SureRemit is an ecosystem of merchants for global non-cash remittances powered by Stellar and the RMT token. SureRemit removes the complexities involved with money transfers. It is not a money transfer service.
The SureRemit Ecosystem is designed to address two major problems immigrants face when executing cross-border and local money transfers:
- The cost of remittances is punitively high. Transferring money via banks and traditional international money transfers operators could cost from 7-12% of the value transferred;
- Over 40% of remittances are intended for specific uses like food, clothing, medicine, school fees or utility bill payments. Senders (immigrants) want to ensure that their money is being utilized for its intended purpose.
The platform connects senders directly to the merchants that serve their recipient's basic needs back home.
SureRemit leverages on the merchant network of SureGifts and other partner merchant aggregators globally, to enable immigrants to send electronic vouchers that can be used to purchase goods and services at several quality merchants back home in a few easy steps.
SureRemit does not facilitate cash transfers, and the vouchers it retails can only be used within a closed (but extensive) network of merchants in the recipients’ country.
You can also use SureRemit to pay UTILITY BILLS and SEND AIRTIME to your loved ones directly.
How does SureRemit Work?
Here is a practical example of how you can send the value to your loved ones in Africa using SureRemit:
Scenario: You want to send a value for groceries to a family member in Nigeria.
• Download this app and register.
• Select Send Voucher
• Select Nigeria in the country option and Food in Category option from the drop-down
• Enter value and pay with your RMT token
Your recipient will instantly receive a voucher to their e-mail and/or phone that can be used (and reused) at your chosen merchant.
SureRemit is expanding across different remittance corridors starting with Nigeria, Kenya and Rwanda with India, UAE, Lebanon, Turkey, Qatar coming soon. If you’ll like to see your country here, please send an email to firstname.lastname@example.org and we will work on making your country available as soon as possible.
Now, you can repeat previous transactions. This saves time when you want to make an exact purchase you have made before.
Ratings and Reviews
Revolutionary app utilising blockchain
Build on stellar platform this app can afford instant speed and no fees when sending goods from abroad to family. I can pay utility bills, send grocery gift card to my family with no fees. This is going to kill western union and it’s unreasonable fees.
Exactly what the world needs
Easy, intuitive, efficient and practical - send value across the world in an instant - I think the term disruptive technology has finally found a home ♥️🤗🤝
Great money saving App
Great concept and an App which will disrupt the expensive monopolies that currently run remittances and take money away from the people who need it most.
Up to six family members will be able to use this app with Family Sharing enabled.