Xtchanji's mobile platform is designed to provide currency exchange agents with a simple, fast, and secure tool to manage daily operations directly from their smartphones. It facilitates fieldwork while ensuring traceability and compliance with regulations in force in Niger.
Features for Currency Exchange Agents
1. Conduct Foreign Exchange Transactions
The agent can perform all currency exchange transactions in real time:
Currency Purchase: Recording transactions where the exchange bureau buys currency from clients.
Currency Sale: Managing currency sales to clients according to current rates.
Each transaction is secure, recorded, and time-stamped to guarantee transparency and facilitate audits.
2. View Daily Rates
The agent has access to updated exchange rates (buying and selling) set by the government or the authorized exchange bureau. This allows you to:
avoid pricing errors
ensure consistency in transactions
and remain compliant with regulatory guidelines
3. View transaction history
The application allows the agent to:
1. view all transactions (purchases, sales, payments)
2. filter by date, transaction type, or currency
3. track their performance and daily activity
This improves monitoring and facilitates internal or external audits.
4. Make a payment to the authorized agent
The agent can record the amounts paid to the authorized exchange bureau:
1. report collected funds;
2. track payments made;
3. improve cash management.
This feature strengthens financial transparency between the agent and the authorized entity.
Advantages of the mobile platform:
1. Save time processing transactions
2. Reduce human error
3. Complete transaction traceability
4. Compliance with local regulations
5. Accessibility from anywhere