Niche brick and mortar stores stand to be disrupted

Niche brick and mortar stores stand to be disrupted

Business has changed. Through the power of the internet, social networking, easier access to materials, it is now easier than ever to create a successful business, especially if your business appeals to a niche market.

Even how businesses promote themselves has changed. Gone are the days of newspaper ads and billboards, replaced with much cheaper online ads and social media. Before your ads were limited in scope, usually remaining in the same city, but with online advertising, you could have a much larger scope and a much larger potential audience. With these new resources, new startups are changing the old ways of doing business.

Many other e-stores are popping up with the help of tools such as Wix and Shopify, or are expanding their clothes lines online, like Amazon. A good example is, Your Sarista who comes with an in-built audience that may feel underserved in Canada and the US. By offering Indians, Bangladeshi, Nepalese and Sri Lankan women high-quality garments at affordable prices, they are offering girls and women something that they may not be able to get or afford otherwise.

Founded by two Toronto-born Tamils, Your Sarista is one of the first e-commerce retailers of sarees, lehengas and ready-made saree blouses. They are also the first retailer in Toronto that gives their customers the option of renting and ship internationally. They have been featured in multiple publications and events, including Mississauga Fashion Week, tamilculture.com, ninaivukal.com, Canadian Tamil Youth Alliance and more.

If they were exclusively a brick and mortar business, they would be largely dependent on word of mouth to promote their sarees. However, an online store that ships internationally? That is far easier.

Many businesses are having great success in similar endeavors. Sites like Etsy allow people to buy and sell their own products, most often handmade or for a very specific audience. The key difference is that Your Sarista uses Remitbee for money transfers, keeping the cost of sales low and passing the savings to both their employees and their customers. Whereas in the old brick and mortar business model, wholesale purchases are made which require wholesale payments and costs of unsold inventory passed to customers. With the help of Remitbee, Your Sarista facilitates their payments instantly to wholesalers as orders are placed in real time.

Remitbee removes the middleman from money transfers, so you skip out on jacked up exchange rates for a much more reasonable rate, and get it much quicker than you would with traditional money transfer programs. Remitbee lets you deposit the money directly, or even have it delivered directly to your door in some areas. As online businesses experience further success, more and more people are looking for alternatives to high exchange rates and long wait times before they can access their money for goods and services.

So if you are ever purchasing South indian garments or sending money to another country check out yoursarista.ca or remitbee.com and experience why brick of mortar businesses are at risk of being disrupted.

Remitbee Money Transfer App

Toronto: A new money-transferring App, Remitbee, developed by Thamor Trading Corporation is partnering with Punjab National Bank to provide fast, easy and better exchange rate to Indian diaspora who sends money to India.
“This Remitbee App is an important milestone in our journey to provide a better service to Indian diaspora in Canada,” said Yogi Yoganathan, Co-founder of Remitbee.
The service was first launched in May 2015 and it has attracted thousands of customers who send money to India using their computer, iPhone or Android based phones.
With this revolution of technology, Remitbee has come to the market to provide a better experience. It promises simple, fast and secure money transferring experience and it offers better exchange rate than all those traditional money transferring agencies. For example, first time customers are provided free transfer for the first transaction and they can send money up to $3000 for a fee of $2.99 only. This often comes with better exchange rate and other convenience such as automatic notification to their phones.
“We are expanding to additional countries and recently has added 30 more countries where customers can enjoy the same level of service as India,” said Yogi Yoganathan.
Customers can check out the app under the name Remitbee at App store or Play Store. They can also access the website at http://www.remitbee.com.

Original Article: http://www.weeklyvoice.com/community-news/remitbee-money-transfer-app/

RemitBee sends money to over 45 countries

RemitBee money transfer has grown to be one of the leading online money transfers in Canada. After securing important payment partners, customers using RemitBee web and app can now send money to over 45 countries.

“Our goal is end the high cost of sending money. Up till this point, customers sending mostly to asian countries were benefited with RemitBee’s ease of use and low cost and now customers sending to 45 different countries will have the same experience.”  says Co-Founder Yogi

For full list of countries please visit http://www.remitbee.com

About RemitBee
Remitbee is a mobile and web based money transfer company. Based out for Ontario, Canada RemitBee allows immigrants and expats to send money to friends and family to over 25 countries as of March 2016.

