Nilfee provides a global payments platform that enables users to send and receive money internationally using bank transfers, TagID payments, and coupons. Their AI-powered engine facilitates instant and secure transactions with competitive exchange rates, regardless of location or currency. Nilfee streamlines international money transfers and merchant payments through its platform.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional methods for international money transfers and merchant payments often involve high fees, unfavorable exchange rates, and delayed processing times. This can create barriers for individuals sending remittances and businesses engaging in cross-border transactions.
Solution
Nilfee provides a global payments platform designed to facilitate instant and secure international money transfers and merchant payments with competitive exchange rates. The platform leverages a borderless payments infrastructure (BPI), peer-to-peer concepts, asset netting, and AI technology to streamline transactions. Users can send and receive money using methods such as direct bank transfers, TagID payments, scan & pay via QR codes, and coupons. Nilfee also supports instant settlements to user's bank accounts with minimal bank charges and offers an open API for integration with other services.
Target Audience
The primary target audience includes individuals who need to send money to friends and family internationally, as well as merchants who require a seamless solution for receiving cross-border payments.
Features
- Send and receive money globally via TagID, direct bank transfer, or coupons
- Scan & Pay option for paying global merchants using Nilfee QR codes
- Ability to raise payment requests to other users via TagID
- Option to buy USDC (USD Coin) instantly from the Nilfee wallet in the USA and India
- Instant settlements to user's bank account with minimal bank charges
- Open API to access the Borderless Payments Infrastructure (BPI) for cart checkouts, QR payments, P2P payment collections, coupon payments, POS payments, payouts, and settlements
- Real-time payment tracking and notifications
- AI-powered engine for instant and secure transactions with competitive exchange rates
- Integration with Circle for USDC transactions
- 2FA for secure withdrawals