The remittance industry has been trending in the new era. Rising numbers of foreign remittances are a boon to the receiving country’s economy at both large and small levels. Especially for the developing countries like India, Pakistan, Bangladesh, Sri Lanka etc. remittances play an important role as a stable source…
Recent decades have seen a spectacular rise of the remittance industry, drawing maximum eyes and attention upon it. International money transfer has the greatest benefits for the economy of the receiving countries due to abundant monetary inflows. These benefits of the remittances fall under two broad categories: Micro-level impacts (individual…
Sending money overseas is not as easy as doing a Whatsapp or Skype call to the family in your home country. It involves quite some procedures, not many, but it can be a bit confusing at the beginning and gradually you will get into the pace of it. I’m assuming…
The whole world has witnessed the significance of mobile banking since 2020 when the Covid pandemic started hitting us hard. The majority of people who have trusted bank transfers for long years have shifted their ways to install mobile apps to do financial transactions. Why? The reason for this immediate…
Every country needs a Financial Intelligence Unit (FIU) that plays an essential role in combating the criminal activities of money laundering and terrorist financing. FIU takes special care and efforts to receive, evaluate and share financial information. Any kinds of suspicious activities seen in international money transfers must be reported…
Australia is one of the major migrant destinations of the people around the world for its multicultural tolerance, the standard of living, impressive career prospects, high-quality education, agreeable climatic conditions and many more. Australia hosts a population of 7.5 million migrants within its borders, which is likely to grow in…