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Cross-Platform International Remittance Platform Development
  1. case
  2. Cross-Platform International Remittance Platform Development

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Cross-Platform International Remittance Platform Development

yojji.io
Financial services

Current limitations in international money transfer processing and scalability

ValaPay requires a robust and scalable cross-platform application to handle a growing volume of international remittances. The existing infrastructure needs improvement in terms of user experience, functionality, and security to accommodate future growth and evolving market demands. A key challenge is ensuring multilingual support and the ability to easily integrate new features without disrupting core functionality.

About the Client

ValaPay is a Fintech platform facilitating international money transfers between businesses, aiming to reduce transaction costs and generate new revenue streams.

Core objectives for the new platform development

  • Develop a cross-platform application (web and mobile) for international money transfers.
  • Enhance user experience through UI/UX improvements.
  • Implement multilingual support for global accessibility.
  • Integrate advanced security features to protect user data and prevent fraud.
  • Ensure compliance with relevant financial regulations.
  • Expand payment methods and user management capabilities.
  • Enable functionalities such as campaign management, payout options, and biometric authorization.

Detailed functional requirements for the platform

  • User registration and management
  • Money transfer initiation and tracking
  • Multilingual support (multiple languages)
  • Admin panel for user and transaction management
  • Compliance officer tools for fraud detection and risk management
  • Campaign management (discounts, referral programs)
  • Payout functionality for receiving transfers
  • Biometric authorization (Face ID, fingerprint)
  • Flexible pricing models
  • Integration with various payment gateways
  • Reporting and analytics

Preferred technologies for development

React
React Native
Java

External system integrations required

  • Payment gateways (e.g., Stripe, PayPal)
  • Compliance APIs
  • Accounting software (potentially)

Key non-functional requirements

  • Scalability to handle increasing transaction volumes
  • High performance and responsiveness
  • Robust security measures to protect sensitive financial data
  • Cross-platform compatibility (web and mobile)
  • Compliance with relevant data privacy regulations

Expected business impact from the new platform

The new platform will enable ValaPay to expand its market reach, increase transaction volume, improve customer satisfaction through a better user experience, and strengthen its position as a leading Fintech provider. Enhanced security and compliance will reduce risk and build trust with users. The ability to offer new features and integrate with additional payment methods will drive revenue growth.

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