{"id":16203,"date":"2024-07-03T19:07:00","date_gmt":"2024-07-03T13:37:00","guid":{"rendered":"https:\/\/www.quytech.com\/blog\/?p=16203"},"modified":"2025-09-02T13:34:32","modified_gmt":"2025-09-02T08:04:32","slug":"how-to-develop-app-like-remitly","status":"publish","type":"post","link":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/","title":{"rendered":"How to Develop an App Like Remitly? Features, Cost, and Development Process"},"content":{"rendered":"\n<p>From waking up to the sound of phones buzzing to using fancy kitchen gadgets that assist us with cooking, technology is there in everything we do. Not just the daily tasks, tech advancements have also transformed how we manage our finances. Here, we are talking about international money transfer applications like Remitly, which have revolutionized how we send money across borders.<\/p>\n\n\n\n<p>Earlier, sending money abroad using the traditional ways was a complicated and expensive process that involved intermediaries, hefty commissions, and manual paperwork. Fortunately, apps like Remitly have enabled individuals and corporations to do quick, cost-effective, secure, and more efficient money transfers.&nbsp;<\/p>\n\n\n\n<p>That\u2019s one of the biggest reasons behind the spiking demand for international money transfer app development. If you are among those businesses seeking to develop a Remitly-like app, this blog is exclusively for you. It is a detailed guide that includes features, benefits, development process, development costs, etc.&nbsp;<\/p>\n\n\n\n<p><em>So, why wait? Let\u2019s begin.&nbsp;<\/em><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#What_is_Remitly\" >What is Remitly?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#International_Money_Transfer_App_Statistics_2024\" >International Money Transfer App Statistics 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#How_to_Develop_an_International_Money_Transfer_App_Like_Remitly\" >How to Develop an International Money Transfer App Like Remitly?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Step_1-_Discovery_and_Market_Research\" >Step 1- Discovery and Market Research&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Step_2-_Creating_the_Project_Plan\" >Step 2- Creating the Project Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Step_3-_Designing_UIUX\" >Step 3- Designing UI\/UX&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Step_4-_Choosing_the_Technology_Stack\" >Step 4- Choosing the Technology Stack<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Step_5-_Development\" >Step 5- Development<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Step_6-_Testing\" >Step 6- Testing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Step_7-_API_Integrations\" >Step 7- API Integrations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Step_8-_Deployment\" >Step 8- Deployment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Step_9-_After-launch_Support_and_Maintenance\" >Step 9- After-launch Support and Maintenance<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Get_a_Consultation\" >Get a Consultation<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Key_Features_of_an_Online_Money_Transfer_App_Like_Remitly\" >Key Features of an Online Money Transfer App Like Remitly&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#International_Transfers_Currency_Exchange\" >International Transfers &amp; Currency Exchange<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Live_Rates_and_Currency_Trends\" >Live Rates and Currency Trends<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Passbook\" >Passbook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Identity_Verification\" >Identity Verification&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Multiple_Modes_of_Payment\" >Multiple Modes of Payment&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Multi-Language_Support\" >Multi-Language Support<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Multi-Factor_Authentication\" >Multi-Factor Authentication&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Virtual_Assistant\" >Virtual Assistant&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Real-time_Notifications_and_Updates\" >Real-time Notifications and Updates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#247_Support\" >24*7 Support<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#What_are_the_Advantages_of_an_International_Money_Transfer_App_Like_Remitly\" >What are the Advantages of an International Money Transfer App Like Remitly?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#How_Does_an_International_Money_Transfer_App_Differs_from_a_Mobile_Wallet\" >How Does an International Money Transfer App Differs from a Mobile Wallet?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#International_Money_Transfer_Apps_Vs_Mobile_Wallets\" >International Money Transfer Apps Vs. Mobile Wallets<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Get_a_Consultation-2\" >Get a Consultation<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Conclusion\" >Conclusion&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#Frequently_Asked_Questions_About_International_Money_Transfer_App_Development\" >Frequently Asked Questions About International Money Transfer App Development<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" style=\"font-size:30px\"><span class=\"ez-toc-section\" id=\"What_is_Remitly\"><\/span>What is Remitly?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Remitly is a popular online money transfer app that allows you to send money across borders. With competitive exchange rates and low transaction fees, the app eliminates the requirement to visit a bank, wait in queues, and fill out lengthy forms to transfer money overseas.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:30px\"><span class=\"ez-toc-section\" id=\"International_Money_Transfer_App_Statistics_2024\"><\/span>International Money Transfer App Statistics 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Check these interesting statistics to understand all the hype about Remitly-like mobile applications:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>Bloomberg forecasts mobile payments to reach a whopping 4.8 billion by 2025.&nbsp;<\/em><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>By the first quarter of 2024, Remitly had over 6.2 million active users and a $42 billion LTM send volume.&nbsp;<\/em><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>By Q1 of 2024, Remitly\u2019s revenue was $269.1 million. They are expecting to generate total revenue of up to <\/em><a href=\"https:\/\/www.electronicpaymentsinternational.com\/news\/remitlyfy-2023-revenues-rise-by-39-per-cent\/#:~:text=Remitly%20full%20year%20earnings%20reveal,by%2039%25%20to%20%24264.8m.\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><em>$1,250 million<\/em><\/a><em> at a growth rate of 30% to 32% in the fiscal year 2024.&nbsp;<\/em><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>As per online reports, the global peer-to-peer payment market is projected to reach $9.87 trillion by 2030.