Remittances are money transactions across national borders by migrant settlers, workers and students to their home country. On every consequent year, world remittance is colourfully on the rise as the scale of migration between countries is ever on the rise. People from developing countries migrate to developed countries for better…
International money transfer was one of the biggest chores in earlier times with fewer ways and numerous procedures of money crossing international borders. Now with special thanks to the internet and remittance providers, the process has been simplified for the foreign settlers and overseas workers. However, there are some do’s…
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 for better job opportunities, higher studies, living standards etc. Wherever people go, their close familial ties and friends remain in the home country. Thus, the global remittance industry is one of the adjoining factors that…
People are surrounded by innumerable emergencies. Ranging from medical emergencies to urgent money needs, expats send lots of money to their families, relatives and friends in the home country. In case of emergency, you might not be in a situation to look out for favourable exchange rates or the lowest…
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 money transfers such as online money transfers or bank transfers. In both these cases, the money transferred is deposited into the bank account of the beneficiary. How about a situation where your beneficiary has no…
Yes, international money transfer through a mobile app is as reliable as sending money to your friend living next door or through a national banking app. Be it national or international money transfer, mobile apps are safe and convenient. They simplify your life beyond measures. The best service providers offer…
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. …
Christmas is here with all joys and merriment, but the celebration mood is slightly off with the Covid-19 situations and travel restrictions across Australian borders. Most of you had to cancel your plans to travel home during this holiday season. Everyone wishes to spend holiday seasons with their family members.…