What Makes Offshore Money Transfers Challenging?

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South African banks love to promote their tech credentials. They’ll incorporate any awards they win for innovation or tech integration into their marketing materials and race each other to introduce new app features. For the most part, there’s nothing wrong with that. South African banks have embraced new technologies much quicker than their traditional developed-world counterparts .are one of the most glaring areas of concern regarding banking technology.

Anyone wanting to make an international money transfer will likely have to download forms, fill them out manually, and either drop them off at the bank or email them back. From there, someone at the bank will have to manually input the details from the form into the bank’s system. It’s incredibly inefficient, and unnecessarily so.

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