In today’s interconnected world, the need for seamless global payments has never been greater. Sokin, a London-based startup, is transforming the way consumers and modern businesses make international payments and remittances. With its innovative subscription-based model, Sokin is eliminating the hassle of traditional payment systems by offering fixed fees and commission-free transactions. Let’s delve into the details of this groundbreaking startup and how it is revolutionizing the global payments landscape.
Sokin is a global financial service provider that empowers individuals and businesses to effortlessly make international payments and remittances at any time and from anywhere. By combining convenience, affordability, and transparency, Sokin aims to provide a hassle-free experience for its users. Whether you need to support your family’s financial needs, conduct international transactions for your enterprise, or facilitate cross-border e-commerce, Sokin has tailored solutions to meet your requirements.
Subscription-Based Model for International Money Transfers
In 2021, Sokin introduced its consumer app, becoming the pioneer in the global payments industry to adopt a subscription-based approach for international money transfers. Unlike established brands that charge transaction fees ranging from 5% to 7%, Sokin’s global multi-currency account allows businesses and individuals to send, spend, hold, and receive money across 200 countries and territories, supporting 38 different currencies. By offering a fixed fee structure, Sokin enables its users to make unlimited transactions within a month without worrying about hidden charges or additional costs. This disruptive model not only ensures cost-effectiveness but also simplifies the payment process, making it more accessible and user-friendly for everyone.
Seamless Currency Exchange and Low-Cost Rates
One of the key features that sets Sokin apart is its commitment to providing low-cost currency exchange rates as an alternative to the complex and exclusionary traditional international payment systems. With Sokin, users can exchange payments and transfer money multiple times per month without being subjected to unfavorable exchange rates or exorbitant fees. Whether you are a global traveler, an expatriate supporting your loved ones back home, or a business engaged in cross-border commerce, Sokin’s streamlined approach allows you to leverage competitive rates and ensure your money reaches its destination promptly, without any unnecessary expenses.
Tailored Solutions for Every Need
Sokin Personal – Designed for individuals and families, Sokin Personal empowers users to manage their finances, make international payments, and support their loved ones with ease. With transparent pricing and unlimited transactions, Sokin Personal provides a reliable and cost-effective platform for personal money management.
Sokin Enterprise – Sokin Enterprise is tailored for businesses engaged in international trade and cross-border transactions. By offering comprehensive financial solutions, Sokin enables enterprises to simplify their payment processes, reduce costs, and enhance their global competitiveness.
Sokin Pay – Sokin Pay caters to online merchants and e-commerce businesses, facilitating seamless cross-border transactions and ensuring secure and timely payments. With Sokin Pay, businesses can expand their reach and connect with customers worldwide, all while enjoying transparent pricing and hassle-free payment processing.
Sokin is redefining the global payments landscape with its commitment to transparency, affordability, and convenience. By adopting a subscription-based model, Sokin has made international money transfers accessible to all, empowering individuals, enterprises, and online merchants alike.