SettlementInfrastructurefor the $700BRemittance Market.
A compliance-ready, API-first wallet platform enabling banks and financial institutions to offer cross-border remittance at 0.5% flat fee — vs. the industry average of 6.4%.
The remittance market is broken
for everyone.
$700B moves across borders annually. The families sending it pay an average of 6.4% in fees. Banks avoid this segment due to compliance overhead and thin margins. My Family Pay solves both.
World Bank Q4 2024 — families sending $200 lose $12.80 per transfer on average
Growing 4.2% YoY — outpacing foreign direct investment to developing nations
AML/KYC compliance overhead and narrow margins make it unviable without purpose-built infrastructure
From onboarding to settlement
in under 3 seconds.
Onboard & Verify
Users register via mobile app. KYC Level 1 (name, DOB, government ID) and Level 2 (address, selfie, enhanced AML) complete in minutes — not days. Our compliance engine screens against global sanctions lists automatically.
Load & Hold
Fund the wallet via bank transfer or crypto deposit. Balances held in a multi-currency ledger (USD, EUR, GBP, AED, USDT, USDC). All holdings backed 1:1 — no fractional reserve. Multi-sig custody via hardware-isolated vaults.
Send & Settle
Initiate a cross-border transfer in 3 taps. Our ledger engine settles in 2.1 seconds at a flat 0.5% fee. Full TXID and audit trail generated for every transaction. Recipients withdraw to local bank or crypto wallet.
A production-ready mobile app.
Not a mockup.
Available on iOS and Android. Built with React Native for full cross-platform parity. Scroll to see the complete end-to-end user journey banks can offer their customers.
Sign In
Users sign up or log in with Google OAuth or email. Secure JWT-based mobile sessions — no passwords stored in plain text, full session revocation support.
Identity Verification
KYC runs in-app — government ID scan, liveness check, and automated AML screening. Users reach ENHANCED verification status without visiting a branch.
Multi-Currency Wallets
Users hold USD, EUR, USDT, USDC and more in separate wallets. One tap to open a new currency wallet — balances are always live off the double-entry ledger.
Wallet Detail
Live balance with a scrollable transaction history. Deposit or send funds directly from the wallet screen — no extra navigation required.
Flexible Deposits
Three deposit channels in one screen: card (Stripe), bank wire or SEPA, and on-chain crypto. All methods settle to the same multi-currency ledger.
Card Deposit
Deposit in USD, EUR, GBP or AED via credit or debit card. Funds appear within minutes — processed securely through Stripe with full PCI compliance.
Crypto Deposit
Receive USDT or USDC on Ethereum or TRON. HD-wallet address derivation gives each user a unique on-chain address with a QR code ready to share.
Send Money
Internal transfers, bank withdrawals, crypto withdrawals, or payout via a saved beneficiary — all from one screen. Flat 0.5% fee, no hidden corridor charges.
Internal Transfer
Transfer between MyFamilyPay users instantly by email. The double-entry ledger settles in under a second — no blockchain confirmation wait.
Link Bank Account
Link any bank account by IBAN or account number. Supports USD, EUR, GBP, AED and IRR corridors — verified via micro-deposit.
Crypto Withdrawal
Withdraw USDT or USDC to any external Ethereum or TRON address. Network selection, address validation, and on-chain settlement handled end-to-end.
Transaction History
Full transaction history with type, status, amount, and timestamp. Complete audit trail available to compliance officers — exportable for regulatory filings.
Bank-grade compliance
from day one.
Designed for regulatory review. Every component of the compliance stack is auditable, configurable, and exportable — built for institutions that cannot afford compliance gaps.
Every transaction screened against OFAC, EU, and UN sanctions lists via configurable rule engine. Automated holds on suspicious activity with compliance officer notification.
Government ID + liveness check for Level 1. Enhanced due diligence with address verification and source-of-funds documentation for Level 2. Documents stored encrypted in S3.
Crypto holdings managed via multi-sig vaults with hardware isolation. No single key controls funds. Full chain-of-custody audit log available to auditors on request.
Velocity limits, single-transaction thresholds, country blocks, and destination-country rules. All configurable by your compliance team — no engineering involvement required.
Our compliance documentation package includes architecture diagrams, data flow maps, encryption specifications, and audit trail samples — available under NDA upon request.
Request compliance packageIntegrate in days,
not months.
REST API with webhook support, idempotent requests, and comprehensive SDKs. Banks can white-label the entire stack or integrate specific capabilities into existing mobile banking apps.
// Initiate a cross-border transfer
const response = await fetch(
'https://api.myfamilypay.com/v1/transfers',
{
method: 'POST',
headers: {
'Authorization': `Bearer ${apiKey}`,
'Idempotency-Key': crypto.randomUUID(),
'Content-Type': 'application/json',
},
body: JSON.stringify({
fromCurrency: 'USD',
toCurrency: 'EUR',
amount: '500.00',
beneficiaryId: 'ben_abc123',
memo: 'Family support — June 2025',
}),
}
);
// Response (settled in 2.1s)
{
"id": "txn_xyz789",
"status": "COMPLETED",
"fee": "2.50", // 0.5% flat
"settled_at": "2025-06-26T14:32:01Z",
"txHash": "0x4f3a..."
}Simple economics.
Massive market.
0.5% per transaction. No setup fees, no monthly subscriptions, no hidden charges. At scale, every basis point advantage vs. incumbents compounds significantly.
Plus correspondent bank fees per hop
Variable rate — corridor and currency dependent
No corridor variation — same fee globally
From code-complete
to live in three phases.
The platform is fully built today. What is left is deployment, compliance certification, and go-to-market — not engineering.
- Web portal — user + admin dashboard
- Mobile app — iOS & Android, full parity
- KYC Level 1 & 2 with automated AML screening
- Double-entry ledger engine
- Crypto deposits — Ethereum & TRON (USDT, USDC)
- Bank payout pipeline — SEPA & SWIFT
- 3 production Lambda workers
- Full E2E test suite with demo recordings
- Seed funding closed
- Partner Bank integration live
- Invite-only beta — US→AED, UK→EUR
- MSB compliance certification
- App Store & Google Play submission
- IRR corridor live
- USDT/USDC on-chain payout live
- Additional corridors & banking partners
- B2B white-label remittance API
- Loyalty & referral program
- Multi-currency savings / interest wallets
- Institutional API-as-a-service tier
Questions from compliance teams
and investors
Built for institutional
scale from day one.
We're actively onboarding bank partners and institutional investors for our Q3 2025 pilot programme. Our team responds within 24 hours.