Fast-rising cross-border payments company Changera is not relenting in its efforts to revolutionize cross-border payments globally. In view of this, it is with great excitement that we announce the introduction of the new FX feature on Changera. This is great news for individuals who regularly send and receive money from abroad. The new FX feature will easily solve problems that most people encounter while carrying out international transactions. With the FX feature, personal users can send funds to US accounts as well as receive funds from their own US accounts seamlessly.
Since Changera’s inception in 2021, we have delivered on our value proposition to enable seamless and secure cross-border payments. The primary goal of our platform is to help individuals and business executives make a living of their own and so far, we’ve been living up to expectations.
Changera is a cross-border payment company that allows both individuals and businesses to carry out transactions and make payments swiftly, regardless of location. With users spread across countries such as Nigeria, Ghana, Kenya, and Canada, the company is becoming a giant in the payment industry.
Users can access features like local currency conversion, virtual dollar cards, and virtual accounts (Pounds, Dollars, and Euros). These features enable users to send and receive funds globally and also hold money across several multi-currency wallets.
The app is available for download on the Play Store and App Store. You can also follow @Changeraapp on all social media platforms.
FX Feature: What is it?
We understand how difficult and exhausting it can be for most people to carry out FX transactions. This is one of the most common challenges that parents who have to send money to children abroad encounter. That’s why we tirelessly work to provide innovative solutions to these problems. Hence, to make things easier for you, we are launching a new feature that easily solves cross-border payment problems— the FX feature for Changera Personal users.
The FX feature is designed for the transfer of funds and currency exchange needs of our users while maintaining compliance and security of their funds.
Challenges of Cross-Border Payments
As we said, Changera’s mission is to provide solutions to problems people encounter during cross-border payments. Let’s take a look at some of these challenges and how they can be a hindrance to successful international transactions.
It’s no wonder that cross-border payments are notoriously expensive. For one, there are many intermediaries involved in transferring funds from one country to the other, all of which charge fees for their services. Plus, there are regulatory costs to consider, and finally, FX fees will also be charged to convert one currency to another.
Imagine a scenario where you need to send money to a relative or loved one abroad. Of course, you wouldn’t want the cost of the transaction to amount to a large sum of money that would probably be better off being sent to the relative. Thankfully, the FX feature solves this problem by eliminating all unnecessary charges.
As a customer, you want to be confident that your money is safe and secure when sending money abroad. Unfortunately, cross-border payment systems usually suffer from high-level breaches from fraudsters and hackers. The reason for this is not far-fetched. Every country has its regulations, so the cross-border payment system is at risk of being hacked. This is more likely to happen when funds enter a country with relatively soft security and access policies.
With the FX feature, you’re guaranteed security. Plus, you can be sure that your money will reach its destination while following all compliance requirements.
International payments through traditional banks usually take longer to process compared to virtual payments. Again, the reason for this is the number of entities involved in the transfer of funds across countries. For example, if you want to send money from Nigeria to let’s say China, there will be lengthy steps to complete and this can delay payment.
Supposing there’s an urgent need to send money abroad, you can’t rely on traditional banking methods to get the work done. This is where Changera comes to your rescue with the FX feature.
Lack of Transparency
Customers want real-time tracking capabilities and unfortunately, many cross-border payment systems lack transparency. Transparency is essential for both customers and businesses who want to make sure they’re not incurring hidden costs.
Changera: The Ultimate Cross-Border Payment Solution
Changera has just launched the FX feature on Changera for Personal users. This feature will allow users to send funds to US accounts directly as well as receive funds from their already existing US accounts. Apart from this, the following are the goals the new feature aims to achieve for businesses.
Enable individuals to send and receive USD at competitive rates.
Ensure compliance with relevant financial regulations.
Encourage full transparency with users as there are no hidden fees.
Provide access to real-time exchange rates
Maintain transaction history for users, including all send and receive FX transactions.
If you want to say goodbye to the stress that comes with performing international transactions, the best thing you can do today is register on Changera. Once you create an account, you can start enjoying all the possibilities that the FX feature offers.