&nbsp;<\/em><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>Approximately <\/em><a href=\"https:\/\/www.thinkwithgoogle.com\/marketing-strategies\/app-and-mobile\/money-transfer-app-statistics\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><em>69%<\/em><\/a><em> of smartphone users choose a mobile app over a website to transfer funds.&nbsp;&nbsp;<\/em><\/li>\n<\/ul>\n\n\n\n<p>These statistics make it evident that the international funds transfer app development market has huge potential that businesses can leverage to grow.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:30px\"><span class=\"ez-toc-section\" id=\"How_to_Develop_an_International_Money_Transfer_App_Like_Remitly\"><\/span>How to Develop an International Money Transfer App Like Remitly?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/process-to-develop-an-app-like-remitly.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"540\" src=\"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/process-to-develop-an-app-like-remitly-1024x540.png\" alt=\"\" class=\"wp-image-16205\" srcset=\"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/process-to-develop-an-app-like-remitly-1024x540.png 1024w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/process-to-develop-an-app-like-remitly-300x158.png 300w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/process-to-develop-an-app-like-remitly-768x405.png 768w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/process-to-develop-an-app-like-remitly-1536x811.png 1536w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/process-to-develop-an-app-like-remitly-830x438.png 830w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/process-to-develop-an-app-like-remitly-230x121.png 230w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/process-to-develop-an-app-like-remitly-350x185.png 350w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/process-to-develop-an-app-like-remitly-480x253.png 480w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/process-to-develop-an-app-like-remitly-150x79.png 150w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/process-to-develop-an-app-like-remitly.png 1906w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p>Here is a step-by-step or detailed guide to developing a Remitly-like international money transfer mobile application:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Step_1-_Discovery_and_Market_Research\"><\/span>Step 1- Discovery and Market Research&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The first step is understanding the project requirements, end-customers expectations, market trends, and the challenges users face with international money transfers. It also involves competitor analysis and considering the regulatory requirements for successful development.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Step_2-_Creating_the_Project_Plan\"><\/span>Step 2- Creating the Project Plan<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Preparing a detailed project plan includes defining timelines, project milestones, resource allocation, and budgeting to ensure efficient and timely project execution and completion while mitigating risks throughout the development journey.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Step_3-_Designing_UIUX\"><\/span>Step 3- Designing UI\/UX&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>UI and UX focus on crafting intuitive, visually stunning, and meaningful interfaces to enhance usability and engagement. The <a href=\"https:\/\/www.quytech.com\/services\/mobile-ui-design.php\" target=\"_blank\" rel=\"noreferrer noopener\">UI\/UX designing<\/a> phase focuses on wireframing and prototyping to check how the final app will look and how the user will interact with the app through navigation.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Step_4-_Choosing_the_Technology_Stack\"><\/span>Step 4- Choosing the Technology Stack<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Choosing the right technology stack is crucial to ensure that the app serves its purpose and aligns with the goals and objectives of a business. This step focuses on selecting the right framework, programming languages, and development tools to ensure robust and efficient development.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Step_5-_Development\"><\/span>Step 5- Development<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The development phase includes writing codes to build the backend and frontend components of an <a href=\"https:\/\/www.quytech.com\/blog\/money-transfer-app-development\/\" target=\"_blank\" rel=\"noreferrer noopener\">international money transfer app<\/a>. Adopting agile methodologies and ethical development practices minimizes iterations and ensures timely development.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Step_6-_Testing\"><\/span>Step 6- Testing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Conducting rigorous tests is an essential phase to validate the app\u2019s functionality, performance, security, compatibility, and usability on all targeted platforms, screens, and devices. It also involves identifying potential issues and resolving them to ensure successful development.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Step_7-_API_Integrations\"><\/span>Step 7- API Integrations<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>An international fund transfer app like Remity might require APIs to ensure its seamless integration into the existing network and infrastructure of a business. It may also involve third-party integrations to extend its capabilities and functionality. This phase in the development journey is all about that.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Step_8-_Deployment\"><\/span>Step 8- Deployment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Launching the online fund transfer app on the App Store or Play Store is the core purpose of this phase. For this, the developers need to adhere to the specific guidelines of each platform and have expertise in release management.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Step_9-_After-launch_Support_and_Maintenance\"><\/span>Step 9- After-launch Support and Maintenance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Monitoring the app\u2019s performance, troubleshooting bugs, and improving the app based on user feedback fall under support and maintenance. It also involves adding new features to the international money transfer app and ensuring it is compatible with the latest versions.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-vivid-red-color has-alpha-channel-opacity has-vivid-red-background-color has-background\"\/>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"callToAction blue\">\n<div class=\"heading\">\n<div class=\"heading\"><strong>Get Develop Your Dream Finance App With Our Industry Experts!