What is a remittance?

“Remittance” is another word for a money transfer.

These are usually sent between friends and family in different countries, for personal use. That can include paying household bills, healthcare, education and general living costs.  Sometimes people send money to themselves if they have a mobile phone or bank account overseas.

More than $500 billion in remittances are sent around the world annually, a number that is increasing every year.

What Services Does Skandsom AB Offer ?

Skandsom AB can send money to bank accounts, for cash pickup, to a Mobile Money service (sometimes called mobile wallets) and as a mobile airtime top-up.

Skandsom AB offers greater convenience than traditional money transfer services that often require their customers to travel to a high-street agent.  These old-fashioned services also tend to charge higher fees.

Why would I use your service?

The internet has improved our lives in many ways. We all know how quick and easy it is to send an email or to buy something from an online store.

Skandsom AB is doing the same thing for money transfers. Our service to our customer is great, low cost, fast and secure.

You can send money simply by coming to our office and money can be sent to bank accounts, for cash pickup, to a Mobile Money service (sometimes called mobile wallets) and as a mobile airtime top-up.

Skandsom AB is committed to keeping our customers and their money safe and secure.

I have sent money, what happens next?

We understand it is important that you know what happens to your money after you click send.

Both you and your recipient will receive a notification by email/SMS to let you know that the payment has been sent.

You will both receive a second notification when the transfer arrives at its destination.

If you want to ask anything about the progress of your transfer, please contact us through the form and we’ll get back to you as soon as possible.

What are the different ways that money can be received?

Money sent via Skandsom AB can be received in the following ways:

• Bank deposit: money is credited to the recipient’s bank account.

• Cash pickup: cash is available for collection from local agent locations.

• Mobile Money:  funds are added to the recipient’s Mobile Money account.

Can my recipient choose how they get their money?

How your recipient gets their money is decided by the sender who chooses from the available options when sending the money.