International Migrant Remittances


 

The group views the International Remittance Business as a Foreign Exchange (FX) market for exotic or soft currencies and enabling duly licensed banks in developing countries to effectively "bid" and purchase the FX generated by overseas workers remittances. The M SYSTEM™ is operated as a secure private network leveraging the global distribution capabilities of modern technology to Money Systems International's network of Money Transfer Organizations (MTOs) in the Diaspora that seek low cost, yet efficient and reliable funds transfer solution.

The system has unique strengths, features, support systems and quick transaction processing capabilities. Through the M SYSTEM™ technology platform, banking and non - banking financial institutions are given the opportunity to receive international money transfers and increase their participation in the profitable Foreign Exchange (FX) Market to Ghana created by overseas workers or migrant remittance.

The strategic objectives for the introduction of the M SYSTEM™ in the International Remittance market space by the Money Systems Group are as follows:

  • Phase I: To break into the International REMITTANCE processing market;
  • Phase II: To reinvent REMITTANCE transfer systems and processes;
  • Phase III: To become the industry standard for payment processing especially remittance transfer distribution systems and to become a global player in the Consumer Funds Transfer industry.