Remittance-as-a-Service (RaaS) API Program

3 mins
February 1, 2024
Learn about Machnet’s Remittance-as-a-Service (RaaS) API Program

If you are a startup, fintech or a Money Transfer Operator who is looking to launch their international money transfer and remittance service in the US, you willl come across four major challenges:

  • Getting MTL licenses
  • Getting banking services
  • Heavy upfront/monthly investment
  • Time required to build the full ecosystem

Machnet’s Remittance-as-a-Service (RaaS) API Program enables companies to integrate cross-border payment capabilities into their products and services, providing a more seamless and efficient experience for their end customers.

There are three different ways in which companies can start remittance business; build from scratch, be an agent or build with RaaS. But partnering with RaaS is by far the fastest and most cost effective approach.

What does the RaaS API include?

Machnet’s RaaS API offer a range of services. Read on to find out what they are:

Payment gateway

Allows your remittance applications to securely process payments from customers. This API program also provides fraud detection and payment verification services. 

Money transfer 

Enables the transfer of money between two parties. It can be used to send and receive international payments, as well as domestic payments. 

Currency conversion

Allows you to convert between multiple currencies, providing accurate and up-to-date currency exchange rates. 

Compliance and regulatory

Helps you comply with all applicable laws and regulations, as well as meet industry standards and best practices. 

User management

Allows you to manage and secure user accounts, as well as track user activity and usage patterns. 

Reporting and analytics

Provides powerful reporting and analytics capabilities, allowing you to gain insights and make data-driven decisions. 


Allows you to send notifications to customers, keeping them informed of the status of their KYC, payment, transaction and other updates.

One of the key benefits of RaaS is its ability to simplify cross-border payments, which can be time-consuming and expensive. As businesses and individuals become more interconnected across borders, RaaS is expected to play an increasingly important role in facilitating cross-border payments and driving economic growth.

Why you should build remittance with RaaS API?

Machnet’s Raas API offer three major value propositions:


RaaS API Program enables you to start offering international money transfer and remittance services in a few weeks. This helps you avoid waiting for two to three years to acquire MTL licenses and also go through a very cumbersome process of getting the banking services.


With the program, companies can save 95% in fixed and monthly costs. For a small set-up and monthly subscription fee you will be able to launch and scale your cross border money transfer service


The RaaS provider does all the heavy lifting of regulatory requirements, compliance and bank relationships so companies can focus on scaling faster.

Get started

Our API documentation is open and accessible to all, give it a read. If you are interested to starting your own remittance service from the service through the RaaS API Program, contact us to speak with an expert. 

Also read about our about clients have used our program to build their money transfer services from US to Nepal, Mongolia, Sierra Leonne. 

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