A tech-enabled platform for remittance and payment exchange.
PEXBANK is a tech-enabled platform that connects people for cross-border payment exchange through global networks of existing financial services. We provide the social advantage to help you find, pay, send and receive “the exact payments” you need through people available on same payment network around the world.
We are leveraging on global migration demographics, shared infrastructure, common geolocations, and mutual remittance needs to find people, access extensive payment options, cut cost & time, break conventional payment barriers and drive payment success.
International companies, schools, global merchants, manufacturers and many others often have preferred payment choices to accept or receive local and international payments but your current payment options will not support local payment methods and international transfers are way too expensive compared to local options. And when you chose international transfers, isn’t there often some kind of limitation on volume of transfer, availability of FX, paper works, required documentations or other inconveniences in addition to the cost and execution time of these payments?
This is ridiculously frustrating!
What if
we can find a number of diaspora friends sending money home to help you pay in the exact options required by these institutions while saving them the inconvenience and cost of wire transfers, providing them instantly converted cash payments, at preferred rates that they can chose or negotiate, which will allow them to make direct disbursement to the local banks of their families at home in a click?
What if
you can pay up to 20% of the cost to get new diaspora friends sending money home to help you pay for goods, luxury and services in local payment options which will save you cost, increase profit, save you the frustration of many failed payments, card declines, panic deadlines, bank delays, business decline, payment transfer limitations while giving them more value to credit their folks and families back home?
All the potential losses and bottlenecks in global payment transfers becomes instant profit for both parties.
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Signup and complete KYC requirements
Provide or request a choice payment by deposit, transfer or checkout.
Receive information to begin & complete transactions.
People in the diaspora are familiar with international payment cultures and have mastered payment systems that they use frequently. Connect with them to pay or facilitate payments that are inaccessible to you.
Avoid payment failures and frustration with diaspora facilitators!
Migrants in the diaspora (USA, UK & other countries) and people living at home can pay easily within their geographic proximities. However, they may have temporary or permanent payment limitations when they are far from home. A mutual payment exchange to meet everyone’s goals have become the most attractive option.
Bank on this!
Become more successful with payments that would ordinarily be inaccessible to you due to proximity, service or geographical bias. Boost your success in commerce, global freelancing, and personal payments for a wide variety of needs.
Due to the increasing number of localized payment products adopted in specific geographic areas around the world, accepting and making payments to and from places outside these regions present a difficult challenge.
Offer payment exchange through your payment network, access others payment networks, explore payment relationships for business, ecommerce, logistics, education and more.
Offers are diaspora payments or international payments that you provide to aid fx transfer bottlenecks to people in Africa. In exchange, you can access cash from people in Africa to settle your bills and local payments within Africa.
Requests are payments that you demand to be paid or delivered to target institutions or services.
Transfer is a delivery method for international payments. Some institutions may prefer payment transfers over other method of payments. You should indicate which method of payment that you are providing with any payments.
Deposit is also a delivery method for international payments. Some institutions may prefer payment deposits over other method of payments. You should indicate which method of payment that you are providing with any payments.
Checkout is a payment facilitation method for international payments. This targets individuals who are looking to make personal payments of some sort but are unable to pay or use any payment methods available to them. You can offer checkouts with up to 20% premium on the requested payment.
Offers are diaspora payments or international payments that you provide to aid fx transfer bottlenecks to people in Africa. In exchange, you can access cash from people in Africa to settle your bills and local payments within Africa.
Requests are payments that you demand to be paid or delivered to target institutions or services.
Transfer is a delivery method for international payments. Some institutions may prefer payment transfers over other method of payments. You should indicate which method of payment that you are providing with any payments.
Deposit is also a delivery method for international payments. Some institutions may prefer payment deposits over other method of payments. You should indicate which method of payment that you are providing with any payments.
Checkout is a payment facilitation method for international payments. This targets individuals who are looking to make personal payments of some sort but are unable to pay or use any payment methods available to them. You can offer checkouts with up to 20% premium on the requested payment.
International Students, Tourists, Remote Employees, Procurement Agents, E-commerce Enthusiasts, Researchers, Product Sourcing Agents, Charities, Payment Transfer Agents, & More. Get creative to discover how our service applies to you. Your potentials are limitless with the perfect circle of participation between migrants, freelancers and entrepreneurs complimenting the market in its distribution of stakeholders.
Provide on-demand payment help to people in Africa. All payment options accepted by global institutions and merchants are opportunities for you and payments users. This includes traditional fx payments, available digital options, gift cards, and more.
The most extensive gift card categories across countries and different services. Offer unused gift cards for value you can send home.
The most extensive digital payment categories across payment networks and global financial services.
The most extensive bank transfer listings and payment categories across countries and legal tender used in payment.
The most extensive listing of new age currencies and experimental payments with active users.
Enjoy payment help and facilitations beyond with ease. Take first steps, explore and do more than you have imagined.
Cut the standard traditional remittance fee of about 9.12% to Africa to less than 4%.
All users must have identities verified to effectively become part of this community.
Providing reserved history of your business & personal exchange transactions.
Break price monopoly with fair competition. Negotiate payment offers to advantage.
Specials plans to ensure ultimate payment execution to service cost less than 1%.
Delivering seamless customer support via the online and telephone channels.
Digital banking facilities are available for local withdrawal, transfers, and deposits.
Spend money like a local through virtual cards that allow you to make payments
Free & purchased credits to subsidize transaction fees and keep more profits.
Over 250+ payment categories and counting.
Offering the most competitive rewards up to 5% of transaction revenue.
A tool to ensure that business transactions are seamless and consensual.
Lets share some of the problems peculiar to people in the diaspora and everyone else at home.
Remittances to and from sub-saharan Africa remains the highest at about 9.12% with several middlemen banking profit on remittance losses.
Due to limited access to foreign exchange provided to bank & non-bank institutions, international spending and banking limits are implemented much to our inconvenience.
For money to travel to less popular countries, conversion happens from one local currency to USD, EUR or GPD, and then converted again to legal tender of destination country with associated costs.
Merchants & freelancers have limited their services to clients with most accessible payment options, causing to competition to rise and income to drop. Now, migrants outside these areas can almost be guaranteed payment clearance from these areas.
Payments fails because global payment gateways often reject local debit/credit cards. You can obtain a checkout service from people who already have met payment criteria to help you pay.
Only few local digital services and websites can process international credit/debit cards seamlessly unless with licensed agreements. This is a restriction to local commerce to thrive but you can offer international payment exchange to fund Naira virtual cards for local spends.
View what our esteemed users globally have to say about our services.
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