Client
Cyprus-based G.S Cashline leverage RemitONE Software to Streamline Operations
G.S Cashline, a prominent money transfer operator in Cyprus and Greece, specialises in remittance and currency exchange services. Seeking to expand their global reach and enhance their service offerings, G.S Cashline aimed to move from their previous provider to a more responsive and customisable system. They required a white-label solution that could be tailored to meet their evolving needs and support their goal of extending their reach to new global corridors.
Business Challenge
- The need for a highly customisable solution that could adapt to their specific requirements and facilitate easy changes
- Limited global reach, restricting their ability to serve a broader customer base
- Using separate systems for their operations in Greece and Cyprus instead of all-in-one suite
Money Transfer Solution
RemitONE addressed G.S Cashline with the following solutions:
- Money Transfer Engine™ (MTE): industry-leading money transfer platform used by banks and Money Transfer Operators (MTOs) worldwide
- Agent Remittance Manager™ (ARM): an agent-based money transfer system, allows G.S Cashline’s branch tellers to create transactions in a secure and compliant manner
- RemitONE Connections™: Access to our global network of banks, MTOs and payment getaways, to help G.S Cashline to expand its global reach and create more seamless transaction processes for their customers
Benefits and Results
- One Unified System: G.S Cashline implemented RemitONE MTE™ software, which allowed them to use a single system across both Greece and Cyprus. This streamlined their operations, making them more efficient and reducing the complexity of managing separate systems. Since partnering with RemitONE, they experienced a remarkable 1,700% increase in transaction volume in the Greece corridor over a 3-month period.
- Highly Customisable Platform: The RemitONE ARM™ enabled G.S Cashline to request and implement changes quickly, ensuring their system could evolve with their needs.
- Enhanced AML and Compliance measures: Strengthened their AML and compliance protocols with live ID verification system for online customer onboarding. This system verifies the authenticity and real-time presence of individuals, enhancing security and mitigating the risk of fraud.
- Global Expansion: With RemitONE’s network, G.S Cashline established 11 new connections, including corridors to Africa, allowing them to serve African migrants and diasporas in Greece and Cyprus.
If you are a Money Service Business interested in G.S Cashline’s offering or interested in RemitONE’s Money Transfer Software solution, please email marketing@remitone.com.