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How Mindster Helped NAFEX To Expand To 200 Countries?

15 Sep 23  

Reading Time: 3 minutes

Ankitha Prasannan

Content Writer

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It’s crucial to keep ahead of the competition in the fast-paced world of fintech. As digital transformation rapidly evolves, every industry shifts its operations, and the fintech industry is unchanged. At Mindster, Aufait Technologies’ mobile business, we specialize in developing innovative solutions that meet our clients’ changing demands.

We are a top-rated fintech app development company with 13+ years of excellence. Our partnership with NAFEX, a significant money exchange house in Bahrain, is a success story related to money transfer integration. We collaborated to create the NAFEX Mobile App, which mainly focuses on remittances from abroad.

This blog post will go in-depth on the intriguing process of integrating Western Union into the NAFEX Mobile App, which increased its global reach by enabling Cash transfers to 212 countries and Account Transfer to 101 nations. Before integrating Western Union into the NAFEX Mobile App, let’s understand what NAFEX is.

What is NAFEX?

Among the top foreign exchange firms in the Kingdom of Bahrain is National Finance & Exchange Co. W.L.L. (“NAFEX”), which was established in 2001. 

NAFEX services include WPS Complaint Payroll solution, Fast bank account credit to India, Accept the Pay Now option, send and receive money instantly worldwide. 

The NAFEX Mobile App: A Global Remittances Gateway

The financial solutions provided by NAFEX Money Exchange Company are well known, and they sought to expand into the online and mobile space. NAFEX partnered with Mindster to build a Mobile App with main objective of simplifying sending money abroad for its users.

Initially, the Mindster app’s effortless integration with NAFEX’s internal exchange administration system enabled customers to transmit money to five nations. This was only the start of an incredible experience. 

The Terrapay Integration  

NAFEX decided to expand its line of services after realizing the rising need for remittances to African nations. To do this, they connected with Terrapay, a well-known international payment processor. This calculated move strengthened NAFEX’s position in the global remittance industry by allowing consumers to send money to several African countries.

The Western Union Integration 

The NAFEX Mobile App’s integration with Western Union is its most recent upgrading, which we did. Western Union, a cross-border, cross-currency money transfer company, serves more than 200 nations worldwide.

NAFEX is now one of the go-to applications for international money transfers because of its partnership with Western Union, which has dramatically increased its scope and allowed it to provide remittance services to a vast network of nations.

Critical Advantages of NAFEX-Western Union Integration

1. International Reach: With the ability to transfer money to more than 200 countries, NAFEX customers may now meet various remittance demands. 

2. Trustworthiness: Western Union is a well-known business brand renowned for providing fast, safe payments. Customers may rest easy, ensuring that their financial activities are secure. 

3. Simpleness: By integrating Western Union’s services inside the NAFEX app, consumers can engage with them without switching across systems.

4. Multiple Alternatives: Depending on the geographical location and choices of the receiver, senders can select from various transfer strategies, such as bank transfers, cash pickups, and mobile wallet deposits.

5. Real-time Tracking: Users of the NAFEX Mobile App may monitor their transactions in real-time so they can keep up-to-date on the status of the remittances.

Wrapping Up

The NAFEX Mobile App is growing with different leading integration in the Remittance space to maintain its leadership in offering its consumers smooth, safe, and practical foreign remittance services.

The money transfer integration of NAFEX with Western Union has been significant for us. Watch this space for additional information on how NAFEX and Mindster are redefining the mobile app development for financial technology landscapes.