The problem
Families sending money across borders face hidden fees and poor exchange rates.
What to build
Create a comparison tool that shows the true cost of each remittance route, including the exchange-rate margin.
Success looks like
Cost calculations that match published rates within a stated tolerance, updated automatically and shown with a clear methodology.
Suggested technologies
- Rate APIs
- Cost modelling
- Comparison UX
- Data freshness checks
- Transparency
An original, independent statement. It is not an official Smart India Hackathon problem statement, and Arventiq Labs is not affiliated with or endorsed by that programme. The scenario is illustrative and does not describe any specific organisation. Free to use with credit.