Media Resources:

Website: http://www.remitbee.com
News Centre: news.remitbee.com
Apps: Android App at Play store “RemitBee”
          iOS app at App Store “RemitBee”

RemitBee launches instant service to India

RemitBee has launched a partnership with PNB Bank in india to be the distributor of RemitBee transfers. The innovative service will allow customers to access funds within 5 minutes of their transfer. “This amazing service will allow customers to send money on their devices with a couple of clicks and receive the money in their bank accounts within minutes. We are fundamentally changing the typical brick and mortar operations with cash payments,”  says Co-Founder Yogi

About RemitBee
Remitbee is a mobile and web based money transfer company. Based out for Ontario, Canada RemitBee allows immigrants and expats to send money to friends and family to over 10 countries as of August 2015.

About PNB bank
Punjab National Bank is an Indian financial services company based in New Delhi, Delhi, India. Founded in 1894, the bank has over 6,300 branches and over 7,900 ATMs across 764 cities. It serves over 80 million customers.

Media Resources:

Website: http://www.remitbee.com
Apps: Android App at Play store “RemitBee”
          iOS app at App Store “RemitBee”

 



RemitBee Inc joins 500 startups

Toronto, ON | San Francisco, CA 

RemitBee launched in April 2015 with a mandate of ending high money transfer fee’s and making it easier for people to send money using Web and Mobile technologies. The Ontario based company has launched to great feedback from immigrants sending money abroad. Since their launch, RemitBee has hit the mark with big partnerships and media attention. Recently Remitbee has joined 500 startups B14 Batch to help accelerate the company’s growth and get to market faster! “the global nature of our business needs a global network of mentors and supporters, and we felt that 500 Startups was the perfect accelerator which will allow us to tap into these resources” claimed Manos, one of the founders of RemitBee.

About 500 Startups

500 Startups is an early-stage seed fund and incubator program based in San Francisco, California. 500 Startups was founded by Alumni of High Tech startups such as PayPal and Google. The company’s areas of interest include financial services and e-commerce; search, social, and mobile platforms; personal and business productivity; education and language; family and healthcare; and web infrastructure. The company has helped launch many 100+million dollar and Billion dollar companies.

About RemitBee

Remitbee is a mobile and web based money transfer company. Based out for Ontario, Canada RemitBee allows immigrants and expats to send money to friends and family to over 10 countries as of August 2015.

Media Resources:
Website: http://www.remitbee.com
Apps: Android App at Play store “RemitBee”
          iOS app at App Store “RemitBee”

Whats in a name?

Bee’s are considered to be an insect that has the ability to create honey from something as delicate as a flower and have the ability to safely and securely transport and store that very honey. Bee’s are also found on almost every continent. We consider ourselves the Bee’s of your money. We pride ourselves in being one of the pioneers in securely transferring your local currency to your friends and family’s using your mobile and web applications. We hope to be able to connect everyones financial needs through all the continents. Plus, we love honey and without bees we wouldn’t have any! Aren’t they adorable? Look out for RemitBee mascot in your neighbourhood events!

RemitBee Launches

Today is an important day for people remitting money to family and friends around the world. With the advent of the internet, we have seen almost everything being connected and synchronized in a seamless way. With such incredible innovation; we still are using the old methods of connecting financially around the world. Remitbee is a service that we introduced to change how we transact around the world. We transfer your hard earned money at the click of a button on the web, tablet and mobile 24/7. We do this at the fraction of the cost of what major banks and other money transfer companies offer. We also strive to complete your transaction at the fraction of the time that it regularly takes. We offer direct delivery pickup, bank deposits and mobile wallets. Our goal is to ultimately allow everyone to easily and affordably send and receive money with a few clicks.

We hope you enjoy our service and we hope to serve you with convenient, safe, and low cost service.

Join the revolution.

Yogi, Manos, Pratheepan
Co-Founders