Money Transfer Operators (MTO)

Money Transfer App Development

We live in a rapidly developing world where remittance money moves across borders every day with the help of digital payment services. If you want your customers to be able to send and receive payments quickly and easily, Softjourn’s developers have the experience and knowledge to make this happen. By leveraging our domain experience in finance, we can help our clients to make well-informed decisions when choosing the right tools to update their money transfer apps.

What We Do

Some of Our Financial Clients

Some Features We Can Help You Develop or Upgrade

Fraud Prevention

The best defense against digital bank fraud is to use a range of security features. Effective know-your-customer (KYC), and anti-money-laundering (AML) processes are the backbone of any secure money transfer service.

AML Compliance

Adding another layer of security to prevent fraud is critical for money transfer apps and their users. By checking a customer’s data globally, banks can identify high-risk clients and take the measures necessary to protect other users.

KYC

With automated KYC registration and verification, financial institutions can verify the identity of users to keep their accounts safe. KYC verification helps money transfer apps provide a smooth client onboarding experience and minimizes fraud risk, which benefits all parties.

Digital Wallet

Allowing clients to have their money at their disposal and within easy reach is important. With digital wallets, money transfer apps users can have their accounts available through phone apps and take advantage of them for online shopping, paying bills, sending money, and much more.

Mobile Money

Mobile money is a great alternative to classic bank accounts as it connects a person’s account with a mobile number. This service is popular in remote areas and in developing countries, where users don’t have easy access to banks or ATMs.

Send/Request money

Sending and receiving money is embedded in every digital wallet. With additional ID checks, peer-to-peer transactions become safer for all your users. Regardless of the currency, every transaction can send money to another account in a matter of seconds.

Generate invoice/bill

If you would like to cater to the needs of freelancers, a cross-border invoice generator is a feature they will certainly find useful. With just a few taps, your clients can generate invoices and bills, and manage all their money through a single bank account.

Payment templates

Letting your clients use their accounts to pay bills and generate payment templates will make their everyday life much easier. With payment templates, all it takes is a few clicks once a month to send remittances, pay subscriptions and set up other recurring payments.

Payments analytics

If your users would like to visualize transactions, monthly expenses or savings, payments analytics will allow them to better understand and manage their finances. With charts, clients can see how they’re spending money and how to keep up with their monthly expenses.

Prepaid cards

Prepaid payment cards have become an important way for people to access banking services without conventional KYC checks. They are easy to use and a safe alternative to cash, especially in less developed countries.

Virtual debit card

By offering virtual debit cards, you let your clients carry their money on their smartphone or smartwatch. They can easily shop online, using their device with Apple, Google or Samsung Pay, and know that their account is safe at all times.

Integration with banks

By integrating your money transfer system with a bank, you will enable users to send and receive money, regardless of their location and the currency they are using.

International transfers

While traditional money transfers can be long and tiresome, online transactions are by far the fastest way for clients to send remittances. With a few swipes, their remittances will reach their families.

Multi-currency

Making it possible for your users to exchange currencies makes cross-border transactions more important than ever. With a few swipes, they can exchange dollars for any major currency and send them to another account.

Simplified onboarding

A frictionless onboarding process that lasts no more than a few minutes will help your clients get the best first impression about your digital service. With database integration and seamless transition steps, Softjourn can help you put together a process that your users will enjoy.

Team Exntesion

Our team extension service, backed by our proficient remittance software developers, is designed to complement your existing workforce. We integrate seamlessly with your team, bringing our specialized knowledge in remittance solutions to expedite your project's progress.

Our Money Transfer Case Studies

Money Transfer Service

iKobo: Online Money Transfer Service

iKobo was looking for a money transfer app development partner with substantial experience in financial systems—specifically payments. They needed a team that understood Regtech and fraud protection. Since Softjourn has extensive financial industry experience and knowledge, the choice was made pretty quickly.

Technologies:

C/C++ PHP PostgreSQL

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Money Transfer Service

Viamericas: Wire Transfer Services for Latin America

Viamericas is the #1 ranked licensed money transmitter offering international money transfers and bill payments at thousands of agent locations across the United States. They are partnering with Softjourn to build their own banking solutions with improved functionality and integrated OCR software in the final solution.

Technologies:

Confidential Information

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Payment Processing

UPC: Improving Payment Processing with Server Maintenance

To respond to their customer’s changing needs and keep maintenance costs down, UPC collaborated with Softjourn to migrate and update their processes associated with eCommerce Connect. By updating the software, UPC also ensured that ongoing and future maintenance of the entire processing system would be easier, faster, and cheaper.

Technologies:

Java Oracle Vue.js

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Payments Platform

Card Tent Partners With Softjourn to Develop Its Global Money Transfer Platform.

