Mox Bank Limited has launched Express Remit, a hassle-free global money transfer service that allows Mox customers to transfer money internationally at any time, from the Mox app.
Powered by the Wise platform, Express Remit allows customers to send their money in ten foreign currencies at mid-market exchange rates quickly and seamlessly with transparent fees — all in a few clicks.
Jayant Bhatia, Chief Product Officer of Mox, said:
“The redesign of banking services is a key driver of our innovation. With Express Remit, we’re improving our customers’ experience by removing traditional barriers to remittances and making global money transfers cheaper, faster, secure and traceable, all through the revamped Mox app.”
Mox is the first virtual bank in Hong Kong to provide mid-market price for foreign exchange services, setting a new industry standard in cross-border payments. Now, Mox is taking this commitment further by offering global money transfer services at the market average price, with no hidden fees. Customers can enjoy the middle ground between the buy and sell prices of two currencies, giving them fair and transparent exchange rates.
Offering competitive foreign exchange fees from 0.35%, transparently enhanced features such as viewing all fees up front, instant proof of transfer confirmations and seamless payment tracking through the Mox app, customers can enjoy a cost-effective, fast and convenient experience, while maintaining peace of mind throughout the remittance process.
Mox aims to continuously improve its services to provide the best banking experience to its customers, making financial transactions more accessible and convenient than ever before.