The need to transfer money may arise at any moment. A friend or family in sudden distress or immediate need of money, bill payment, or securing a purchase, may require an instant money transfer. Read this article to know more about international remittance money transfer.
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With the rise in technology, banking and eCommerce standards have risen substantially. With interconnected central systems and high-speed processing systems, the instantaneous from one part of the world to another can be achieved seamlessly, in no time.
You can gain from banking services that ease your experience and save both time and money.It is possible to send and receive money instantly within a few minutes, anywhere around the globe.
The process of instant money transfer or IMT is an innovative method of remittance, which enables users to send money fast even to a person who does not have a bank account or ATM card.
IMT is an easy money transfer process, which has a few simple steps:
All the sender needs to do is visit a transfer agent, fill the correctly spelled name of the beneficiary and the mobile number for SMS alerts, select the location of transfer, pay the amount that needs to be remitted and settle the transfer fee.
The agent will then provide the sender with a 16-digit code that needs to be shared with the beneficiary to enable the collection of funds transferred. The beneficiary can then visit any center in his or her locality and collect the funds by showing the security code.
Most transfer agencies provide SMS alerts and status tracking facilities to enable the sender and receivers to follow the transaction through their mobile apps or online.