Card Tent’s Pay & Reward platform supports both reward payments for employee incentives or consumer promotions and 1099 payments to agents and vendors.

Technologies:

Node.js JavaScript Redux Typescript

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Want to know how our financial experts can help your app?

Engagement Models

Need technical skills or expertise? A dedicated team with money transfer system development experience can help extend resources, and can work seamlessly with your company under your guidance or ours. This model is ideal when planning long-term or larger scope projects, have several projects or a pool of tasks, or don’t have a clear vision of future project objectives. Learn more about how Softjourn’s dedicated team can support your projects and scale your business goals.

Fixed cost pricing is best suited for MTO projects with a strictly defined scope that won’t change. The main advantage is it allows clients to plan and set an exact budget. If the scope is undefined, we can also work with you to develop high-level specs. Once agreed upon, we send a proposal that provides a snapshot of time, costs, team structure, and deliverables.

This model usually applies for prototypes, when a client, and thus our developers, don’t have a clearly defined scope. The client pays for work completed, based on agreed upon benchmarks. So they play a greater role in the development of software solutions and carry all risks related to the scope of work. The client is assigned a team and is billed for actual time accrued.

What Services We Offer

Consulting

Whether upgrading an existing code or creating a new one, the most important expertise we offer is a proven approach to mitigating risk and containing costs. Discover more about Softjourn's expert Consulting Services.

Definitions/Specs

Often clients don’t know what product they need, but do know the results they want. Our job is to help define the product and develop optimal solutions to get those results. Learn more about Softjourn's Discovery Phase Services.

Research & Development

To compete, our clients continually need to provide new and better services. We have our own R&D Centers – started in 2008 – which uniquely positions us to do just that. Read more about Softjourn's Research and Development Services.

UI/UX Design

Our developers and illustrators are experts at UI and UX design. They will work with you to understand your needs in going from idea to prototype to deployment faster and at less cost. Explore further into Softjourn's Digital Product Design Services.

Software Development

Financial software development has grown exponentially in recent decades. Softjourn is the solution to help you define and develop forward-thinking technology that gets real-world results. Get to know more about Softjourn's Software Engineering Services.

Quality Assurance

Our core belief is that analyzing and testing is critical because the essential role of software is so important. In the process, our Quality Assurance team helps you create superior products. Explore further into Softjourn's QA services.

Application Maintenance

Since day one, we’ve been providing application support and maintenance services to each customer on every project. It’s why we’re a proven, trusted partner and reliable asset. Get to know more about Softjourn's Application Support and Maintenance Services.

Innovative Technology Solutions

Our technology stack at Softjourn is designed to empower us to deliver world-class services to our clients. With a strong focus on innovation and efficiency, we continually adapt our expertise to stay ahead of the curve. Discover the Technologies and Frameworks we utilize, and learn how we can bring your ideas to life.

Client Testimonials

Tacit Corporation chose Softjourn as their technology partner, impressed by our technical expertise and direct approach. Brenda Crainic, CTO of Tacit, highlighted, "Our Softjourn team developed and helped us certify most of our integrations with over 60 third-party systems, such as Point of Sale, payment gateways, loyalty and gift cards, players cards, student cards, lockers and most recently, autonomous stores.
Our team’s dedication to understanding Tacit's needs has been instrumental in enhancing their platform’s capabilities, ensuring robust system development solutions. This ongoing collaboration underscores our commitment to delivering high-quality, innovative services that support our clients' visions." - Brenda Crainic, CTO and Co-Founder of Tacit

Read the Full Case Study

We have been working with Softjourn for 12+ years now and our developers continue to impress me with their expertise, knowledge, and dedication to our project.

Brenda Crainic
CTO at Tacit Innovations

We were encouraged because Softjourn asked the right questions and involved people with the right experience in the conversations.

Toffer Grant
Founder at PEX

Softjourn consistently delivers what we ask for, and more. Their deep industry knowledge and business-level insight enable them to spot potential issues early, ensuring the success of our projects.

Philip Pettinato
CTO of Versapay

Money Transfer App Development

Some Features We Can Help You Develop or Upgrade

Fraud Prevention

AML Compliance

KYC

Digital Wallet

Mobile Money

Send/Request money

Generate invoice/bill

Payment templates

Payments analytics

Prepaid cards

Virtual debit card

Integration with banks

International transfers

Multi-currency

Simplified onboarding

Team Exntesion

Our Money Transfer Case Studies

iKobo: Online Money Transfer Service

Viamericas: Wire Transfer Services for Latin America

UPC: Improving Payment Processing with Server Maintenance

Card Tent Partners With Softjourn to Develop Its Global Money Transfer Platform.

Engagement Models

What Services We Offer

Client Testimonials

Financial Insights

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Guide to the FedNow Payment Service for Fintechs in 2025