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…
With the ever-rising number of professionals moving back and forth over the national borders and settling in foreign countries, there has been an immense need for international money transfer companies to ease and simplify the process of foreign fund transfer. People who have always trusted bank transfers are now looking…
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…
International remittance is a strong word that we hear in terms of the exchange rates, the economy of the countries etc. Remittance is simply the transfer of money between a sender and a recipient settled in two different countries. It is an international money transfer! With the rising policies of…
Ramadan is the holiest month in the Islam calendar. A divine month of prayer, reflection and forgiveness. Muslims across nations take one month of fasting during Ramadan. They fast from sun up to sun down on a daily basis. It is a renewal of their faith, and it strengthens their…
Remittances across national borders are very crucial when it comes to its economic, developmental and cultural contributions to the sending and receiving countries. Remittances from migrants settled in another country have positive impacts on poverty reduction and development of the home countries and lead to the substantial achievement of their…
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…
Choosing the best remittance provider is always a tricky part. Why? Because there are many criteria to think about, not only think, but one must compare and cross-examine one against the other to arrive at an informed decision. International money transfer services have become increasingly convenient with advanced technologies. Yet,…
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…
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…