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Founded in 2012, Ripple is an American fintech company, invested by Google, which developed an advanced system for international money transfers, with a goal in mind to compete with SWIFT, which is the current system used by banks and financial networks globally.
Ripple’s development is based on the next generation of the BlockChain technology, that allows money transfers globally, from and to banks and financial entities., to be immediate, secured, documented and efficient. How? By transferring money directly with no need for correspondents.
After a long and precise process GMT was chosen to be Ripple’s representative in Israel, by so joining Ripple, and its partners, in creating a global financial system, with high-end technology and values such as; transparency and affordable costs.
GMT is joining companies like MoneyGram, AmericanExpress, CIBC, Earthport, AKBANK and many more, who are already authorized to use Ripple’s platform.
This partnership is establishing GMT’s place in the forefront of the Israeli Fintech industry, also allowing us to work side by side with some of the leading companies in the world.
WelSend was founded in 2013 as a brand of Ukrgasbank and had developed an advanced money transfer system for transferring funds in cash or directly depositing them to a recipient’s bank account.
The company has about 1000 service stations in Ukraine alone, and over 23,000 outside of it – in the UK, Albania, Belgium, Bulgaria, Armenia, Romania, Italy, Uzbekistan, and other countries.
Intel Express is an international remittance company that works in cooperation with the national banks of Georgia, Greece, UK, Italy, Ukraine, and Armenia.
This cooperative effort with Intel Express was born out of a mutual interest of providing quick and efficient cash transfer services at fair prices between Israel and Georgia. Since then, the company grew and provides remittance services to and from other countries as well. The company provides money transfer services to over 90 countries worldwide, at over 57,000 service points.
The vast expanse of Intel Express’ partnerships allows their clients to receive and send funds at affordable prices, easily, and from many accessible locations.
Over 40 years ago, 239 banks from 15 countries gathered to solve a problem- how can they communicate with each other in a financial manner.
The solution was a Worldwide Interbank Financial Telecommunication, or simply- S.W.I.F.T.
The collaboration between GMT and S.W.I.F.T was formed in order to provide you, GMT’s clients, with the ability to make a bank deposit to any destination easy, fast and keep the price affordable.
GMT’s in-house system is directly linked to S.W.I.F.T, making sure delays & interruptions are out of the way.
SWIFT transfers are executed by the banking system and reach the destination account around the world within 3 to 5 business days.