Remittance
Customers’ Pain Points
  • Considerable time and effort are required to validate the accounts, ensure payment to the right beneficiary party and minimise fraud
  • Require to facilitate cross-border payments with transparent of real-time FX rates
Benefits
  • Provides a competitive advantage with real-time 24/7 payouts 
  • Additional assurance to ensure payments to the right party by validating the account beforehand
  • Users will have transparency of FX rates and can execute FX conversions immediately 
Use Cases for Remittance Sector

Use Case 1: Enabling real-time 24/7 payments supported by DBS RAPID


Enabling real-time 24/7 payments supported by DBS RAPID

 

Use Case 2: Availing FX enquiry rates and FX conversion with Payout Solutions via RAPID


Availing FX enquiry rates and FX conversion with Payout Solutions via RAPID

 

Case Study

FX Enquiry

Simplify funds purchase for your customers through Fx rates enquiry API.

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