With over $ 16 billion in remittances each year, Australia ranks 11th among the largest remittance countries in the world.
A new arrival in the remittance industry is enthusiastic as COVID-19 pandemic precautions continue to accelerate the demand for contactless financial transactions as expensive and clunky solutions run out of Australian nerves and finances. It is the breath of fresh air expected in.
Since the pandemic began, there have been approximately 30,000 coronavirus infections and more than 900 deaths nationwide.
TelcoinCryptocurrency companies headquartered in Singapore and the United States have sought to enter the Australian money transfer market since 2019, when the company was registered with AUSTRAC as a money transfer service provider.
“This is the first step in enabling Australian users to send fast and affordable money transfers after SEA,” Telcoin said at the time.
Starting in the next few weeks, Telcoin It has stated that it will officially launch a money transfer service to Australia via iOS and Android mobile applications.
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Telcoin plans to start money transfer in Australia
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