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 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…
Foreign settlers indeed do a great sacrifice by being away from their homes, yet supporting their families and communities of origin by sending money home as an international money transfer. The whole world honours them every 16th June, as it’s the International Day of Family Remittances (IDFR). Remittances matter more…
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…
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…
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…
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…
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 world is a widened seamless horizon, however with the successful intervention of technological advancements and online money transfers, the world has become smaller and closer, connected with the internet. With the liberal policies of globalization, people have been migrating to developed countries for better living conditions and career prospects.…
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…