<\/strong><\/div>\n<\/div>\n<div class=\"tags\">\n<ul>\n<li><a href=\"https:\/\/www.quytech.com\/portfolio.php\" target=\"_blank\" rel=\"noopener\">Portfolio<\/a><\/li>\n<li><a href=\"https:\/\/www.quytech.com\/hire-app-developers.php\" target=\"_blank\" rel=\"noopener\">Hire Developers<\/a><\/li>\n<li><a href=\"https:\/\/www.quytech.com\/blog\/\" target=\"_blank\" rel=\"noopener\">More Insights<\/a><\/li>\n<\/ul>\n<\/div>\n<h4><span class=\"ez-toc-section\" id=\"Get_a_Consultation\"><\/span>Get a Consultation<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><a class=\"btn btn-defualt\" href=\"https:\/\/www.quytech.com\/contactus.php\" target=\"_blank\" rel=\"noopener\"><strong>Get in Touch<\/strong><\/a><\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-vivid-red-color has-alpha-channel-opacity has-vivid-red-background-color has-background\"\/>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Also Check: <a href=\"https:\/\/www.quytech.com\/blog\/ai-and-machine-learning-in-fintech\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Role of Artificial Intelligence in Fintech<\/a>&nbsp;<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:30px\"><span class=\"ez-toc-section\" id=\"Key_Features_of_an_Online_Money_Transfer_App_Like_Remitly\"><\/span>Key Features of an Online Money Transfer App Like Remitly&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The features of any app play a pivotal role in its success. Therefore, it is essential to know what features should be there to make an app stand out. Here are some key features of an online money transfer application like Remitly.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\"><span class=\"ez-toc-section\" id=\"International_Transfers_Currency_Exchange\"><\/span>International Transfers &amp; Currency Exchange<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This feature facilitates effortless transfer of funds from one country to another in just a matter of minutes. The currency exchange feature showcases how much money the recipient will receive in their respective currencies.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/A1M111WTeXDu8Y4krvpAS_GtKpG61oMs3JQHs0xHsXN-7m6RBCs77VSmyl--59qZy4fcDO5pJsteLL64UrSqTZrYRtpNP_Rri-p_-mhVsMnmCvAIbpOOUATcJXcwMar-p2yZfNi9NJorjf97-v_Btxk\" alt=\"\"\/><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Live_Rates_and_Currency_Trends\"><\/span>Live Rates and Currency Trends<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>With live rates and currency trends, users can obtain real-time insights into market fluctuations and exchange rates to make informed decisions about choosing the timing of transactions and maximizing the value of money sent or received.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Passbook\"><\/span>Passbook<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>An online-only passbook is an essential feature, enabling document all cross-border transactions, check remittance history, and get convenient access to direct deposits using which they can get funds directly into their accounts before payday.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Identity_Verification\"><\/span>Identity Verification&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The online ID verification feature of an online remittance app ensures safe and secure transactions. Such apps employ advanced algorithms to evaluate the risks associated with each money transfer and prevent suspicious activities&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Multiple_Modes_of_Payment\"><\/span>Multiple Modes of Payment&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It involves supporting multiple modes of payment, including bank transfers, debit\/credit cards, and more to offer flexibility and convenience to users. This feature also enhances user experience by catering to their diverse preferences.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Multi-Language_Support\"><\/span>Multi-Language Support<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This feature enhances app accessibility for global users as they can use the app and its services in their native language, improving user experience and convenience. It breaks down language barriers.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Multi-Factor_Authentication\"><\/span>Multi-Factor Authentication&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Multi-factor authentication, such as biometrics, one-time passwords, etc., adds additional security to the money transfer app, protecting users\u2019 confidential and sensitive information against unauthorized access and fraudulent activities.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Virtual_Assistant\"><\/span>Virtual Assistant&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Users might require help while transferring money internationally, checking currency trends, and accessing the app\u2019s features. An AI-powered virtual assistant can provide personalized assistance to answer queries and guide users through transactions.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"Real-time_Notifications_and_Updates\"><\/span>Real-time Notifications and Updates<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Real-time notifications and updates keep users informed about the status of their transactions, account activities, account balances, and relevant news regarding <a href=\"https:\/\/www.quytech.com\/blockchain-development\/crypto-exchange-development.php\" target=\"_blank\" rel=\"noreferrer noopener\">currency exchange<\/a> rates and market trends.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/Ob7EiUJBkZGkkXRljkA2nLVg2Fhm9TJdjcCWOXdl6QVZi-KapyTK8YZ0IExtlvf3WZY2X18Yuju_pznVQ-CP8hBJNXg5PHDvOXLhKryYof_YFuDiULuKp0smhUKyIdbVNKeMa5lmF0Zw1RM3gS4NZxQ\" alt=\"\" style=\"width:309px;height:268px\"\/><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"247_Support\"><\/span>24*7 Support<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>With round-the-clock customer support, users can get immediate support and resolution to their queries associated with money transferring or any other service. It fosters trust and loyalty while increasing the chances of an app\u2019s success.&nbsp;<\/p>\n\n\n\n<p><em>Depending on your unique money transfer app requirements, you can add more features to this list. In case, you don\u2019t have an idea of what features should be there in the app, reach out to Quytech\u2019s experts for strategic guidance and refining your <a href=\"https:\/\/www.quytech.com\/blog\/p2p-payment-app-development\/\" target=\"_blank\" rel=\"noreferrer noopener\">P2P transfer app idea<\/a>.<\/em><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Good Reads: <a href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-a-mobile-banking-app-like-bank-of-america\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to Develop a Banking App Like Bank of America<\/a><\/p>\n<\/blockquote>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.quytech.com\/contactus.php\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"312\" src=\"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/07\/quytech-cta1-1-1024x312.png\" alt=\"develop app like onlyfance\" class=\"wp-image-16953\" srcset=\"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/07\/quytech-cta1-1-1024x312.png 1024w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/07\/quytech-cta1-1-300x91.png 300w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/07\/quytech-cta1-1-768x234.png 768w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/07\/quytech-cta1-1-830x253.png 830w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/07\/quytech-cta1-1-230x70.png 230w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/07\/quytech-cta1-1-350x107.png 350w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/07\/quytech-cta1-1-480x146.png 480w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/07\/quytech-cta1-1-150x46.png 150w, https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/07\/quytech-cta1-1.png 1254w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:30px\"><span class=\"ez-toc-section\" id=\"What_are_the_Advantages_of_an_International_Money_Transfer_App_Like_Remitly\"><\/span>What are the Advantages of an International Money Transfer App Like Remitly?