DeeMoney Launches Next-Day International Money Transfer Service “DeeNEXT” in Thailand

New DeeNEXT service guarantees transfers to nine countries and 19 markets under the European Union by the next business day at a flat rate of THB250

BANGKOK, January 23rd, 2020 – DeeMoney, a FinTech company specialising in digital cross-border money transfers, today announced the launch of DeeNEXT, a next-day money transfer service to cater to the growing demand for affordable real-time money transfers from Thailand to the world. The new service guarantees transactions are completed within the next business day and is offered at a flat rate of just THB 250 [US$ 8.27] with no hidden charges and no matter the amount transferred.

DeeNEXT will support outbound money transfers to nine countries and 19 markets under the European Union. This includes the United States, United Kingdom, Australia, Singapore, Malaysia, Pakistan, India, Indonesia, and the Philippines. The European Union markets are Germany, France, Italy, Spain, Portugal, the Netherlands, Austria, Cyprus, Estonia, Malta, Finland, Ireland, Greece, Latvia, Lithuania, San Marino, Slovakia, Monaco and Belgium.

“Globally, technology has brought the world’s economies closer than ever, yet cross-border payments are typically a lengthy and opaque process that is difficult to access by a large population of financial customers, especially those who live and work abroad,” said Aswin Phlaphongphanich, Director and CEO of DeeMoney’s parent firm, SawasdeeShop. “Our DeeNEXT service is the result of us listening to our customers – those who have enjoyed our affordable flat service fees, quick and secure international transfers and competitive exchange rates – who now want a safe, accessible and hassle-free alternative for quicker money transfers.”

For more information on DeeNEXT, please visit

DeeNext

Since 2018, DeeMoney has grown to become a leading player in Thailand’s money transfer sector. It is also the nation’s first non-bank organisation licensed by the Bank of Thailand (BoT) to conduct international money transfers and currency exchange services. To date, DeeMoney has achieved US$40 million in transaction volume with approximately 30,000 transactions. Almost 15,000 customers have registered with DeeMoney and are onboarded through the strictest on-site and face-to-face regulations as mandated by the BoT.

DeeNEXT is available over the counter and through the DeeMoney mobile app. All transactions must be initiated in Thailand and funds can be sent across the globe. The company guarantees that the funds will reach its recipients by the next business day.

Starting today to April 30th, 2020, DeeMoney is offering a promotional fee of THB125 (+VAT) for all remittance transactions. For countries that do not qualify for the DeeNEXT service yet, fees remain at THB150 (+VAT). These include Cambodia, Bangladesh, Nepal, Sri Lanka, China, Myanmar and Vietnam.

Following the launch of DeeNEXT, the company’s immediate expansion plans include onboarding more countries to the next-day service and expanding its global network by acquiring licenses in Singapore and Europe.

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Decoding the Role of a Silent Partner

Decoding the Role of a Silent Partner

When it comes to raising funds for the business, bootstrapping, venture capitalists and angel investors are the standard choices in every entrepreneur’s mind. However, with each investment option, there is a fear of losing control due to outside influence.

What China’s Crackdown on Crypto Can Mean for the Market

What China’s Crackdown on Crypto Can Mean for the Market

The People’s Bank of China said in September this year that “all virtual currency-related business activities are illegal financial activities”, including services by overseas cryptocurrency exchanges to Chinese residents through the Internet.

What Is a DAO and How Does It Make Money

What Is a DAO and How Does It Make Money?

Imagine that you and your partners come up with an excellent business idea. After drafting a thorough plan, all you need is the money to execute it. For that, you can set up a decentralized autonomous organization, or DAO. To join the organization, people buy tokens, gaining part ownership of your company while investing in it.

What Are Decentralized Financing (DeFi)Platforms

What Are Decentralized Financing (DeFi)Platforms?

Decentralized financing (DeFi) is a blockchain-based financial system that does not rely on traditional financial institutions like banks. Decentralized financing platforms allow users to trade cryptocurrencies and make available other financial services, like borrowing and lending. In 2021, DeFi industry has grown to US$80 billion, with an expected ten-fold growth by 2022.