International Remittance App
Enabling fast and safe cross-border transfers and Fx.
Location: Australia
Velmie platform in the core
The Story
Pico Pay is an Australian funds remittance service provider and currency exchange dealer. They want to break the traditional barriers for currencies by providing convenient and reliable services to its customers at the lowest possible cost.
The Solution
Velmie deployed its white-label platform and performed the required integrations and customizations within 2 months. It includes a mobile user app (digital wallet) and an admin web app.
The Features
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Individual and corporate users.
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Currency exchange with real-time exchange rates retrieved from Currencycloud every hour.
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P2P nationwide and overseas transfers processed by Currencycloud payment engine.
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Automated ID verification & KYC via Jumio integration.
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Email notifications.
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OTP (One Time Password) and notifications via SMS (Plivo).
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Live chat.
The Outcome
Relying on Velmie technology, Pico Pay launched the application that helps users make international and domestic P2P transfers and exchange currencies. It is now live and available in Australia, Hong Kong, Philippines, Japan, Malaysia, Singapore, Taiwan.