Reap the rewards of a new revenue stream with ReadyRemit

Chances are, in today’s rapidly changing world you’re always on the lookout for innovative solutions to offer your clients. ReadyRemit brings you a new revenue opportunity by enabling fintechs and other businesses to rapidly add global payment capabilities to their products via SDK and API integration. Brightwell takes on all the heavy lifting for you when it comes to management, support, and compliance of the remittance program — making it easier than ever for you to capture new revenue while meeting the needs of your clients.

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Close a gap in your services portfolio

How we work

Capitalize on the cross-border payments market by adding a new offering to your services

The global inflow of remittances is expected to reach US$745.1 billion in 2025, growing at a CAGR of 1.20%, for the time period of 2021-2025. To meet the demands of a global user base, many fintech clients are interested in adding remittance options to their product offerings. However, without the necessary licensing to offer cross-border remittances, they require the assistance of a sponsor bank.

While our sponsor bank clients are also interested in global payments options, they typically lack the expertise, technology, or time to configure a program to address the demand. ReadyRemit provides the missing piece of the puzzle and is mutually beneficial to both sponsor banks and their fintech clients. Here’s how:

Problem:

Fintechs and neobanks want API and SDK integrations. Why?

  • They lower customer acquisition costs, since customers are already using the existing product and/or service
  • They create higher switching costs for users, as the technology is deeply embedded into existing customer workflows
  • They offer unmatched speed to market, with a plug-in solution that removes the typical complexity of setting up a new program

The reality is that the fintech industry is going global, but domestic banks are being left behind. Even if your bank currently offers many services to your fintech clients, you might be missing out on a product offering that could be of great value to them.

Solution:

ReadyRemit by Brightwell is a comprehensive remittance solution to make implementing and managing a global payments program easy for sponsor banks. Developed in partnership with remittance experts, ReadyRemit is a full-scale, full-service, fully compliant remittance engine that enables sponsor banks to enter or expand into the global payments space — without spending years and millions of dollars forming partnerships, building infrastructure, and navigating complex compliance and regulatory requirements. (We’ve already done that for you!!)

With ReadyRemit, you will:

  • Close a product gap in your portfolio
  • Introduce a new revenue stream
  • Increase customer loyalty by offering new products
  • Reduce the risk of losing clients to competitors that offer similar services
  • Launch a comprehensive remittance solution requiring only a minimal roadmap commitment
  • Brightwell assumes the majority of the compliance coverage necessary to launch and maintain a remittance program

Use Cases

How can ReadyRemit benefit your existing bank clients?

Let’s say your fintech client wants to expand their revenue stream and focus on the gig economy, but they need to be able to process global cross-border payments in order to build their product.

Without a cross-border payments solution at your bank, the fintech may seek out more progressive banking partners, or other global payments providers. The result? Your bank loses a key revenue opportunity — and possibly a client.

ReadyRemit closes a gap in your product offering, provides an additional revenue stream, and helps retain your existing clients, even if they’re looking to expand.

How can ReadyRemit attract prospective bank clients?

A well-funded fintech is looking for a sponsor bank for an omnibus account or DDA account for their new Latin America-focused user wallet — a great potential client!

But since your bank doesn’t offer cross-border payments and can’t support the prospect’s needs, you’re unlikely to win the new business. Unfortunately, the fintech moves on to evaluate other sponsor banks, or is even willing to pursue additional work and cost to implement the cross-border solution they seek.

ReadyRemit is a win-win: Not only is it a strong differentiator in the market for you, but it also helps drive additional revenue.

Our products

Our products

Expand your revenue opportunities

Leverage our global, cross-border payments experience for your clients

ReadyRemit is a comprehensive cross-border payments solution. It offers simple integration via SDKs and APIs, brand customization flexibility, and a turn-key compliance offering — all powered by our partners’ global network connectivity and payout options.

By implementing ReadyRemit, your clients can eliminate the years of work and millions of dollars it takes to form partnerships and build infrastructure, not to mention navigate the complex compliance and regulatory requirements. Instead, clients will be able to launch global payments to their users within weeks.

Here are just a few features of ReadyRemit that we’re excited to share:

  • Initiate payments to bank accounts, cash pickup, or mobile wallet in more than 120 countries
  • Get up and running fast thanks to easy integration with ReadyRemit SDKs and APIs
  • Utilize your client’s own brand and styling, embedded seamlessly into their native customer experience
  • Have peace of mind with required licensing and regulatory coverage provided through our sponsor bank partnership
  • ReadyRemit comes with a funds settlement and reconciliation engine, in addition to a comprehensive compliance engine

Expand your revenue opportunities

Easily, digitally pay global vendors, customers and employees

Managing a corporate disbursement program can be time-consuming for administration, and many businesses still rely on outdated processes like cutting checks. With ReadyDisburse, organizations can easily pay vendors, workers, and others not on payroll, and provide customer-facing payouts like rebates, rewards, and refunds with one digital solution.

  • Eliminate labor-intensive tasks of cutting checks or handling petty cash
  • Send global payments with one fast, transparent, and cost-effective solution
  • Deliver payments in near-real-time, or same day to most end points
  • Integrate ReadyDisburse directly into your current toolset, or use our custom platform

Ready to get started?