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Remitly offers innumerable advantages over traditional ways of sending money from one country to another country.&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li style=\"font-size:25px\"><strong>Convenience&nbsp;<\/strong><\/li>\n<\/ol>\n\n\n\n<p>With an international money transfer app, you don\u2019t have to visit banks and wait in long queues to transfer money to your loved ones staying abroad. It offers you the convenience of doing the same merely from the comfort of your home. All you have to do is follow a few simple steps on the app, and you are good to go.&nbsp;<\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li style=\"font-size:25px\"><strong>Speed<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Speed is one of the biggest benefits that Remitly-like applications render to their users. It allows them to send money in minutes, facilitating urgent financial transactions and ensuring complete peace of mind with immediate money transfers.&nbsp;<\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li style=\"font-size:25px\"><strong>Lower Fees<\/strong><\/li>\n<\/ol>\n\n\n\n<p>Most online funds transfer apps offer competitive exchange rates and low transaction fees to facilitate cost-effective money transfers abroad. Users can save big on unnecessary charges that traditional banking ways involve.&nbsp;<\/p>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li style=\"font-size:25px\"><strong>Security&nbsp;<\/strong><\/li>\n<\/ol>\n\n\n\n<p>P2P apps, when built by reputed fintech app development companies like Quytech, vouch for end-to-end security and transparency. These companies adopt top-level encryption techniques and identity verification procedures to secure sensitive user information and protect the app from cyber attacks.&nbsp;<\/p>\n\n\n\n<ol start=\"5\" class=\"wp-block-list\">\n<li style=\"font-size:25px\"><strong>Transparency&nbsp;<\/strong><\/li>\n<\/ol>\n\n\n\n<p>A global money transfer mobile application maintains complete transparency by providing the sender and receiver with an option to track transactions in real-time. They can also keep a tab on the exchange rates and fees, fostering trust and loyalty.&nbsp;<\/p>\n\n\n\n<ol start=\"6\" class=\"wp-block-list\">\n<li style=\"font-size:25px\"><strong>Round-the-Clock Service<\/strong><\/li>\n<\/ol>\n\n\n\n<p>While traditional banks have limited operating hours, an international money transfer app offers its services 24*7, enabling users to transfer money at their convenience.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Related Read: <a href=\"https:\/\/www.quytech.com\/blog\/complete-guide-on-personal-finance-management-app-development\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to Develop a Personal Finance App<\/a><\/strong><\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:30px\"><span class=\"ez-toc-section\" id=\"How_Does_an_International_Money_Transfer_App_Differs_from_a_Mobile_Wallet\"><\/span>How Does an International Money Transfer App Differs from a Mobile Wallet?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Some users might think that a money transfer application is like a mobile wallet, however, the truth is that both are entirely different. Let\u2019s walk you through the major differences:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" style=\"font-size:25px\"><span class=\"ez-toc-section\" id=\"International_Money_Transfer_Apps_Vs_Mobile_Wallets\"><\/span>International Money Transfer Apps Vs. Mobile Wallets<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Internatl Money Transfer Apps&nbsp;<\/strong><\/td><td><strong>Mobile Wallets<\/strong><\/td><\/tr><tr><td>It transfers funds from one person to another across borders.<\/td><td>It stores money and then makes the payment.<\/td><\/tr><tr><td>Key features include international money transfers, live rates, splitting bills, etc.&nbsp;<\/td><td>Prime features include adding money, bill payments, etc.&nbsp;<\/td><\/tr><tr><td>Remitly, Wester Union, etc. are examples of international funds transfer apps.<\/td><td>Examples of mobile wallets are Google Pay, Apple Pay, Amazon Pay, etc.<\/td><\/tr><tr><td>Suitable for transferring funds beyond geographics<\/td><td>Best for making daily payments and in-store transactions.&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-vivid-red-color has-alpha-channel-opacity has-vivid-red-background-color has-background\"\/>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"callToAction blue\">\n<div class=\"heading\">\n<div class=\"heading\"><strong>Get Develop Your International Money Transfer App!<\/strong><\/div>\n<\/div>\n<div class=\"tags\">\n<ul>\n<li><a href=\"https:\/\/www.quytech.com\/portfolio.php\" target=\"_blank\" rel=\"noopener\">Portfolio<\/a><\/li>\n<li><a href=\"https:\/\/www.quytech.com\/hire-app-developers.php\" target=\"_blank\" rel=\"noopener\">Hire Developers<\/a><\/li>\n<li><a href=\"https:\/\/www.quytech.com\/blog\/\" target=\"_blank\" rel=\"noopener\">More Insights<\/a><\/li>\n<\/ul>\n<\/div>\n<h4><span class=\"ez-toc-section\" id=\"Get_a_Consultation-2\"><\/span>Get a Consultation<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><a class=\"btn btn-defualt\" href=\"https:\/\/www.quytech.com\/contactus.php\" target=\"_blank\" rel=\"noopener\"><strong>Get in Touch<\/strong><\/a><\/p>\n<\/div>\n<\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-vivid-red-color has-alpha-channel-opacity has-vivid-red-background-color has-background\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:30px\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>International money transfer apps have revolutionized how to manage finances and send funds to our loved ones living in another part of the world. Such apps have friendly interfaces and top-notch security measures to offer unmatched convenience and freedom to manage finances effortlessly. This blog, a comprehensive guide to international money transfer apps, is all about them.&nbsp;<\/p>\n\n\n\n<p>If you want a feature-rich, scalable, and secure money transfer app like Remitly, <em><a href=\"https:\/\/www.quytech.com\/mobile-application-development.php\" target=\"_blank\" rel=\"noreferrer noopener\">Quytech<\/a><\/em> is a perfect partner for you. With over a decade of experience and strong technical expertise, we develop customized international fund transfer apps that vouch for security and efficiency.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Also Read: <a href=\"https:\/\/www.quytech.com\/blog\/stock-trading-app-development\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stock Trading App Development: A Complete Guide<\/a><\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:30px\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_About_International_Money_Transfer_App_Development\"><\/span>Frequently Asked Questions About International Money Transfer App Development<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1715079057624\"><strong class=\"schema-faq-question\">Q1- <strong>What are international money transfer apps?