The Money Cloud Explains: Capital Controls

Free trade allows the flow of money from places that have it to places that need it – places of opportunity. That’s the theory. However, in 2010 the IMF, historically free trade’s staunchest defender, conceded that government intervention in markets and trade through capital controls could be justified. That debate has come to the fore again in 2015, as Greece has used them to stop its economy from spiralling out of control. We look at what capital controls are, when they’re used, and how they impact international money matters.

What are capital controls?

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Why Tech-Driven Money Transfer Startups Are Cheaper Than Their Older Rivals

The fintech industry has exploded in recent years, slowly growing into niches once dominated by big finance. In the international money transfer market high street banks and wire transfer companies like Western Union are starting to find themselves undercut and outperformed by innovative startups. But what is it that gives these fledgling companies their edge? Read more

Why We’re Closer To Cashless Than You Might Think

2014 was a landmark year for the cashless revolution in the UK. For the first time, cashless payments overtook those made using ‘real’ money, signalling a pretty significant change in the national mentality. The UK’s not the only one saying goodbye to coins and notes, either. Countries like Singapore, the Netherlands and France are leading the way here, making around 60% of their payments without physical currency. Read more