Frequently Asked Questions
A money transfer app allows users to send and receive money digitally using smartphones or computers, facilitating quick and secure financial transactions.
Key features include user registration and KYC, multi-currency support, instant transfers, transaction history, secure payment gateways, and fraud prevention tools.
They use encryption, two-factor authentication, PCI DSS compliance, KYC/AML verification, and regular security audits to protect users’ data and transactions.
Common technologies include React Native or Flutter for frontend, Node.js, Laravel, or Django for backend, and integration with payment gateways like Stripe or PayPal.
Domestic apps handle transfers within one country, usually in a single currency. Cross-border apps support multiple currencies and comply with international financial regulations.