<\/strong><\/strong> <p class=\"schema-faq-answer\">International money transfer apps provide users with a platform to send money abroad. Unlike the traditional way of transferring money through banks where users have to wait in long queues and fill out complicated forms, international money transfer apps enable them to transfer money within minutes at competitive rates.\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1715079081180\"><strong class=\"schema-faq-question\">Q2- <strong>How do international money transfer apps make money?<\/strong><\/strong> <p class=\"schema-faq-answer\">Apps like Remitly rely mainly on two monetization methods to make money:<br\/><br\/> &#8211; Currency exchange margins<br\/> &#8211; Transaction fees<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1715079124847\"><strong class=\"schema-faq-question\">Q3- <strong>What process does a user follow to transfer money abroad using an app like Remitly?<\/strong><\/strong> <p class=\"schema-faq-answer\">The steps to transfer money across borders via different applications are almost the same. Talking about Remitly, here is what a user needs to do to send money to some other country:<br\/><br\/> &#8211; Create an account by entering the required details and setting a strong password.<br\/> &#8211; Completing the account verification process to ensure security.<br\/> &#8211; Begin the transfer process by entering details like the country where you want to send money and the amount.\u00a0<br\/> &#8211; Enter the required information about the receiver.<br\/> &#8211; Select a payment method from debit\/credit card, bank deposit, etc.<br\/> &#8211; Tap the send money button\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1715079267464\"><strong class=\"schema-faq-question\">Q4- <strong>What details are required to send money abroad using an international money transfer app?<\/strong><\/strong> <p class=\"schema-faq-answer\">A person has to have four main details to facilitate online money transfers in some other country:<br\/><br\/> &#8211; Personal details<br\/> &#8211; Transfer details<br\/> &#8211; Receiver details<br\/> &#8211; Payment details\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1715079317009\"><strong class=\"schema-faq-question\">Q5- <strong>How to create an international money transfer app?<\/strong><\/strong> <p class=\"schema-faq-answer\">Creating an international fund transfer mobile application requires strong technical skills, knowledge of legal compliance, and following a stepwise development process. You can connect with an experienced mobile app development company with a prior record of working with the fintech industry and building Peer-to-Peer money transfer applications.\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1715079337936\"><strong class=\"schema-faq-question\">Q6- <strong>What are the benefits of developing an app like Remitly?<\/strong><\/strong> <p class=\"schema-faq-answer\">Creating an app like Remitly can be a boon for your business due to the following outstanding advantages:<br\/><br\/> &#8211; Lower fees<br\/> &#8211; Convenience<br\/> &#8211; Accessibility<br\/> &#8211; Speed<br\/> &#8211; Security<br\/> &#8211; Transparency<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1715079449470\"><strong class=\"schema-faq-question\">Q7- <strong>What are the key features of an online money transfer app?<\/strong><\/strong> <p class=\"schema-faq-answer\">Some of the prime features of an international fund transfer app like Remitly include:<br\/><br\/> &#8211; International Transfers &amp; Currency Exchange<br\/> &#8211; Live Rates and Currency Trends<br\/> &#8211; Passbook<br\/> &#8211; Multiple Modes of Payment\u00a0<br\/> &#8211; Multi-Language Support<br\/> &#8211; Multi-Factor Authentication\u00a0<br\/> &#8211; Virtual Assistant\u00a0<br\/> &#8211; Real-time Notifications and Updates<br\/> &#8211; 24*7 Support<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1715079531388\"><strong class=\"schema-faq-question\">Q8- <strong>What legal compliances are required for an international money transfer app?<\/strong><\/strong> <p class=\"schema-faq-answer\">While each country has its specific legal compliances to be considered for money transfer, some of the mandatory and common ones an app should include are:<br\/><br\/> &#8211; Foreign Inward Remittance Certificate\u00a0<br\/> &#8211; Anti-Money Laundering Policy (AML)<br\/> &#8211; Know Your Customer (KYC) Verification<br\/> &#8211; The Payment Card Industry Data Security Standard (PCI DSS)<br\/> &#8211; The General Data Protection Regulation (GDPR)<\/p> <\/div> <\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From waking up to the sound of phones buzzing to using fancy kitchen gadgets that assist us with cooking, technology is there in everything we [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":16204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[544,1],"tags":[639],"class_list":["post-16203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-mobile-app-development","tag-fintech-app-development"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Develop an App Like Remitly? Features, Cost, &amp; Process<\/title>\n<meta name=\"description\" content=\"Learn how to build international money transfer app like Remitly. Explore features, development process, and benefits in this complete guide.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Develop an App Like Remitly? Features, Cost, &amp; Process\" \/>\n<meta property=\"og:description\" content=\"Learn how to build international money transfer app like Remitly. Explore features, development process, and benefits in this complete guide.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/\" \/>\n<meta property=\"og:site_name\" content=\"Quytech Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Quytech\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-03T13:37:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-02T08:04:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/how-to-develop-an-app-like-remitly.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1650\" \/>\n\t<meta property=\"og:image:height\" content=\"1006\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Siddharth Garg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@sidgarg27\" \/>\n<meta name=\"twitter:site\" content=\"@Quytech\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Siddharth Garg\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":[\"Article\",\"BlogPosting\"],\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/\"},\"author\":{\"name\":\"Siddharth Garg\",\"@id\":\"https:\/\/www.quytech.com\/blog\/#\/schema\/person\/bec291844ce39e5655cdc4aba03e1eab\"},\"headline\":\"How to Develop an App Like Remitly? Features, Cost, and Development Process\",\"datePublished\":\"2024-07-03T13:37:00+00:00\",\"dateModified\":\"2025-09-02T08:04:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/\"},\"wordCount\":2340,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.quytech.