A remittance transfer is a system of international electronic money transfer mode that has become indispensable for individuals to send money to their friends or family across borders conveniently and quickly. People must adapt as the global economy continues to rise and job opportunities are cropping up across borders. Rather…
A remittance is a transfer of funds from one person to another. Remittances can broadly be defined as any payment made in response to an invoice or bill. The term is now, however, most frequently used to refer to a sum of money that an individual working abroad sends to…
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…
What do you understand about the term international money transfer? Transferring money from one country to the other for family needs, financial assistance, business operations etc. All international money transfers involve selling one currency to buy another at a specified exchange rate. When you transfer money online from Australia to…
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, also widely known by the name international money transfer, is an industry as old as the time when people started migrating to foreign countries. However, the recent decades have seen a sudden upswing in remittances as more and more people started moving abroad for better living conditions, career…
Global pandemic Coronavirus has flipped all our lives in different ways and pushed us into digital lives. Although this vast majority of people came into online platforms after the pandemic, mobile banking had always been people’s favourite since it’s introduction. Why? Because it allows people to manage their financial transactions…
The cross-border international remittance, resulting from the ever-rising number of migrations is a matter of global importance. It is crucial as the exchange is not of goods and services, but national currencies of each country. The financial market is always in motion with fluctuating foreign exchange rates and the field…
Remittance is not a simple task, it is an international affair in which the currencies of two different countries are being exchanged one for the another. There are many ways of doing it, let’s say, traditional and emerging ways. Before making an international money transfer, it is inevitable that you…
Technology is the greatest boon that humans have ever invented. Technology, not being a static form, is dynamic that evolves along with the age and new inventions. It makes our world a more comfortable place to live. Almost all the fields and sectors in the world have their mechanisms run…