Why are remittances toxic to senders and receivers ?
Poor utilization of resources, distrust and inneficient reporting system.
Why is Dhaxle better?
Risk mitigation, Trust and Value co-creation with customers.
Proprietary technology reduces costs.
Security : Encryption with 2 steps authentication kit before every transaction.
- Poor planning and allocation of resources by senders.
- Distrust for previous losses and overwhelming expectations from receivers.
- Challenges for effective supervision, coaching, monitoring and reporting system.
A research conducted by Pew Hispanic Center (PHC) and the Multilateral Investment Fund (MIF) unveils that in Mexico only 1% of remittances was used for investment while 78% served for household expenses.
A survey ran globally by Dhaxle in July-August 2019 towards the migrant communities showed the recurrent pains linked to money transfer as : frequent requests (90%), and overwhelming expectations (90%), cost and reliability of the system (50%).