riancochran

8 ms·

1.
by riancochran 5y ago
We offer more than just sending. Wise actually charges fees too, that make lower transfer values more expensive. But beyond transfers, Wise doesn't allow it's users to hold NGN, KES, GHS, for example, nor do they allow users to
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by riancochran 5y ago
Yes. In what situation has support been bad for you?
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by riancochran 5y ago
what are some of your other pain points?
4.
by riancochran 5y ago
Users will also eventually have the freedom to hold the currencies they want rather than just two as described above.
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by riancochran 5y ago
1) Sendwave only provides remittance into Africa (among other continents), but you can't bring funds out of Africa via Sendwave. 2) That's all Sendwave does, just that one service. 3) We offer user's accounts in their count
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by riancochran 5y ago
I'd advise you begin by understanding the regulation in the markets you want to service. If this is just Panama, and you want to begin with domestic interactions, then understand what license, if any, you need in order to process paym
7.
by riancochran 5y ago
Really too early to say.
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by riancochran 5y ago
Hi. Good question. Revolut, Wise, etc, doesn't support native african currencies, nor do they support the flow of funds from Africa to NA or Europe.
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by riancochran 5y ago
Hadn't see this article, but this is a great example.
10.
by riancochran 5y ago
We can relate. All of this is solvable.
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by riancochran 5y ago
This is the grind
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by riancochran 5y ago
We will support EUR and GBP soon. They are already and option as a sending currency. But they will also become available as an account currency soon.
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by riancochran 5y ago
We only onboard users in Canada today. But we are finalizing integrations to launch in the US and UK. We support the Nigerian communities first with Kenya coming next.
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by riancochran 5y ago
None yet. But we’d like to support it eventually. We need to be careful navigating the regulation there.
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by riancochran 5y ago
Considered. Certainly something to keep an eye on but we are still miles apart with our offerings.
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by riancochran 5y ago
We have a partner that we use for verification, AML, sanction, PEP checks during onboarding.
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by riancochran 5y ago
There’s a convergence of consumer and business here. Even a home owned and leased out in a country of origin drives demand for services that aren’t offered by today’s financial institutions. Also, as you suggest, many immigrants export car
18.
by riancochran 5y ago
Yes. Certainly a challenge for most immigrant communities. Plenty of opportunity outside of the African diaspora