“But, I need the money now! And there’s no place I can even get a proper loan from.”

As an ex-pat, there are high chances that you may have been this person or a friend/family to this person.

If you’re an ex-pat, you may be well aware of how difficult it is to remit or send money to your friends and family living in another country. Not only do you and your loved ones have to go through the lengthy procedure of fulfilling bank account requirements but also need to deal with long processing times and high fees. In fact, the lengthy processing times beat the entire purpose of remittance through banks at times, as your loved ones may be in urgent need of money.

Not just remittances, there are also barriers to borrowing a loan in the conventional banking system. Do you know that roughly 35,000 banks exist across the world? But still, most of us are unable to avail of a loan and even a bank account in our time of need. So, how do we deal with this conundrum despite having the resources and network to help and get help from?

Fret not! Introducing Xare (pronounced “Share”) — an app that aims to revolutionize banking. With Xare, anyone, and we mean anyone, can share your debit or credit card with their friends and family. We simply call it ‘Xaring!’ The objective of Xare is to make simple remittance and credit sharing services available to all ex-pats anywhere in the world so they and their friends and family (your tribe) are not helpless when it comes to helping each other in times of need.

Scenarios where Xare can be a lifesaver:

Xare comes to the rescue when your tribe or you are short on cash. Many a time, as a student studying abroad, your tribe may be transitioning between a course and job, or may lose a part-time gig that helped them with most living expenses. In this case, your tribe may want to reach out to you for help. But, what if you are in no position to help financially? Xare has a unique mechanism wherein you can share the balance credit you have on your card with your tribe. This can help someone sail through tough times without getting into the debt trap of high-interest rates and short-term loans.

Xare works even when you need to send cash to children or dependents for their daily spends on a regular basis. It is understandable how painful it is to get multiple cards and monitor these for spends and pay off each card while remembering to set multiple limits. Xare eliminates the need to get add-on cards and pay additional fees on these cards. You can simply set limits on your card for your tribe for their spending and also change these limits. You can also set an expiry date. Xare gives you complete control and transparency in this aspect. All you need to do is share a link with the multiple people you would want to share your card with at the same time.

Now, take the case of a business owner. For an entrepreneur with employees, tracking and controlling their employees’ expenses can be a cumbersome task. There are requests and approval requirements round the clock. In fact, these can cause delays with many processes because of delayed approvals and payment issues. Moreover, multiple expense accounts are, well, you know, a pain. With Xare, the need for multiple expense accounts is gone, and business owners can easily manage employee expenses using one unified dashboard. Whether a business is established and big or a small enterprise, Xare does not discriminate. Business expenses can be managed easily using Xare. Your employees are, after all, a truly important tribe!

You see, Xaring is all about sharing and caring! And now that you’ve seen the multiple scenarios where Xare can really help, let us go ahead and look into how your tribe can use Xare.

First, you need to download the Xare app from PlayStore. The app is currently available in beta mode and offers early access.

Once you have downloaded the app, you need to enter your phone number and your unique ID. The registration takes only 30 seconds and a valid phone number.

Once you have registered, you need to add a valid debit or credit card. Then, simply select a contact and click share! Voila! You have already chosen to share your card. You can do this with multiple people at the same time by creating a share link.

Once you share your card, you are free to decide the limits and also the expiry date or the date until which the card will be shared. Once this is done, your tribe will be issued a Xare card, mapped to your card for them to spend, of course, within assigned limits and categories.

That’s it! Your tribe can now use this Xare card for any purchases on thousands of stores across the globe without revealing your card details. Isn’t this a great enabler for your loved ones!

What’s more, you can issue multiple Xare cards, as many as you like, and even take back access to any of these cards at the click of a button!

Further, you are assured that your personal data is secure and protected. For instance, your tribe cannot see your card details, neither does Xare store them centrally. So, no hacking risks! No security compromises!

So, if you’ve been waiting to make the life of your loved ones easier, downloadXare today! Power your tribe, and be the bank your tribe truly deserves — fair, instant, and completely digital! Also remember, Xare is free to use!

P.S. We are constantly expanding our testing pool for the Xare app. Join the waitlist for early access for an easier life. What are you waiting for?!

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