MatchMove launches cross-border B2B remittance platform

Fees start at $8.9 per remittance.

Singapore-based ‘banking-as-a-service’ platform MatchMove has launched its remittance platform RemitSend by Matchmove, which enables cross-border busines to business (B2B) remittances for businesses of all sizes, the company announced in a press release.

Through the new platform, SMEs in Singapore can save up to 80% of their costs associated with cross-border remittance when compared to prices currently charged by banks, according to MatchMove.

Fees start as low as $8.9 per remittance with no hidden charges or volume pricing. The price is fixed regardless of the amount being sent.

The service is now open to five countries, with more corridors planned for later dates.