Finance

PayWush bags US funding

0

Online gate-ways are in for money-exchange

Remember those days when one had to drive or walk ten miles or more to find a money transfer agency in the city to send some money home from their resident countries? Or, one had to wait in the long queue at a post office to get the purpose solved. The gestation period for each transaction was for days or even a month. Thanks to the use of the internet that such are the things of the past. Today the online money exchange platforms are on a rat race to beat one another. There are so many of them in the exchange market.

The difference that makes PayWush

But what is it that ticks for PayWush? This online money-exchange platform has been able to grow at a rapid rate since the launching in 2017. On month to month basis the growth of clientele has been forty to fifty per cent higher and by the end of this year, an estimated five million or more customers will be using PayWush. The answer obviously is the simplicity of the user interface. The hassle-free navigation, the privacy, the safety and low commission rate for each transaction.

 All these scores in retaining the clientele and expanding the customer base at a rapid pace which is quite beyond apprehension. Within the two years, the company has made over three million transactions in mainly the Indian Market. Though, slowly it is expanding its base at the other South-East Asian countries.

PayWush gaining the favour of business houses

What does a businessman assess while making a transaction? The answer is obviously profit maximisation. It cuts deep in the purse when the exchange rate for a transaction is higher especially when the transfer amount is more. Since https//paywush.com gives access to business owners along with freelancers and professionals, it has kept the option opened for larger amount transactions. In fact, it encourages a huge amount of transactions by keeping the commission for exchange as low as 1.5 per cent per transaction.

 Eventually, the company has been able to bag a clientele base of more than a thousand business houses within the past two years. Needless to mention, though the company operates from India, it acts globally. Send money with PayWush to and from any part of the world to know for yourself.

The company bags US funding

What is the expectation of an investor who funds for the company?  Obviously, it is the potential for growth. Statistics is all too in favour of PayWush. It has grown four times over the last year from the year before and is expected to grow ten times more by the end of 2020. The reputation and prospect of the company have helped it to gain funding from the United States of America. The investors are sure of the growth in future and have funded ten million U.S dollars to PayWush. The authorities of the company are hopeful that more of such type of funding will be available from investors in the near future.

Why Financial Statistics Matter In Business

Previous article

5 Ways to be Better at Money in 2020

Next article

You may also like

More in Finance