Smile proximity account empowers expatriate community - The scenario as soon as you land in a new country is very familiar to many people who decide to take their bags to look for a new job opportunity: to open a bank account and be able to take the first steps in this new project, or even collect the payroll once you find work, you have to go through definitely cumbersome procedures.
Bureaucratic complications that certainly do not help to integrate into the new country.
Moneytrans was born to facilitate these processes that hinder the financial inclusion of migrants arriving in Spain and 140 other countries; and with the launch of its new Smile account, the fintech company goes a step further in its fight for this goal.
It does so, in addition, by offering a proximity product that goes beyond the mobile screen, having a network of 3,000 points of sale in Europe, “tailor-made for migrants both in terms of services and usability and multi-language support”, and with a clear social component through collaborations with NGOs.
” The migrant population has been totally neglected by traditional banking, " says Leticia Carbajo, operational director of Moneytrans in Spain, in the company's presentation video.
Smile proximity account empowers expatriate community
"When you are a migrant, an expat, and you arrive in a new country, one of the first tasks you have to face is opening a bank account, and here a real obstacle course begins.”
Carbajo points out that banks require more documentation from foreigners to open an account, in addition to forcing them to hire other services such as insurance, without offering services in other languages or the option to send fast money at low cost.
” The result is that you lose time and money, which is why Moneytrans aims to be the only destination for all our customers 'financial needs," he says.
With this goal in mind, Carbajo points that account for the Smile of the financial institution allows its customers to have an account WERE to receive their salary and make local payments through a debit account with a Mastercard, but with the option to send money home instantly, “all from the same platform and at a fraction of the cost.”
And is that with the launch of its Smile account in Spain, Moneytrans wants to” help those superheroes who take care of their families in the distance " by providing an all-in-one platform with which to operate easily and quickly.
From the same app, users of the Moneytrans Smile account can pay international bills with the same account they use to operate in their host country, or even top up prepaid mobiles abroad.
Comments on Smile proximity account empowers expatriate community
” The account is made for people who, like me, take care of their families who live far away and need our support by sending money through a safe method, " explains Viviana, a Colombian user based in Spain.
With 20 years of experience under its belt, Moneytrans operates from 9 European countries including Spain, France, or Germany to more than 140 countries, where it works for more than ten million customers transacting in eighty different currency types.
Fintech, based in Brussels, is a regulated and authorized entity by the National Bank of Belgium, and has as its business engine a focus on communities of foreign residents to whom it provides “a simple and accessible account for all.”
In its intention to ensure that anyone has financial security regardless of their origin, Moneytrans is not only limited to facilitating transactions to and from any country.
It also offers a support platform that opens doors to social programs that help expatriate migrants in their search for work in their host country, or even in the creation of a company in that same destination.
Business comments on Smile proximity account empowers expatriate community
” If you want to get a nationality, work in Spain, even start a business, you can count on Moneytrans to help you make your dreams come true, " says the company.
The collaboration of the company with lawyers specialized in the field of the rights of foreigners, for example, is one of the services offered to its users, who guarantee that “joining the Smile community will allow them to be advised by a team of professionals committed to high availability and a determined spirit of struggle.”
In the case of Spain, in fact, the company already has more than three million users, with Morocco, Romania and Colombia as some of the most represented countries.
Carbajo, who in addition to being the director in Spain is the head of marketing of the company, says that Spain is a key country in the expansion of Moneytrans.
” The daily obstacles and complications faced by migrants also find a scenario in banks in Spain, if we add that the closure of bank offices places more than 1.3 million people in a vulnerable situation in access to cash, the Smile account responds to a real problem", Carbajo says.
The director of Moneytrans is also convinced that her product offers a differential element compared to other international payment fintech that are not specifically designed for people living in new countries.
# Smile proximity account empowers expatriate community #
