How to grow your payments app with bureaux de change
By SendPay Business · · 2 min read
Bureaux de change swap cash between currencies for holidaymakers, students and communities with family abroad, and earn on the difference between the rates they buy and sell at. As fewer people carry cash, many are looking for digital services to offer the same customers. A payments app that lets them do that can win bureaux, and every customer who walks up to their counter.
Talk to bureaux de change
Ask local bureaux de change:
- Which currencies do your customers buy and sell most?
- Do customers ask to send money abroad, not just take cash?
- How has demand for cash changed in recent years?
- Which registration do you already hold for currency exchange?
Offer currency accounts alongside cash
Customers who swap cash every trip, or every month for family abroad, can hold the currencies they use in your app and convert when the rate suits them.
Add transfers abroad
Many bureau customers are already sending money to family in another country. Letting the bureau offer transfers through your app keeps that business at its counter.
Grow through travel and community trades
Bureaux work alongside travel agents, money transfer shops and community groups. When those businesses use your app too, each bureau can bring more of them onto it.
Build it
Create your own financial platform.
Pick a template, name it, brand it, preview every page before you pay. Your brand, your users, your fees.
Build my platform →Questions people ask
What about travel agents?
The travel agents guide covers taking deposits for trips and collecting balances before travel.
Travel agents →How does an FX business earn?
The currency exchange business guide covers margins on conversions and fees on transfers.
Start a currency exchange business →Can I call it a bank?
In most countries "bank" is a protected word you can only use with a banking licence. Call it an account, a wallet, an app or a platform. The accounts and payments behind a SendPay Business platform are powered by licensed partners.
Is there a step-by-step plan I can follow?
Yes. The free launch checklist takes you from picking your people and naming your app to setting fees, going live and winning your first ten customers.
Digital bank app launch checklist →How do I start?
Pick a template, name it and preview every page before you pay. Your platform can be live on your own domain within 24 hours of confirmation.
Build my platform →Read next
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. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.