Development Stage of your Startup : Operational product/service
More than $30 billion fees are taken yearly from expatriates, students and migrants who need to transfer money abroad, with an average cost of 7.5% according to the WorldBank.
The market is complex mostly because the Money Transfer Operators charge fees which vary every hour.
To help individuals in finding the right solution, Moneytis compares solutions in real-time and integrates them in the website, as booking.com does with hotels.
An additional blockchain network is added among solutions, it allows to save 80% on international money transfers.
$580 billion : it's the market of individual remittances in 2014 according to the Worldbank.
expats, students, and migrants who need to transfer money abroad, are online people and looking for savings
cross-border money transfers are expensive and complex, with hidden fees and ever changing rates.
Moneytis provides a way to find easily the least expensive.