MOIN: Innovative Overseas Remittance Solution
Video
Summary
MOIN is the fastest and cheapest overseas remittance solution. MOIN's business (revenue) model is very simple: remittance charges, transaction basis.
Compared to the fee structure of traditional banks, the transaction process MOIN has is much simpler and the cost needed for the process is significantly low. Thus, it is possible for MOIN to lower the remittance charge. Customers can benefit from lower and faster money transfer service. Also, MOIN can make profit despite the low transaction fee.
When customers use MOIN’s global transfer service, MOIN takes a certain amount of fee, about 1.5 percent of the total transaction volume, for the remittance service. The remittance charge is also dependent upon a kind of currency (country) or transaction volume.
Compared to the fee structure of traditional banks, the transaction process MOIN has is much simpler and the cost needed for the process is significantly low. Thus, it is possible for MOIN to lower the remittance charge. Customers can benefit from lower and faster money transfer service. Also, MOIN can make profit despite the low transaction fee.
When customers use MOIN’s global transfer service, MOIN takes a certain amount of fee, about 1.5 percent of the total transaction volume, for the remittance service. The remittance charge is also dependent upon a kind of currency (country) or transaction volume.
Company Profile
Startup
MOIN, Inc.
MOIN is a FinTech startup to solve problems of the overseas remittance system. The traditional overseas remittance by commercial banks is based upon the SWIFT system, and it causes expensive fees, slow transfer time, and incomprehensible fee structure.
MOIN solves these problems using Rebittance (remittance + bitcoin) method. MOIN uses crypto currency instead of SWIFT system. This process becomes a customer centric process. Customers are able to send their money 80~90% cheaper.
MOIN solves these problems using Rebittance (remittance + bitcoin) method. MOIN uses crypto currency instead of SWIFT system. This process becomes a customer centric process. Customers are able to send their money 80~90% cheaper.
