Why should your money run faster than information? Huma Finance will provide the answer.
We live in an age where information is transmitted at the speed of light, and with a tap of a finger, we can video call friends on the other side of the globe, yet our money is still 'limping along' at the pace of last century. Have you ever wondered why an international remittance takes several days to arrive? Why do merchants have to wait through long settlement periods to receive their rightful revenue?
The reason behind this is the traditional financial infrastructure we have used for decades. It is like the old pipes of a city, not only inefficient but also leaking everywhere. Banks take our deposits to invest and lend, earning substantial returns, but the interest we receive is pitifully small. Most of the profits are consumed by complex intermediaries and bloated institutional costs. This system is fundamentally unfair.