Who is a beneficiary?

A beneficiary on Palremit is a person or account to which you send money frequently. You can set up a beneficiary to receive money, cryptocurrency, or other financial benefits from you, and make recurring payments this way.

Palremit allows users to save the account details of frequent beneficiaries, such as family members or friends, so they don’t have to re-enter the information each time they make a transfer.

Saving beneficiary details makes future transfers faster and more convenient for Palremit users.