International Remittance
Manage international payments with real-time exchange rates
Make international (or domestic) business payments with automated recording and reconciliation.
Enhance your management of international and local business billing
Real-time exchange rates
No need to worry about fluctuating rates. Monitor live exchange rates for more accurate payments and avoid overbudget risks.
Flexible access
Pay invoices in various currencies worldwide with just a few clicks. Save time and streamline your operations.
Fast transfer
Transfer funds abroad quickly and securely. Ensure timely business payments without disruptions.
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A practical solution for managing international transactions
Simplify international payment management
- Monitor transactions in real time
View the status of international money transfers anytime, anywhere. Gain full transparency with real-time reports directly from the app. - Stay informed
Ensure you know cut-off times, the latest international exchange rates, and conversion values to IDR before sending funds. Avoid errors with consistently updated and accurate information. - Connect globally
Access international fund transfers to 40+ countries and 15+ currencies, including Singapore Dollar (SGD), US Dollar (USD), Euro (EUR), and more.
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Comprehensive monitoring solution for your business expenses
Optimize recording and approvals
- Flexible and efficient approval processes
Customize payment approval workflows to align with company policies. Approve or reject multiple requests simultaneously. - Effective vendor management
Create and manage a database of domestic and international vendors for easier procurement processes. - Integrated with Mekari Jurnal
Synchronized automatically with Mekari Jurnal account mappings without manual input.
Frequently Asked Questions (FAQ)
What is the 'International Remittance' feature?
The ‘International Remittance’ feature allows you to send money abroad and manage invoice payments for international vendors or suppliers.
It offers multiple foreign currencies with real-time exchange rates directly from expense management software integrated with accounting software.
What is foreign or international remittance?
Foreign or international remittance refers to the transfer of money from one country to another, typically sent by individuals or businesses for purposes such as supporting family members, paying for goods and services, or making business transactions.
Why should I use the 'International Remittance' feature?
This feature simplifies international payment management with fast, transparent, and practical processes.
Access accurate real-time exchange rates to avoid overbudget risks.
Transfer funds quickly, monitor statuses in real-time, and receive comprehensive reports to ensure smooth operations. Supporting transfers to 40+ countries in various currencies, this feature is the perfect choice for your international business needs.
How can I get the ‘International Remittance’ feature in Mekari Expense?
The ‘International Remittance’ feature is available in the Enterprise package upon registration. If you need assistance or encounter any issues, our support team is ready to help you anytime.
What currencies can be transferred abroad using the 'International Remittance' feature?
Make international payments to 40+ countries and 15+ currencies, including Singapore Dollar (SGD), US Dollar (USD), Euro (EUR), and more.
How long does international remittance take?
Fund transfers are processed instantly (real-time). The cut-off time for each transaction depends on the currency being sent, ensuring efficient fund delivery.
How does international remittance work?
International remittance works through a series of steps to transfer money across countries:
- Initiation
The sender selects a remittance service provider, such as a bank, money transfer operator, or fintech platform, and provides the recipient’s details and the amount to send. - Exchange Rates
The provider converts the sender’s currency into the recipient’s local currency, often applying exchange rates and fees. - Processing
The funds are processed through international payment networks (e.g., SWIFT or local clearing systems), ensuring compliance with regulations like anti-money laundering (AML). - Transfer to Recipient
The money is delivered to the recipient through a bank account, mobile wallet, or cash pickup point, depending on the service used. - Notification
Both sender and recipient are typically notified once the transaction is completed.
What is an example of using international remittance in business?
An example of international remittance in a business context is a company using online remittance services to manage global operations:
- Pay payroll remittance online: A multinational corporation transfers salaries to employees in different countries using online remittance platforms, ensuring timely & accurate payroll disbursement in local currencies.
- Pay bills with remittance: Businesses settle cross-border invoices, such as vendor payments or utility bills in another country, through international remittance services, streamlining the payment process while minimizing currency conversion hassles.
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