Once registered, you can set up an account and make transfers from a mobile device or tablet.
The app allows you to send money from your bank account directly into your chosen recipient's bank account while they're overseas.
The person to whom you're sending the money will need to download the app as well, and it only works in 50 countries, although these include most of the main ones that friends and are likely to visit.
The cost for sending cash is 99p, plus there's a 1 per cent foreign exchange transfer fee. But the man behind the app reckons it could save an average of 79 per cent compared with transferring money through your bank or one of the main money- transfer companies.
Who is the man behind it? It's the former Google senior executive Laurence Aderemi, who says: "Moni uses secure technology and the ubiquity of smartphones to benefit consumers, by taking out the expensive middle man and reducing the costs of international money transfers."
Read more at Click here / www.trade4x.net
The app allows you to send money from your bank account directly into your chosen recipient's bank account while they're overseas.
The person to whom you're sending the money will need to download the app as well, and it only works in 50 countries, although these include most of the main ones that friends and are likely to visit.
The cost for sending cash is 99p, plus there's a 1 per cent foreign exchange transfer fee. But the man behind the app reckons it could save an average of 79 per cent compared with transferring money through your bank or one of the main money- transfer companies.
Who is the man behind it? It's the former Google senior executive Laurence Aderemi, who says: "Moni uses secure technology and the ubiquity of smartphones to benefit consumers, by taking out the expensive middle man and reducing the costs of international money transfers."
Read more at Click here / www.trade4x.net
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