Foreign immigrants in Australia regularly send remittances to their family, friends and relatives in their respective home countries such as India, Pakistan, Sri Lanka, the Philippines etc. The real question is, Why? Why do they make an international money transfer? What could be the reasons behind sending remittances? In this…
Remittances are money transactions across national borders by migrant settlers, workers and students to their…
International money transfer was one of the biggest chores in earlier times with fewer ways…
Before moving into the Act itself, let us first quickly know what is “money laundering” and “terrorism financing”? Money laundering is the process of converting dirty money gained out of illegal activities into clean money. Here, they hide and disguise the real source of money so as to conveniently avoid…
Globalization led to tremendous changes in global policies on immigration. People started moving across countries…
People are surrounded by innumerable emergencies. Ranging from medical emergencies to urgent money needs, expats…
Overseas settlers and workers do international remittance on a regular basis to provide financial assistance to their families and friends living in their home country. For more than a century people have trusted banks to do overseas remittance. Now their options have widened with the arrival of remittance providers to…
What exactly is a cash pickup? You may have heard of different types of international…
Yes, international money transfer through a mobile app is as reliable as sending money to…
A while ago mobile apps were nowhere to be heard, but now all you hear about is a mobile app. The banking sector, education sector, eCommerce… literally every industry started developing mobile applications. Why? Because mobile apps are convenient and easy to use, and people are increasingly fond of them. …