A wallet feature has been added to the TapTap app for sending money to expatriates. Money can be deposited in advance in the wallet when needed to send money. Again, the money can be converted at a good exchange rate before being sent to another country.
As a result, if there is no immediate need, it is possible to deposit money at a very good exchange rate. In case of urgent need, money can be exchanged immediately. But in case of regular money transfers, money senders send money within a certain period of time in the future. So the wallet facility will work for sending money later. There will be an opportunity to determine the best exchange rate.
On the other hand, the amount can be set aside for sending large amounts of money. The app makers say that the wallet gives you control over financial transactions and makes transactions cost-effective. With the facility of setting the time of sending money along with the exchange rate, it will be easier to plan and budget financially. The method of using the TapTapSend wallet is simple. First, you have to deposit money or funds into the wallet.
Once funds are deposited in the wallet, the customer can send money as per their convenience. The feature is active in certain countries and currencies.
It is learned that expatriates from the UK, US, Canada, UAE, Australia and some European countries will be able to use the wallet facility on the app's home screen. The feature will be launched in a few more countries soon.