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/how-to-develop-an-app-like-remitly.png\",\"keywords\":[\"Fintech app development\"],\"articleSection\":[\"Fintech\",\"Mobile App Development\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#respond\"]}]},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/\",\"url\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/\",\"name\":\"How to Develop an App Like Remitly? Features, Cost, & Process\",\"isPartOf\":{\"@id\":\"https:\/\/www.quytech.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/how-to-develop-an-app-like-remitly.png\",\"datePublished\":\"2024-07-03T13:37:00+00:00\",\"dateModified\":\"2025-09-02T08:04:32+00:00\",\"description\":\"Learn how to build international money transfer app like Remitly. Explore features, development process, and benefits in this complete guide.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#breadcrumb\"},\"mainEntity\":[{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079057624\"},{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079081180\"},{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079124847\"},{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079267464\"},{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079317009\"},{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079337936\"},{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079449470\"},{\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079531388\"}],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#primaryimage\",\"url\":\"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/how-to-develop-an-app-like-remitly.png\",\"contentUrl\":\"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/how-to-develop-an-app-like-remitly.png\",\"width\":1650,\"height\":1006,\"caption\":\"how-to-develop-an-app-like-remitly\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.quytech.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How to Develop an App Like Remitly? Features, Cost, and Development Process\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.quytech.com\/blog\/#website\",\"url\":\"https:\/\/www.quytech.com\/blog\/\",\"name\":\"Quytech Blog\",\"description\":\"Mobile App, Artificial Intelligence Blockchain, AR, VR, &amp; Gaming\",\"publisher\":{\"@id\":\"https:\/\/www.quytech.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.quytech.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.quytech.com\/blog\/#organization\",\"name\":\"Quytech\",\"url\":\"https:\/\/www.quytech.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.quytech.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2015\/05\/QUTYTECH-527-X-54.png\",\"contentUrl\":\"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2015\/05\/QUTYTECH-527-X-54.png\",\"width\":210,\"height\":23,\"caption\":\"Quytech\"},\"image\":{\"@id\":\"https:\/\/www.quytech.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Quytech\/\",\"https:\/\/x.com\/Quytech\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.quytech.com\/blog\/#\/schema\/person\/bec291844ce39e5655cdc4aba03e1eab\",\"name\":\"Siddharth Garg\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.quytech.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0ef9bf4aa1e12630f1950cfe60882d0a6375033486f7de8f455c55fbe89857d3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0ef9bf4aa1e12630f1950cfe60882d0a6375033486f7de8f455c55fbe89857d3?s=96&d=mm&r=g\",\"caption\":\"Siddharth Garg\"},\"description\":\"Siddharth is the Founder and CEO of Quytech, bringing over 20 years of expertise in AI-driven innovation, growth, and digital transformation. His strategic leadership has been instrumental in establishing the company as a trusted technology partner for building cutting-edge mobile applications, software, and technology solutions. Under his leadership since 2010, Quytech has delivered 1000+ projects globally, serving startups, mid-market companies, and Fortune 500 enterprises across diverse industries.\",\"sameAs\":[\"https:\/\/in.linkedin.com\/in\/siddharthgargquytech\",\"https:\/\/x.com\/@sidgarg27\"],\"url\":\"https:\/\/www.quytech.com\/blog\/author\/siddharth\/\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079057624\",\"position\":1,\"url\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079057624\",\"name\":\"Q1- What are international money transfer apps?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"International money transfer apps provide users with a platform to send money abroad. Unlike the traditional way of transferring money through banks where users have to wait in long queues and fill out complicated forms, international money transfer apps enable them to transfer money within minutes at competitive rates.\u00a0\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079081180\",\"position\":2,\"url\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079081180\",\"name\":\"Q2- How do international money transfer apps make money?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Apps like Remitly rely mainly on two monetization methods to make money:<br\/><br\/> - Currency exchange margins<br\/> - Transaction fees\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079124847\",\"position\":3,\"url\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079124847\",\"name\":\"Q3- What process does a user follow to transfer money abroad using an app like Remitly?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The steps to transfer money across borders via different applications are almost the same. Talking about Remitly, here is what a user needs to do to send money to some other country:<br\/><br\/> - Create an account by entering the required details and setting a strong password.<br\/> - Completing the account verification process to ensure security.<br\/> - Begin the transfer process by entering details like the country where you want to send money and the amount.\u00a0<br\/> - Enter the required information about the receiver.<br\/> - Select a payment method from debit\/credit card, bank deposit, etc.<br\/> - Tap the send money button\u00a0\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079267464\",\"position\":4,\"url\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079267464\",\"name\":\"Q4- What details are required to send money abroad using an international money transfer app?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A person has to have four main details to facilitate online money transfers in some other country:<br\/><br\/> - Personal details<br\/> - Transfer details<br\/> - Receiver details<br\/> - Payment details\u00a0\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079317009\",\"position\":5,\"url\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079317009\",\"name\":\"Q5- How to create an international money transfer app?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Creating an international fund transfer mobile application requires strong technical skills, knowledge of legal compliance, and following a stepwise development process. You can connect with an experienced mobile app development company with a prior record of working with the fintech industry and building Peer-to-Peer money transfer applications.