Ogvio to Cut Costs for Migrant Workers Sending Money Home

For instance, a nurse in Germany sending $1,000 to her mother in Nigeria may see $70-$110 disappear in transfer and conversion fees. For families depending on this money to pay rent, buy food, or cover tuition, every lost dollar hurts. And if you consider the inflation rates in some countries, an even bigger portion of that money is lost.

Money transfers between Ogvio accounts will be completely free, while instant top-up via onramps will have no hidden costs.

However, there will be way more to Ogvio than low fees – the list of expected features and functionalities includes:

• Hold money in USD or EUR. You will store your cash in USD or EUR. Being two of the most stable fiat currencies in the world, they will protect your savings from local inflation. When you need it, you’ll be able to convert them to your desired currency.
• Send money instantly. No more "3-5 business days" or set business hours for transfers to clear because funds will arrive in seconds (in most cases). No payment freezing, no delays.
• Pay with Ogvio @Tags. Use your chosen username instead of long account numbers, IBANs, and routing codes. This will make sending money home as easy as sending a text.

• Money requests. If your family member needs a specific amount of money for a particular reason, they will simply be able to send you a request via a payment link, so you can speed up the transfer process even more.
• Track every step. Due to the transparent approach of Ogvio, you’ll be able to see your entire transfer flow, start to finish.

That said, Ogvio is committed to building a money transfer service that is fast, easy to use, and low-cost. Using it, migrant workers around the world will be able to easily make sure their money goes where it should.