presence, Crosspay has also established branches in London to enhance its services. Crosspay has conveniently located retail locations in various areas, including Barkingside, Croydon, East Ham, Hounslow, King William, Portobello, Tooting, Upton Park, and Wembley. Our retail locations offer excellent customer service and working hours that accommodate your needs. We encourage you to visit one of our locations for an all-in-one cross-border money transfer solution. Visit https://crosspaymt.com/retail-locations/ for the details. 

Crosspay has strategically partnered with banks and financial institutions across various countries, establishing a global reach for its services. These partnerships can be seen through their collaborations with banks in India, Pakistan, Nepal, and the Philippines, as well as in Bangladesh and Sri Lanka. Additionally, Crosspay has extended its footprint in nations like Ghana, Kenya, and Nigeria, strengthening its presence in these key African markets. These extensive partnerships enable Crosspay to offer its customers a smooth and secure cross-border money transfer experience, ensuring global accessibility and convenience. Our partnerships provide comprehensive coverage, ensuring that your loved ones have access to our fast and solid money transfer services. 

Conclusion: 

Thank you for exploring the ease and security of sending money to friends and family overseas with Crosspay. We aim to make your money transfers as easy and reliable as possible. With our user-friendly features, quick transfers, and competitive exchange rates, Crosspay ensures that supporting your loved ones has never been easier. 

Trust Crosspay for all your global payment needs. Our commitment to exceptional service, backed by positive customer reviews, ensures that your money is in safe hands. We appreciate your time and interest and invite you to experience the great rates and services that Crosspay offers for global payments. 

Choose Crosspay and discover a hassle-free and secure solution for sending money overseas to your family and friends. We look forward to serving you and providing excellent rates and services for all your global payments. 

References: 

[1] Bank of England. ” Cross-border Payments.” (source: https://www.bankofengland.co.uk/payment-and-settlement/cross-border-payments) 

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