Mox & Wise team to bring global money transfers with ‘Express Remit’

By Gloria Mathias

Mox Bank (Mox) has launched Express Remit, a hassle-free global money transfer service that allows Mox customers to transfer money internationally from their Mox app.

Powered by the Wise Platform, Express Remit enables customers to send their money in ten foreign currencies at mid-market exchange rates quickly and seamlessly with transparent fees, all within a few clicks.

Jayant Bhatia, Chief Product Officer of Mox, said, “Reimagining banking services is a key driver of our innovation. With Express Remit, we enhance our customer experience by removing traditional barriers to remittance and making global money transfers cheaper, faster, secure, and trackable, all within our refreshed Mox app.”

Bhatia adds, “With user-friendly remittance functions on our app, including currency trends and currency pairs, we aim to offer unparalleled convenience and peace of mind to our customers, elevating the banking experience and customer satisfaction for our valuable users. We have now made global money transfers as easy and simple as a local money transfer.”

Mox is a virtual bank in Hong Kong that provides the mid-market rate for foreign exchange services, setting a new industry standard in the cross-border payments sector. Mox takes this commitment further by offering global money transfer services at the mid-market rate, with no hidden fees.

By offering competitive foreign exchange fees from as low as 0.35%, enhanced features with transparency such as upfront display of all fees, immediate confirmations of transfer receipt and seamless payment tracking through the Mox app, customers can enjoy a cost-effective, fast, and convenient experience while maintaining peace of mind throughout the remittance process.

As a special promotion, all customers enjoy zero remittance and foreign exchange fees for every global transfer using Express Remit during the promotion period from February 28 to March 31, 2024. Mox customers can choose from ten foreign currencies, including AUD, CNY, EUR, GBP, IDR, INR, JPY, PHP, SGD, and USD, with more currencies to come. Stay tuned to Mox for announcements on more currency selections soon.

Mox will continuously enhance its services to deliver a banking experience for its customers, making financial transactions more accessible and convenient than before.