MindCraft’s Cross Border Remittance solution is a robust solution for straight-through processing of cross-border cash-to-account remittances.  The solution provides ready out-of-the box support for over 42 exchange houses in the GCC region and off-the-shelf integration for foreign inward remittances.
It addresses some of the most crucial business problems including banks’ requirements to deploy technology enabled remittance services to the remitter or remittance agencies. It helps the beneficiary by extending reach to smaller branches including rural and semi urban areas. Traditionally, this was handled manually with multiple systems from ingestion to processing to fulfillment.
This is an extremely scalable solution, suitable for large transaction volumes. For domestic funds transfer, it supports NEFT, RTGS, & IMPS payment channels.