Case Study: a mid-scale financial services provider cuts remittance costs and transfer times with NetSet Software's blockchain-based remittance network

a mid-scale financial services provider cuts remittance times from 3 days to under 10 minutes with NetSet Software

A mid-scale financial services provider was facing significant challenges with its traditional international remittance service, including high fees, slow transfer times, and a lack of transparency for its users. To modernize its infrastructure and better serve migrant workers, the provider collaborated with NetSet Software to seek a blockchain-based finance solution.

NetSet Software implemented a blockchain-based remittance network utilizing stablecoins. This solution drastically reduced transfer times from days to minutes and lowered transaction fees. The customer impact included a construction worker in Vietnam now being able to send money to his family in under five minutes with full transparency. Measurable results for the financial services provider included transfer speeds increasing by 90% and transaction fees staying below 1%.