South Africans pay way too much when sending money abroad. Banks take 2-3 percent per foreign transfer, earning about R15 billion yearly from these fees. Nobody challenged them until companies like Future Forex stepped in. This fintech business changed international transfers with much lower costs, clear pricing, and top-notch service.
Digital technology has made many tasks easier, but cross-border payments still cost a lot. The rand goes up and down, making things harder for people who need to move money worldwide. Harry Scherzer, Future Forex CEO, says bank fees have stayed high because nobody questions them. His company aims to fix that problem. They work hard to show customers how bank fees really work, since many hidden costs exist that people never notice.
Banks make money through unclear pricing. They tell you about small charges but hide the real cost in the spread—the gap between buying and selling rates. Future Forex cuts these costs in half for regular people and saves businesses 30 percent. Every client works with their account manager, who helps them through all the steps. The company handles all government rules without extra fees.
Digital technology has made many tasks easier, but cross-border payments still cost a lot. The rand goes up and down, making things harder for people who need to move money worldwide. Harry Scherzer, Future Forex CEO, says bank fees have stayed high because nobody questions them. His company aims to fix that problem. They work hard to show customers how bank fees really work, since many hidden costs exist that people never notice.
Banks make money through unclear pricing. They tell you about small charges but hide the real cost in the spread—the gap between buying and selling rates. Future Forex cuts these costs in half for regular people and saves businesses 30 percent. Every client works with their account manager, who helps them through all the steps. The company handles all government rules without extra fees.
