No-Fee-With Winngie

4 Reasons You Should Stop Using Old Style Financial Services to Send Money Abroad

by Winngie

2 May 2020

Exchange Currency

Financial Service

fintech

International Money Transfer

Mobile app

Peer to Peer

0 comments

Why you should stop sending money abroad via bank, old-school finance services or remittance companies? Here are the 4 main reason.

 

No-Fee-With Winngie

1-High commission fees.

Sending money overseas with a bank or western union will cost you min 10$ to average 50$ for each time. Insane! Why you need to share your salary with those chunky bankers? Save it with your belovers in homeland. There should be some solution for this old style monopoly system.

 

 

2-Slow process and no guarantee.

Remittance companies said they are cheaper yes like 5$, but plus currency change rate which is unfair so you will lose like 5$ more from rates and they are slow like turtle. It will take weeks to perform transaction or you can receive an undelivered message after weeks of waiting. Do you or your family have weeks to receive money from you? What if they are sick or need to pay for school fee. Money transfer should be ontime and certain.

 

 

3-Unfair exchange rates during money transfer.

Your money will melt like an icecream in your hand. Yes, rate issue. You want to send money to your home back but your bank or western union or remittance companies like tranferwise or worldremit is charging you super unfair amounts with the local money exchange rates.  So you can lose up to 16% beside the transfer fee. But why, is changing money to local currency that have that much cost, need any labor, need investment on manufacturing lines? Of course no, so what’s the reason for super high rate differences.

 

4-Bothering documentation to send money.

You need to prove so many documents and permissions to send or receive money from abroad in most of countries. Incase some urgent situation, if you need some extra money from your family, banks and government’s won’t allow you to do that and will ask for dozens of pages’ documents. For what? Just to receive money from your dad?  We, honest people, shouldn’t have to suffer because of a few illegal guys.

 

There should be some new way fintech tools to solve all those problems.

Winngie is one of the solutions already in the market. Its called smart and easy way to send money abroad and exchange local currency.
Logic is simple but also clever. Match with people in cross countries who wants to send or receive money. Chat, deal with their receivers. Perform the transactions’ in local. Money never actually crosses any borders.

Instead of international money transfer and currency exchange companies commonly using, Winngie takes a unique approach towards abroad money transfer and currency exchange with a simple mobile application. Part of the “sharing economy,” Winngie offers you someone’s currency as a media to exchange, instead of an exchange office or transfer via bank. On Winngie, you can find people to exchange currency on your backpacking trip through Europe, or you can find someone to transfer your school fee during your internship in Los Angeles. Also, if you want to exchange leftover currency in your own home from your last trip of Thailand, you can exchange through Winngie and save money by exchanging without giving any commission.

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User Story Sharing: What I Found Saves My Day

by Winngie

2 October 2019

Exchange Currency

Share Stories

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Everything is getting changing quick lately, and we are facing hard time to follow up new trends. I am sure there are many people like me who thinks herself as updated and following all details and news on time and aware of new concepts, we are more open minded and eyes open than previous generation for sure.

Actually I use Airbnb lately a lot, it is so handy and amazing to get a great deal. Uber, as a nice and proper way, gets the taxi anywhere I want, no more taxi line.

Lately I am using this application called as Winngie, and it is so handy. I did know it before but never try to use. Once I was in Tokyo for a business and on the way back to Thailand, I realized I had insane amount of Yen left, and I didn’t know how much currency difference I would lose if I exchanged it back USD and then Thai Baht. Then I just used Winngie at the airport first time ever. Wow! It is an amazing application. I got a Japanese lady who just came from Thailand and she has Thai baht on her and then we matched. We both got amazing rate, we met, and exchanged our money without even waiting on the line. I saved my money, and she was so lovely. We were both happy!

It is like when you line up on the exchange office and you see someone who wants to exchange money that you also want to get money. You know she will exchange money with very bad rate, and you will get that money from exchange office with worse rate too. Both lose and lose! However, you cannot stop her and ask if she can exchange with you directly.

Winngie is that platform. It does for you. I didn’t use before, and I always lost money. For me, it was a common process and it was something expected to lose over currency exchange rate.  Now no more!  I don’t think I will wait for exchanging bad rate.

When first time I used Uber, I felt same as well. No more taxi lining or waiting. It is not something I would like to wait for. Uber saves my time and I feel safer as all information of driver has already been registered and makes me more comfortable as my route has been recorded already. As a woman travelling alone, I feel more relax and safer with Uber. It happened in Airbnb as well, and now I feel same for Winngie as well.

It is so great to get some new application that helps us and work on our essential as a niche market. Work hard on what we need and solve the problems directly. I am so jealous of the mindsets of these platforms, solving the problems with way of changing the things in total.

I really need Airbnb, Uber and Winngie in my life, and I didn’t even know them before. It is like missing Iphone, but we haven’t had smart phone in our young ages. Fantastically, everything is on the move. Last time, it was Winngie, and I am not sure what would be the next one.

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Altering Business Model with C2C

by Winngie

5 August 2019

Alternative Business

Financial Service

0 comments

E-commerce has been evolving rapidly and its speed is a crucial part of it. It has its own speed that far levels up than brick, and mortar business has achieved ever. It creates new challenges and opportunities overall in for all businessperson in the world.

Lately, the most well received way of e-commerce is C2C, according to latest studies. New generation is more likely to use online options for any kind of transaction and business option, even there is no limitation for any product and service type as widen up all business types.

There might be always questions regarding to what C2C e-commerce means and how it works. C2C e-commerce is a branch of trade relations where both sellers and buyers are clients, not entrepreneur only. It provides interaction facilities between parties with its own platform. As trend itself, buying-and-selling product is not easiest deal online. There are many platforms that provide services.

Altering Business Model with C2C

How it works is more simple than many thinks. Sellers and vendors sell their own products on the web and let the customer purchase the service. In terms of security and speedy process, many vendors prefer using online platforms as a media to sell their service or products. E-bay is a good example of purchasing products as C2C business style. Uber is a way to exhibit C2C business based on service providing. Winngie is a received C2C financial tool that provides both sides of clients to take advantage of money exchange and transfer.

 

There are plenty of advantages of e-commerce, as it is the fastest way to handle business and the easiest way to get customers. However, sometimes e-commerce is not considered as the safest place. It is generally associated with fraud and deceit. Buyers and sellers may not be confident in their counterparts. In addition, swindlers may use a famous brand on their sites to mislead users. There is always the danger of identity theft. However, many C2C players sustain from well customer service, sustainable service and safety precautions. For example, Winngie creates sustainable safety procedures on their service and its platform considered as a safe media, even safer than many banking transactions itself in terms of check ability and controllability.

In the market, there are many players coming over and trying to find solutions for niche problems such as Airbnb. It saves time as the great deal of money for people to get into another country and enjoy domestic travelling. Now there are more specialized applications which also provide for business travelers. Uber provides new way of business for people looking for food and delivery which are also the easier with Ubereat now. Besides, Winngie has a great advantage in money exchange overseas and creates an easy way to connect people who would like to transfer money around the world. Winngie saves many time and money for currency exchange and risk has been diminished. For businessmen, they have altered on the favor of customer who are used to paying unnecessary transaction fee during travels. Winngie, as good example as Uber and Airbnb, has its respective industries. Tourism industry and travelling have been completely changing and shifting in a way quicker than these 3 application and platform. Uber, Winngie and Airbnb have a great deal of business alter power on the market.

 

Keyword: C2C, Winngie, money transfer, currency exchange, innovative finance, E-commerce

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