Electrum Money Transfer links banks or money transfer operators with retailers to enable digital and cash-based person-to-person remittances. The back-office functionality includes reconciliation, transaction matching, fee calculation, exception handling, and settlement reporting.
Drive loyalty by helping your customers to easily connect to the money transfer ecosystem and gain your share of this market.
Money Transfer Integrations
Electrum provides generic interfaces and pre-built integrations for most money transfer services. Use Electrum as the single integration point to connect from your payments environment to your desired money transfer providers.
Banks or Money Transfer Operators
Position money transfers as a core part of your customers’ digital experience and expand your transactional revenue. Get to market quicker by leveraging a trusted solution for the creation, management, and redemption of remittances.
Drive adoption by offering easy pay-ins and cash-outs through your banking channels or South Africa’s three largest retailers.
Utilise an established network for local and international remittances.
Banks’ Customer Journey
Increase footfall and capture additional sales by offering pay-ins and cash-outs on behalf of banks and money transfer operators.
Earn fees and commissions quickly by integrating your point-of-sale to an established domestic and international network.
Retailers’ Customer Journey
Electrum helps Mama Money offer low cost remittances to South Africans and migrant workers
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