What is Nec Money Transfer Limited?
Send money online through Nec Money Transfer via web, apps, bank transfer. Guaranteed rates and low fees.
Problem
Users sending money from the UK to Bangladesh face high fees and lack of guaranteed exchange rates with traditional banks or remittance services, leading to financial inefficiency and uncertainty.
Solution
A digital money transfer platform (web/app) enabling users to send money from the UK to Bangladesh with guaranteed rates and low fees, accessible via bank transfers or online apps.
Customers
Bangladeshi migrants or expatriates in the UK seeking affordable, reliable remittance options to support families or manage finances abroad.
Unique Features
Focus on UK-to-Bangladesh corridor with competitive fees, guaranteed exchange rates, and multi-channel accessibility (web, apps, bank transfers).
User Comments
No direct user comments available from provided data; traction and user feedback on Product Hunt are unspecified.
Traction
Launched on Product Hunt on June 4, 2024. No disclosed revenue, user count, or funding details.
Market Size
The UK-Bangladesh remittance market is valued at $1.7 billion annually, driven by a large Bangladeshi diaspora.