\u00a0\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079337936\",\"position\":6,\"url\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079337936\",\"name\":\"Q6- What are the benefits of developing an app like Remitly?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Creating an app like Remitly can be a boon for your business due to the following outstanding advantages:<br\/><br\/> - Lower fees<br\/> - Convenience<br\/> - Accessibility<br\/> - Speed<br\/> - Security<br\/> - Transparency\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079449470\",\"position\":7,\"url\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079449470\",\"name\":\"Q7- What are the key features of an online money transfer app?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Some of the prime features of an international fund transfer app like Remitly include:<br\/><br\/> - International Transfers &amp; Currency Exchange<br\/> - Live Rates and Currency Trends<br\/> - Passbook<br\/> - Multiple Modes of Payment\u00a0<br\/> - Multi-Language Support<br\/> - Multi-Factor Authentication\u00a0<br\/> - Virtual Assistant\u00a0<br\/> - Real-time Notifications and Updates<br\/> - 24*7 Support\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079531388\",\"position\":8,\"url\":\"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079531388\",\"name\":\"Q8- What legal compliances are required for an international money transfer app?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"While each country has its specific legal compliances to be considered for money transfer, some of the mandatory and common ones an app should include are:<br\/><br\/> - Foreign Inward Remittance Certificate\u00a0<br\/> - Anti-Money Laundering Policy (AML)<br\/> - Know Your Customer (KYC) Verification<br\/> - The Payment Card Industry Data Security Standard (PCI DSS)<br\/> - The General Data Protection Regulation (GDPR)\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How to Develop an App Like Remitly? Features, Cost, & Process","description":"Learn how to build international money transfer app like Remitly. Explore features, development process, and benefits in this complete guide.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/","og_locale":"en_GB","og_type":"article","og_title":"How to Develop an App Like Remitly? Features, Cost, & Process","og_description":"Learn how to build international money transfer app like Remitly. Explore features, development process, and benefits in this complete guide.","og_url":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/","og_site_name":"Quytech Blog","article_publisher":"https:\/\/www.facebook.com\/Quytech\/","article_published_time":"2024-07-03T13:37:00+00:00","article_modified_time":"2025-09-02T08:04:32+00:00","og_image":[{"width":1650,"height":1006,"url":"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/how-to-develop-an-app-like-remitly.png","type":"image\/png"}],"author":"Siddharth Garg","twitter_card":"summary_large_image","twitter_creator":"@sidgarg27","twitter_site":"@Quytech","twitter_misc":{"Written by":"Siddharth Garg","Estimated reading time":"11 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["Article","BlogPosting"],"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#article","isPartOf":{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/"},"author":{"name":"Siddharth Garg","@id":"https:\/\/www.quytech.com\/blog\/#\/schema\/person\/bec291844ce39e5655cdc4aba03e1eab"},"headline":"How to Develop an App Like Remitly? Features, Cost, and Development Process","datePublished":"2024-07-03T13:37:00+00:00","dateModified":"2025-09-02T08:04:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/"},"wordCount":2340,"commentCount":0,"publisher":{"@id":"https:\/\/www.quytech.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#primaryimage"},"thumbnailUrl":"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/how-to-develop-an-app-like-remitly.png","keywords":["Fintech app development"],"articleSection":["Fintech","Mobile App Development"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#respond"]}]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/","url":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/","name":"How to Develop an App Like Remitly? Features, Cost, & Process","isPartOf":{"@id":"https:\/\/www.quytech.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#primaryimage"},"image":{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#primaryimage"},"thumbnailUrl":"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/how-to-develop-an-app-like-remitly.png","datePublished":"2024-07-03T13:37:00+00:00","dateModified":"2025-09-02T08:04:32+00:00","description":"Learn how to build international money transfer app like Remitly. Explore features, development process, and benefits in this complete guide.","breadcrumb":{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079057624"},{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079081180"},{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079124847"},{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079267464"},{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079317009"},{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079337936"},{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079449470"},{"@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079531388"}],"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#primaryimage","url":"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/how-to-develop-an-app-like-remitly.png","contentUrl":"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/how-to-develop-an-app-like-remitly.png","width":1650,"height":1006,"caption":"how-to-develop-an-app-like-remitly"},{"@type":"BreadcrumbList","@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.quytech.com\/blog\/"},{"@type":"ListItem","position":2,"name":"How to Develop an App Like Remitly? Features, Cost, and Development Process"}]},{"@type":"WebSite","@id":"https:\/\/www.quytech.com\/blog\/#website","url":"https:\/\/www.quytech.com\/blog\/","name":"Quytech Blog","description":"Mobile App, Artificial Intelligence Blockchain, AR, VR, &amp; Gaming","publisher":{"@id":"https:\/\/www.quytech.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.quytech.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.quytech.com\/blog\/#organization","name":"Quytech","url":"https:\/\/www.quytech.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.quytech.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2015\/05\/QUTYTECH-527-X-54.png","contentUrl":"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2015\/05\/QUTYTECH-527-X-54.png","width":210,"height":23,"caption":"Quytech"},"image":{"@id":"https:\/\/www.quytech.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Quytech\/","https:\/\/x.com\/Quytech"]},{"@type":"Person","@id":"https:\/\/www.quytech.com\/blog\/#\/schema\/person\/bec291844ce39e5655cdc4aba03e1eab","name":"Siddharth Garg","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.quytech.