
Challenge:
A real estate developer faced significant challenges in handling large, cross-border payments for property transactions. Wire transfers were costly, slow, and often subject to errors in currency conversion and intermediary bank fees.
Solution:
We implemented a secure wire transfer platform with direct connections to local banks in key markets. This included setting up automated currency conversion tools and reducing intermediary banks, lowering transaction fees and speeding up the payment process.
Results:
- Cross-border payment times were reduced by 60%, ensuring that real estate transactions were processed more efficiently.
- Transaction costs were slashed by 35%, leading to substantial savings for the developer.
- Errors related to currency conversion were reduced by 80%, improving the accuracy of payments.
Value Added:
- Faster, more efficient property transactions improved client satisfaction and increased the developer’s ability to close deals faster.
- The reduction in transaction costs allowed for more competitive pricing on property sales.
- The developer improved financial planning and budgeting due to the greater predictability of international payments.
Other Projects In Category
Global E-Payments Inc.
Projects Categories
- ACH (Automated Clearing House)
- Automated Billing and Invoicing
- Digital or E-Wallets Services
- Point of Sale (POS) Systems
- Prepaid Card Programs
- Subscription and Recurring Payments
- PCI (Payment Card Industry) Compliance
- Payment Processing Solutions
- Payment Gateway Integration
- Payment Dispute and Chargeback Resolution Services
- Payment API and Developer Tools for Software Integration
- Payment Analytics and Reporting Tools for Businesses
- Fraud Detection and Prevention Solutions
