How to build a money transfer app and send money abroad under your own brand
By SendPay Business · · Updated · 2 min read
- 1Pick who to pay and type the amount
- 2Tap send and it is on its way
- 3It lands in their account
Money transfer is the template people ask for most. A community that sends money home, a business paying suppliers abroad, a founder who wants their own version of the transfer apps they already use. Here is how a transfer app works, what your users see, and what you need to run one.
What your users see
They type an amount in pounds and see, before they send, exactly what arrives in euros, dollars or another currency, the rate, and your fee. They add a recipient once and pay them in one tap next time. They get a receipt, and so does the person receiving it.
What you see
Every user, every transfer and what each one earned you, in your own console. You set the fee: a percentage, a fixed amount, or nothing. You choose the corridors you serve.
Try it
Name your platform and watch it come to life
Type a name, tap a colour and pick what it does. The phone changes as you go.
Colour
What it does
Design and preview your whole platform free, then launch when you are ready.
Registration you will usually need
Running a money transfer service for customers in the UK usually means registering with HMRC as a money service business and having anti-money-laundering controls in place. Identity verification is built into signup on every platform, but the registration is yours. We tell you this in writing before you launch and introduce you to specialists who handle it.
Launching
Design and preview your whole platform free, then launch when you are ready.
0 of 5 done
Tick each step as you do it, so you can see what is left.
How it works
Your own money app- 1Name it and pick your colours
- 2Choose what it does
- 3Launch when you are ready
Why sign up
Create your free SendPay account
It's all about creating your own financial platform with ease. Start with a free account today.
- 🪪A free business accountOpen it in about a minute with your business name, email, password and mobile. No card and no documents to start.
- 💳Get paid from day oneTake card payments, and share your own payment link and invoices so customers pay in a click.
- 🌐A free business websiteFree to build, free to publish and free to keep, with unlimited visits.
- 🚀Your own financial platformDesign and preview your whole platform free, then launch when you are ready.
SendPay Business is a technology company, not a bank. Accounts, cards and payments are powered by licensed partners.
Questions people ask
What could a money transfer business earn?
Work out monthly profit from transfer fees and an exchange rate margin, after your costs.
Money transfer business calculator →What could my platform earn?
Work out monthly income from your customers and fees.
Platform earnings calculator →Which countries can my users send to?
Payouts reach 135+ countries through our partners, and you choose which corridors your platform offers.
Can I set different fees per corridor?
Yes. Fees are yours to set in your console.
Do I need HMRC registration before I build?
No. Build and preview first. Registration is needed before you take customer money, and we tell you exactly what applies before you launch.
How do my users get their money out?
They send to a bank account in the destination country, or to another user of your platform. Receipts go to both sides.
How can SendPay Business help me launch a transfer app?
Start with the Send money abroad template, set your corridors and your fee, and preview it. We tell you about the HMRC registration in writing before you launch and introduce a specialist who handles it.
Build my platform →Read next
Spotted a mistake or something out of date? and we'll fix it. How our guides are made
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.