Yes, it is possible to send money internationally with a money payment app. The method of money transfer is the same as sending money locally. The sender logs into the app and provides the recipient’s details, the amount to transfer and the method of payment, after which the payment is confirmed and approved, and the funds are sent out.
When money is sent internationally, the money passes through three intermediate banks before arriving at the recipient’s bank, usually up to five working days. Hence, transferring money internationally takes a longer time.
While sending money abroad isn’t a crime, doing so can become one, especially when done with a shady intention. Cybercriminals often use international money transfers as a means to launder money, forcing law enforcement agencies to create preventative rules and regulations. Another security concern with international money transfers is that some cross-country transfers are not well equipped to securely transfer money. Any vulnerability or loophole observed by cybercriminals can be capitalized on, causing the funds to be diverted, stolen or lost.