Mox Bank Limited has launched Express Remit, a hassle-free global money transfers service that allows Mox customers to transfer money internationally anytime, from their Mox app.
Powered by Wise Platform, Express Remit enables customers to send their money in ten foreign currencies at mid-market exchange rates quickly and seamlessly with transparent fees — all within a few clicks.
Jayant Bhatia, Chief Product Officer of Mox, said:
“Reimagining banking services is a key driver of our innovation. With Express Remit, we enhance our customer experience by removing traditional barriers to remittance and making global money transfers cheaper, faster, secure and trackable, all within our refreshed Mox app.”
Mox is the first virtual bank in Hong Kong to provide the mid-market rate for foreign exchange service, setting a new industry standard in the cross-border payments sector. Now, Mox takes this commitment further by offering global money transfer services at the mid-market rate, with no hidden fees. Customers can enjoy the mid-market point between the buy and sell prices of two currencies, giving them fair and transparent exchange rates.
By offering competitive foreign exchange fees from as low as 0.35%, enhanced features with transparency such as upfront display of all fees, immediate confirmations of transfer receipt and seamless payments tracking through the Mox app, customers can enjoy a cost-effective, fast, and convenient experience while maintaining a peace of mind throughout the remittance process.
Mox aims to continuously enhance its services to deliver the best banking experience for its customers, making financial transactions more accessible and convenient than ever before.
