With the advent of globalization, people are settling down in different parts of the world, sometimes far away from home. Hence, remittance is an essential and integral part of our lives, especially for international migrant workers. And today, the demand for a reliable platform for transferring money abroad is more than ever before. As a result, there is a range of online platforms or apps available for remitting money. However, safety and security are the first and foremost lookout when the matter is related to money.
Cross-Border money transfers involve many risks and stress if not executed correctly and without involving trustworthy operators. Thus it is natural for remitters to search for a trusted remittance platform that offers low transactional rates.
Things you need to do and check for safe money transfer
Before sendin money to your loved ones, you should consider these essential points listed below.
Check on data protection, access and encryption.
You should always check on the platform through which you intend to transfer your hard-earned money. Your platform should use a powerful encryption system to ensure the safety of your transfers. And here-under I will share some guidance on how to check it:
• At the top of your screen on the address bar, you should look for the “HTTPS” protocol. Further, you must check whether the icon of a padlock appears on the left or not. This protocol is to confirm that it is a secure page.
• When registering or sign up, choose a long, unique password with signs and numbers. The threat of hacking is genuine, and the last thing you need is a password that is easy to guess. It is advisable that you create a password that is in line with the best practices to keep your account and money safe.
Cyberattacks and fraud
The remittance company or service you choose should have an anti-fraud system to prevent fraud, email scams, and identity theft. Hence, it would be ideal to use a platform that allows you to track your transaction’s status.
