Exchange rate platforms give individuals and businesses different challenges, one major concern is that rates can fluctuate rapidly. Hidden fees are also another concern with some online platforms frequently charging extra. These additional fees can ultimately drive up the overall cost of any transaction.
According to the World Bank, there are over 120 international money transfer websites and apps available. The World Bank also emphasizes the importance of a secure, affordable, and accessible payment systems. However, this can be overwhelming for consumers to manually make the best choice during exchange rates.
Finding the best international exchange rates involves exploring various sources and comparing the rates offered by different websites. This also includes avoiding the high charges associated with sending money internationally.
“Having experienced this frustration myself, I introduced a real-time comparison engine to assess the best exchange rates globally. It mission became empowering users to discover the best value for their money by providing information about the best exchange rates and service providers at no cost to them,” said Charley Bokor to TheAfricanDream.net in a statement.
Ghanaian-born Charley founded Gavazo Inc in 2023, an international exchange rates comparison company based in Boston, Massachusetts, in the United States. The company gives an all-in-one platform for navigating international money transfers.
Its exchange rate metasearch engine allows users to efficiently compare exchange rates, fees, and transfer speeds across various international money transfer services.
“While Gavazo doesn’t conduct transactions directly, it provides a seamless experience for users to explore and compare options, facilitating informed decision-making. Once users find the best option, Gavazo redirects them to the respective money transfer sites to complete their transactions,” explained Charley to TheAfricanDream.net.
Gavazo Inc is completely free for users, and it instead earns its commission from money transfer providers when users make a transaction through its platform. The firm only work with reputable money transfer providers that are licensed and regulated in their respective countries.
However, they recommend that users do their own research and reading reviews before choosing a provider. Agreement and transaction entered is also exclusively between the user and the money transfer provider.
Since it was established, Gavazo Inc has worked on its services to stand out as “your reliable partner in navigating the complex landscape of international money transfer.” Founded with a vision to empower both individuals and businesses, the firm invests heavily in financial innovation through its user-friendly platform.
“Today, millions rely on Gavazo’s trusted comparisons, reviews, and guides each year. Our recommendations are backed by millions of pricing data points and extensive expert testing, empowering you to make informed decisions with confidence,” Charley emphasised with confidence.
He is also the co-founder of Scaleup Future, a nonprofit organization in Ghana dedicated to developing and supporting disadvantaged and most vulnerable youth. As an accomplished inventor, entrepreneur, and philanthropist, Charley has over 25 years of experience in both the public and private sectors.
He has held numerous leadership roles and has mentored individuals globally. His work has been widely recognized, with recent features in publications such as The Boston Globe and Metrowest Daily News. Charley holds an MBA from Cambridge College in Massachusetts, along with various professional certifications.
With his background in philanthropy, Charley announced in April that his firm, Gavazo Inc will be empowering the most vulnerable youth in the society. The platform has pledged 10% of every profit earned from its commission to support disadvantaged youth who are in its community.
“By choosing Gavazo, you’re not just sending money abroad – you’re investing in the future of our most disadvantaged youth, helping them attain their full potential and become economically independent. Together, let’s make a difference and build a brighter tomorrow for generations to come.” said Charley.
If you are a remittance service provider and wants to be listed on Gavazo Inc. you can submit your application to get listed HERE.
Source: TheAfricanDream.net
Abeeb Lekan Sodiq is a Managing Editor & Writer at theafricandream.net. He is as well a Graphics Designer and also known as Arakunrin Lekan.
