Many new money transfer apps offer money transfer referral bonuses to encourage you to invite your friends to the platform. When you refer someone to the app, and they sign up and make a qualifying money transfer, you will receive a bonus. The bonus can usually be used to make purchases, transfer money, or withdraw cash. This will increase brand awareness and allow the money transfer apps to gain more potential customers. It is also very common for money transfer apps to give you a referral bonus in order to expand their audience.