The revolution of POS terminals for money remittance businesses: how we simplify money transfers

The money remittance industry faces a double challenge: growing a network of agents with wider coverage and deeper territorial reach, while also complying with increasingly strict regulations on fund safeguarding and fraud prevention.

This is where PaynoPain, as a specialised payment institution, makes a difference with an ecosystem of physical and virtual POS terminals designed specifically for the needs of money transfer companies.

Physical POS and virtual POS for money remittance and transfer businesses

1. Plug-and-play terminals that connect to your core: smart POS systems

At first glance, a POS terminal might seem like just a “payment device”. However, PaynoPain’s payment terminals act as smart peripherals: they receive transaction amounts directly from the remittance company’s management software and return the result in real time. There are no figures to key in and no receipts to reconcile hours later.

This not only speeds up daily reconciliation, but also virtually eliminates human error and reduces the risk of mistakes by agents.

2. Direct settlement to the safeguarding account: automated PSD2 compliance

PSD2 regulations require remittance companies to safeguard the funds of their end users. With PaynoPain, every euro collected via the POS is automatically routed to the escrow account designated by the EMI or payment institution, without passing through any intermediate operational accounts.

For the finance department, this offers peace of mind by ensuring regulatory compliance; for agents, it means operating with the same ease as always.

3. Express onboarding and omnichannel coverage from a unified payment gateway

PaynoPain sends out 4G or Wi-Fi terminals pre-configured; simply switch them on and you’re ready to start accepting payments. Need to reach a new neighbourhood or extend your business hours? Just assign the POS terminal to the agent via the control panel, and within minutes they’re up and running.

Moreover, the same payment gateway handles online payments, payment links and mobile wallets—delivering a unified experience for the end user and a single report for the back office.

4. Real-time AFT monitoring for fraud control in every transaction

Each transaction carries critical metadata: agent ID, internal reference, geographical zone, and even AML-relevant data. This information feeds an anti-fraud engine based on rule sets and machine learning.

If a transaction deviates from expected patterns, an alert is triggered instantly. Neither the agent nor the customer notices—because the payment gateway is already protecting the business in the background.

5. More than payments: secure refunds and customer retention

Remittances aren’t always perfect. When a cancellation or refund is required, the process with PaynoPain is as simple as the original sale: your system sends the request via API, the POS returns the funds to the original payment method, and the balance in the safeguarding account is updated instantly.

Fewer calls to the call centre and greater customer trust.

6. Next step: modernise your remittance operations with a complete payments infrastructure

If your agent network is growing faster than your controls, or if your daily reconciliations still rely on spreadsheets, it’s time to modernise. With PaynoPain’s infrastructure of physical and virtual POS systems, you’ll consolidate operations, comply with regulations seamlessly, and offer your clients the secure, smooth payment experience they expect in 2025.

Fill in the form today and request a demo to discover how we can help grow your money remittance business.