Why You Should Choose a Money Transfer App Instead Bank Transfer

  • ERemit
  • 3 minutes read

In the wake of the COVID-19 pandemic, our approach to managing financial transactions has undergone a complete transformation.

Everyone accepts digital payments instead of credit cards and cash cards, from small and large grocery store owners to retail vendors and service providers.

If you need to transfer cash to a family member or your friend overseas, you can now do so more quickly and securely using your smartphone.

But how exactly?

There are various money transfer apps that make money transactions quick and convenient.

All you require is a smartphone and the right money transfer app to send money to family and friends, pay bills online, or pay for your ride from the airport.

This article will explain how a money transfer app can make your life more convenient and keep you connected to loved ones even if they are on the other side of the world.

But first, let’s understand what exactly a money transfer app.

What Is a Money Transfer App?

A money transfer app is a technology that lets you conduct financial transactions electronically or online without the need for any physical money exchange.

Both the payer and the payee exchange money using electronic means. With the help of money transfer apps, you can safely and reliably send money to anyone you want, both internationally and domestically.

What Are the Benefits of Using a Money Transfer App?

1. Security

Money transfer apps are reliable and secure to use. All transfers are encrypted, and security updates are carried out regularly.

Additionally, most smartphones these days can only be unlocked with the owner's fingerprint or a password.

In other words, even if a thief gets their hands on your device, you don't have to be concerned about them accessing the money transfer application and committing financial fraud.

2. Simple Money Tracking

Money transfer apps are ideal if you want to list your favorite transactions and access all money transfers made.

It keeps track of all your transactions so you can visit your transfer records, for instance, to verify any discrepancies.

3. Convenience

There is no necessity to visit a financial institution physically and facilitate a money transfer. You can do that with a money transfer app from anywhere in the world at any time.

You only need a smart device, login credentials, high-speed internet, and relevant details about the beneficiary.

4. Ease of Use

A money transfer app is intended to be user-friendly. All you have to do is enter your email address and valid phone number and sign up. In some apps, you can even enable the biometric feature to log in using your face or fingerprint.

The ease of accessibility of these apps can be witnessed through a few taps on the screen since it is all required to initiate a money transfer via an app.

Final Words

Money transfer apps are, without question, one of the most effective ways to transfer money abroad. They are convenient and simple to use from any location.

If you want a secure, convenient, and reliable money transfer app, ERemit is the one for you.

You can sign up easily for free and send any amount to anyone, anywhere in the world, and whenever you want.