HiWiPay

About HiWiPay

HiWiPay is a cross-border remittance platform that utilizes RBI-authorized partners and SWIFT APIs to facilitate secure, paperless money transfers for students studying abroad. By streamlining the KYC process and eliminating repetitive documentation, HiWiPay enables users to send funds within 24 to 48 hours with zero transaction fees, significantly reducing the cost and complexity of international payments.

```xml <problem> Students studying abroad face challenges with high transaction fees, tedious paperwork, and slow transfer times when sending or receiving money for tuition and living expenses. Traditional remittance processes often involve repetitive KYC procedures and physical documentation, adding complexity and delays. </problem> <solution> HiWiPay is a cross-border remittance platform that streamlines international money transfers for students through partnerships with RBI-authorized entities and SWIFT API integration. The platform simplifies the KYC process, requiring users to complete it only once, and digitizes the A2 form submission. HiWiPay facilitates secure, paperless transactions, enabling students to send and receive funds typically within 24 to 48 hours. By eliminating transaction fees and automating documentation, HiWiPay reduces the costs and complexities associated with international payments, providing a more efficient and transparent remittance experience. </solution> <features> - Digital KYC process, eliminating repetitive documentation for each transaction - Online A2 form submission, removing the need for physical paperwork - Integration with RBI-authorized partners and SWIFT APIs for secure transfers - Real-time currency conversion rates with transparent fee structures - Mobile application for initiating and tracking transfers from anywhere - Education loan options through partnered financial institutions - Funds transfer within 24-48 hours - Integration with multiple loan providers, offering a range of education loan products </features> <target_audience> The primary target audience includes students studying abroad and their parents who need a secure, cost-effective, and efficient way to send and receive money for education and living expenses. </target_audience> ```

What does HiWiPay do?

HiWiPay is a cross-border remittance platform that utilizes RBI-authorized partners and SWIFT APIs to facilitate secure, paperless money transfers for students studying abroad. By streamlining the KYC process and eliminating repetitive documentation, HiWiPay enables users to send funds within 24 to 48 hours with zero transaction fees, significantly reducing the cost and complexity of international payments.

Where is HiWiPay located?

HiWiPay is based in Mumbai, India.

When was HiWiPay founded?

HiWiPay was founded in 2022.

How much funding has HiWiPay raised?

HiWiPay has raised 870000.

Location
Mumbai, India
Founded
2022
Funding
870000
Employees
21 employees
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HiWiPay

Score: 95/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

HiWiPay is a cross-border remittance platform that utilizes RBI-authorized partners and SWIFT APIs to facilitate secure, paperless money transfers for students studying abroad. By streamlining the KYC process and eliminating repetitive documentation, HiWiPay enables users to send funds within 24 to 48 hours with zero transaction fees, significantly reducing the cost and complexity of international payments.

hiwipay.com3K+
Founded 2022 – Mumbai, India

Funding

$

Estimated Funding

$870K+

Team (20+)

No team information available. Click "Fetch founders" to run a focused founder search.

Company Description

Problem

Students studying abroad face challenges with high transaction fees, tedious paperwork, and slow transfer times when sending or receiving money for tuition and living expenses. Traditional remittance processes often involve repetitive KYC procedures and physical documentation, adding complexity and delays.

Solution

HiWiPay is a cross-border remittance platform that streamlines international money transfers for students through partnerships with RBI-authorized entities and SWIFT API integration. The platform simplifies the KYC process, requiring users to complete it only once, and digitizes the A2 form submission. HiWiPay facilitates secure, paperless transactions, enabling students to send and receive funds typically within 24 to 48 hours. By eliminating transaction fees and automating documentation, HiWiPay reduces the costs and complexities associated with international payments, providing a more efficient and transparent remittance experience.

Features

Digital KYC process, eliminating repetitive documentation for each transaction

Online A2 form submission, removing the need for physical paperwork

Integration with RBI-authorized partners and SWIFT APIs for secure transfers

Real-time currency conversion rates with transparent fee structures

Mobile application for initiating and tracking transfers from anywhere

Education loan options through partnered financial institutions

Funds transfer within 24-48 hours

Integration with multiple loan providers, offering a range of education loan products

Target Audience

The primary target audience includes students studying abroad and their parents who need a secure, cost-effective, and efficient way to send and receive money for education and living expenses.