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0ef9bf4aa1e12630f1950cfe60882d0a6375033486f7de8f455c55fbe89857d3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0ef9bf4aa1e12630f1950cfe60882d0a6375033486f7de8f455c55fbe89857d3?s=96&d=mm&r=g","caption":"Siddharth Garg"},"description":"Siddharth is the Founder and CEO of Quytech, bringing over 20 years of expertise in AI-driven innovation, growth, and digital transformation. His strategic leadership has been instrumental in establishing the company as a trusted technology partner for building cutting-edge mobile applications, software, and technology solutions. Under his leadership since 2010, Quytech has delivered 1000+ projects globally, serving startups, mid-market companies, and Fortune 500 enterprises across diverse industries.","sameAs":["https:\/\/in.linkedin.com\/in\/siddharthgargquytech","https:\/\/x.com\/@sidgarg27"],"url":"https:\/\/www.quytech.com\/blog\/author\/siddharth\/"},{"@type":"Question","@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079057624","position":1,"url":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079057624","name":"Q1- What are international money transfer apps?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"International money transfer apps provide users with a platform to send money abroad. Unlike the traditional way of transferring money through banks where users have to wait in long queues and fill out complicated forms, international money transfer apps enable them to transfer money within minutes at competitive rates.\u00a0","inLanguage":"en-GB"},"inLanguage":"en-GB"},{"@type":"Question","@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079081180","position":2,"url":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079081180","name":"Q2- How do international money transfer apps make money?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Apps like Remitly rely mainly on two monetization methods to make money:<br\/><br\/> - Currency exchange margins<br\/> - Transaction fees","inLanguage":"en-GB"},"inLanguage":"en-GB"},{"@type":"Question","@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079124847","position":3,"url":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079124847","name":"Q3- What process does a user follow to transfer money abroad using an app like Remitly?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The steps to transfer money across borders via different applications are almost the same. Talking about Remitly, here is what a user needs to do to send money to some other country:<br\/><br\/> - Create an account by entering the required details and setting a strong password.<br\/> - Completing the account verification process to ensure security.<br\/> - Begin the transfer process by entering details like the country where you want to send money and the amount.\u00a0<br\/> - Enter the required information about the receiver.<br\/> - Select a payment method from debit\/credit card, bank deposit, etc.<br\/> - Tap the send money button\u00a0","inLanguage":"en-GB"},"inLanguage":"en-GB"},{"@type":"Question","@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079267464","position":4,"url":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079267464","name":"Q4- What details are required to send money abroad using an international money transfer app?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A person has to have four main details to facilitate online money transfers in some other country:<br\/><br\/> - Personal details<br\/> - Transfer details<br\/> - Receiver details<br\/> - Payment details\u00a0","inLanguage":"en-GB"},"inLanguage":"en-GB"},{"@type":"Question","@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079317009","position":5,"url":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079317009","name":"Q5- How to create an international money transfer app?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Creating an international fund transfer mobile application requires strong technical skills, knowledge of legal compliance, and following a stepwise development process. You can connect with an experienced mobile app development company with a prior record of working with the fintech industry and building Peer-to-Peer money transfer applications.\u00a0","inLanguage":"en-GB"},"inLanguage":"en-GB"},{"@type":"Question","@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079337936","position":6,"url":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079337936","name":"Q6- What are the benefits of developing an app like Remitly?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Creating an app like Remitly can be a boon for your business due to the following outstanding advantages:<br\/><br\/> - Lower fees<br\/> - Convenience<br\/> - Accessibility<br\/> - Speed<br\/> - Security<br\/> - Transparency","inLanguage":"en-GB"},"inLanguage":"en-GB"},{"@type":"Question","@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079449470","position":7,"url":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079449470","name":"Q7- What are the key features of an online money transfer app?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Some of the prime features of an international fund transfer app like Remitly include:<br\/><br\/> - International Transfers &amp; Currency Exchange<br\/> - Live Rates and Currency Trends<br\/> - Passbook<br\/> - Multiple Modes of Payment\u00a0<br\/> - Multi-Language Support<br\/> - Multi-Factor Authentication\u00a0<br\/> - Virtual Assistant\u00a0<br\/> - Real-time Notifications and Updates<br\/> - 24*7 Support","inLanguage":"en-GB"},"inLanguage":"en-GB"},{"@type":"Question","@id":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079531388","position":8,"url":"https:\/\/www.quytech.com\/blog\/how-to-develop-app-like-remitly\/#faq-question-1715079531388","name":"Q8- What legal compliances are required for an international money transfer app?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"While each country has its specific legal compliances to be considered for money transfer, some of the mandatory and common ones an app should include are:<br\/><br\/> - Foreign Inward Remittance Certificate\u00a0<br\/> - Anti-Money Laundering Policy (AML)<br\/> - Know Your Customer (KYC) Verification<br\/> - The Payment Card Industry Data Security Standard (PCI DSS)<br\/> - The General Data Protection Regulation (GDPR)","inLanguage":"en-GB"},"inLanguage":"en-GB"}]}},"jetpack_featured_media_url":"https:\/\/www.quytech.com\/blog\/wp-content\/uploads\/2024\/05\/how-to-develop-an-app-like-remitly.png","_links":{"self":[{"href":"https:\/\/www.quytech.com\/blog\/wp-json\/wp\/v2\/posts\/16203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.quytech.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.quytech.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.quytech.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.quytech.com\/blog\/wp-json\/wp\/v2\/comments?post=16203"}],"version-history":[{"count":1,"href":"https:\/\/www.quytech.com\/blog\/wp-json\/wp\/v2\/posts\/16203\/revisions"}],"predecessor-version":[{"id":20804,"href":"https:\/\/www.quytech.com\/blog\/wp-json\/wp\/v2\/posts\/16203\/revisions\/20804"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.quytech.com\/blog\/wp-json\/wp\/v2\/media\/16204"}],"wp:attachment":[{"href":"https:\/\/www.quytech.com\/blog\/wp-json\/wp\/v2\/media?parent=16203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.quytech.com\/blog\/wp-json\/wp\/v2\/categories?post=16203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.quytech.com\/blog\/wp-json\/wp\/v2\/tags?post=16203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}