How to start a money app for your diaspora community
By SendPay Business · · 2 min read
Diaspora communities move a lot of money: supporting family, paying for events, saving together and running small businesses. Many rely on big banks that don't know them, or informal networks. Someone trusted inside the community can offer a money app that speaks their language and fits how they already handle money.
What members often want
- An account they can open quickly on their phone.
- Cheap, fast ways to pay each other and local businesses.
- Clear fees when money is exchanged between currencies.
- Support from people who understand their community.
Why trust spreads fast
Communities share recommendations through places of worship, WhatsApp groups, associations and local shops. If early members have a good experience, word of mouth can do much of your marketing for you.
Check the rules first
Moving money is regulated. Sending money to another country, or paying out in a currency your provider doesn't support, may need a separate licensed money transfer partner. Check exactly which countries and currencies your set-up covers before you promise anything to members.
Where SendPay fits
SendPay platforms give your members GBP, EUR and USD accounts, transfers and branded Visa cards under your own brand, powered by licensed partners. SendPay isn't a bank, doesn't offer lending and doesn't pay out in other currencies.
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
How do I plan a savings circle?
Work out the pot, the date of every turn and what your turn means.
Savings circle calculator →What is a remittance?
Money sent by someone working abroad to family or friends back home.
Remittances →What is a multi-currency account?
An account that holds several currencies in one place.
Multi-currency accounts →What is a white-label fintech platform?
Ready-made finance software you run under your own brand.
White-label fintech →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.