FinTech Innovation: Cross Border Payments for SMEs Made Cheaper & Easier with MoneyMatch
Does your business need to send money overseas for payment?
Or perhaps you have inbound flows from your customers paying you in foreign currencies?
Either way, MoneyMatch can help you improve your profit margins with the best and cheapest exchange rates compare to any bank!
Since time immemorial, banks have always monopolized the money transfer and foreign currency market charging ridiculously expensive FX spreads and high fees for overseas payments. How is it feasible that in this year 2017 with all the great technological advancements and the widespread penetration of digital services, banks are still charging customers a minimum of MYR 100 in fees (usually more depending on the beneficiary country as the Malaysian banks would charge about MYR25 and the overseas beneficiary bank would charge anywhere from USD15-30 to which is not even communicated to the user transparently!) and then on top of that, charge an additional 2-3% on the FX spread.
So if you're running a business and you have to make overseas payments every month totaling MYR 100,000 then you're gonna spend at least MYR 2,500 a month in fees and spreads! These unnecessary charges eats dearly (and unfairly) into an SME's gross margins! And up until this year in Malaysia, there's never actually been a genuine and legitimate alternative.
And NOW, Msogo Co-working space will be organizing a sharing session about “FinTech Innovation: Cross Border Payments for SMEs Made Cheaper & Easier with MoneyMatch”
Date : 4/4/2018
Time : 7pm-9pm
Registration time : 6pm
Venue : Msogo Co-Working Space, Prangin Mall Penang (1st Floor)
What’s gonna happen at the meetup?
A quick intro to MoneyMatch and some case studies
Q&A and next steps
Hurry Up make a reservation NOW and get the access to save money. We offer limited seat only!
For more info and ticketing please contact :
Michelle : 017-5872556 or Lawrence : 017-5392633