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…
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…
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…
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…
Today’s world is tightly packed with hectic schedules. People are running around to meet the deadlines of workspace, colleges, family dues etc. It is a constant contest with time, thus people are looking around for all nuances that can help to save time in any way possible. Into your time-saving…
International money transfer with PFG Smart Credit is the easiest and simplest method of transferring money across nations. Being the top money transfer agency in Australia, it offers three variant ways of sending money abroad; online, in-store and mobile app. In this article let us see a step by step…
With the ever-rising number of expats in different countries, international money transfers are always at a hike. Millions and millions of people send money back to their home countries to financially support their family members, friends and relatives. It is a known fact that international money transfer need not come…
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…
Let us begin by explaining the importance of the remittance industry. The remittance industry is booming more than ever because it provides international money transfer services to immigrant settlers, workers and international students, who wish to send money to family and friends in their home countries. Funds are remitted for…