Did you know, that in 2020 Australia received US$1.1 billion in remittances and sent out US$4.3 billion in remittances to foreign countries? This data shows that there are plenty of migrants in Australia who are sending out large amounts of money to their families back home. With such high demand…
If you have ever done an international money transfer, it is a sure thing that you have heard about “the SWIFT network”. So, for your better understanding of the term, let us dive deep in so that the next time you do an international money transfer it is no longer…
What do you understand about the term international money transfer? Transferring money from one country…
I assume that you are ready to send money overseas and wish to know what exactly is a cash-pick up facility! Well, a cash pickup option is a convenient way in which the recipient of an international money transfer can collect their funds from a physical location. It is very…
The remittance industry, being an economic power, is a source of capital and financial support that affects millions of households across the world. Remittances play a significant role in the economies of different countries and the world economy, as a whole. How? By influencing their economic activities. Migrants conduct international…