FAQ | RemitONE

FAQ:Pricing Models

FAQ | RemitONE

Can a client start on the rental model and move to the sale model later on?: Yes you can. You can start with the rental model and when you move to the sale model, we will discount the rental setup fee from the sale price for you. You can move to a different pricing model anytime you want; no restrictions at all. Read here on more information about pricing.
How much does the RemitONE platform cost?: RemitONE caters to the needs of all types of money services businesses, be they start-ups, SMEs, money transfer operators, mobile network operators, banks and post offices. Our prices vary depending on a variety of factors including your business model, the product or service you are after and the size of your business and the monthly transaction volumes you do or plan to do. For more information on pricing, please contact us.
What type of pricing models do RemitONE have?: RemitONE offers two types of pricing models – rental and sale. The rental model is a Software-as-a-Service (SaaS) model where the client pays a one-off setup fee for the product and then pays a monthly rent which depends on the number of transactions the client makes per month. Hardware (hosting, IT infrastructure) and software (support and maintenance) costs are included in the monthly rent.

The sale, or on-premise model is a license/DIY model where the client buys the license to use our systems. For more information on pricing, please read here.
Can a client start on the rental model and move to sale model later on?: Yes you can. You can start with the rental model and when you move to the sale model, we will discount the rental setup fee from the sale price for you. You can move to a different pricing model anytime you want; no restrictions at all. Read here on more information about pricing.

What others say

The RemitONE platform is highly robust, scalable and secure. We use it to reach out to customers via our agent network and online portal. The platform enables us to mitigate fraud and stay compliant at all times through both these channels. Creating compliance rules is very quick and simple in the platform and I strongly recommend it.

Mr Azad Kamrul, CEO
B A Exchange, part of Bank Asia

RemitONE’s platform is robust, easy to use, and at the same time affordable. The system does not require rigorous training or technical skills. We make bold to say that procurement of RemitONE revolutionised the profitability of Africash as the product has recorded huge in crease in profitability. The product moved from a nominal product to one of the bank’s flagship products since the introduction of the platform due to the improvement it brought in the areas of swift transaction processing and quality of service. In fact, all staff have become ambassadors for Africash due to the efficiency of the system. Riding on RemitONE, Africash has turned loss making and low performing offices to super profit business offices in the bank. Income made in the first year of RemitONE deployment has exceeded the past 4 years income.

Nkiru Udechukwu, Product Manager
United Bank for Africa

The RemitONE platform has been built to meet the needs of all types of banks and money transfer operators. It has been developed with a thorough understanding of the remittance market and therefore addresses the specific needs of the industry – this contrasts with a number of other systems which are really adjusted banking systems and are not appropriate for remittance operations. The RemitONE platform is appropriate for businesses around the world and is particularly strong for managing agent networks and compliance.

Leon Isaacs, Managing Director
Developing Markets Associates