RemitSnap

The Problem

2M+ foreign workers in Malaysia send RM 35B/year home, paying 4-8% in remittance fees. Most use physical money exchange shops with long queues.

The Solution

Mobile-first remittance app for foreign workers: instant transfers at 1% fee, multi-language UI (Bahasa/English/Nepali/Bengali), and cash-out at local agents.

Target Market

2M+ foreign workers in Malaysia

Revenue Model

1% transfer fee (vs 4-8% market rate), RM5 flat fee for

4-Week Validation Plan

• Week1: Interview 25 foreign workers at construction sites and factories about remittance habits.
• Week2: Build prototype transfer flow UI in 4 languages, test UX with target users.
• Week3: Partner with 1 money exchange operator, run supervised test transfers.
• Week4: Measure user trust, transfer volume, regulatory pathway with BNM.