Those in the remittance business often claim that overseas money transfers are not devoid of emotions. In fact, money transfers are charged with a lot of emotions.
This World Emoji Day, InstaReM, a Singapore-headquartered money transfer firm, has launched many emojis of money transfers—the Money Transfer InstaMojis—as a way for its customers to share their feedback on their transfer and conversations with the InstaReM service team 😉
- The Despair Of Missing a Desirable FX Rate
Arrrgggghh!! Yes, that feels terrible! A desirable FX rate was here just now, and it’s gone in no time. That’s infuriating and how! But there is a solution for that!
A lot of FX aggregator sites and almost all remittance service providers offer FX alerts.
You can sign up for the their daily rate alert and keep a close watch on the rate of a currency-pair. Choose your desired currency pair(s) and they will send you will get the rates alerts on your phone every day.
- The Joy of FX Rate Surge
With a rate surge the remitter gets more bang for buck, and this is THE MOMENT all remitters wait for! Whether you are sending money to your family back home, or paying for an investment or for your business, being able to send more is a joy beyond words!
- The Confusion About Fees and Margins on FX rates
Are margins fees? Or are fees margins? What is what? There’s usually a lot of raised eyebrows and head-scratching about this. A lot of remitters usually are unsure if the FX rate displayed by service providers on their currency converter is what is applied on transactions. Or are there additional charges? We understand, the industry has been rather opaque in this matter and FX rates have often been riddled with hidden charges and margins. And there are only a few players who’re upfront with their FX rates.
- The Happiness of the Best Transfer Amount
There are many remittance service providers in the market who claim to offer great rates and charge no fees. But what really matters is the value the remitter gets out of the money sent. It all boils down to finally how much really does the recipient actually get?
InstaReM goes a step further. It gives the Best Transfer Amount Guarantee on all transactions across all corridors it serves.
- The Grief of a Low FX Rate
If you must make a scheduled transfer, there is nothing that spoils the day more than having to send money at an unfavourable rate. While there is very little that one can do to help such unfair situations. But with service providers like InstaReM offer Margin-Free FX Rates and charge very nominal fees, you get the most out of your money even under such circumstances. And sometimes there are $ coupons to cheer you up 😉
- The Frustration Over an Incomplete Transfer
As with any other online business, the online remittance industry also comes against the receiving end of irate customers enquiring about their incomplete transfers. Guilty as charged! These companies may not be able to live up to our time-commitment all the time. But sometimes it’s just living by the regulations of the countries they operate in. They might need additional verification, for instance. Sometimes, the very technology that gives an edge, may fail them due to a feature update that’s gone awry. But it’s safe to say, contrary to what many customers think, remittances companies don’t hoard the customers’ hard-earned money.
So do you transfer money overseas? Would these InstaReM InstaMojis work for you? What do you think? Any other InstaMojis you think would help express your experience and emotions better? Feel free to drop in a line.
Prajit Nanu, Co-founder and CEO of InstaReM said: “While on the surface Instamojis look like a bit of fun, its actually really important we give our customers multiple ways of communicating with our teams. What sets InstaReM apart from the big banks, is we are a company that champions the consumer, and to do that successfully, we have to be able to connect with them on all levels.”
