The enStage global remittance
platform provides financial
institutions or corporations an opportunity to
generate revenues from this fast growing
area. World Bank estimates that migrants
officially sent home more than $317 billion to
their families in developing countries in
2009. Remittances are playing an
increasing role in total global external
finance.
Funding
options
The consumer can pick one
of many funding options for remittance
payments.
- ACH (or equivalent)
- Check
- Wire transfer
- Credit/debit card
Payment
options
The consumer has several
options for payment delivery. Payments can
be made through:
- Credit to bank account
- Demand draft
- Credit/debit card through Visa’s Money
Transfer
- Stored value card
Benefits of enStage global
remittance platform
enStage offers a complete end-to-end
remittance management system offering
corporations and financial institutions a
turnkey deployment. Platform capabilities
include:
- Self-service portal. Enables all
participants – the service provider, the payer,
the beneficiary to track payments.
- Flexible fee module. Enables the
service provider to setup fees based on
transaction value or fixed fee along with tiered
pricing.
- Payer enrollment and account
management. This enables payer to setup
his account for ongoing transfers.
- Payer flexibility for funding the
payment. Payer can use one of multiple
funding options.
- Beneficiary management for payer. The
payer can setup multiple beneficiaries and track
payments made to them.
- Extensive reports and transactional details.
- Full fledged customer service.
