Sending Money Abroad – 5 Things To Check Before You Hit ‘Send’

There are all sorts of reasons for sending money abroad. But whether it’s for business purposes; paying the wages of an overseas employee, for example; personal, buying a property or sending money to a new country before relocating there; or family, paying for a son’s or daughter’s education perhaps; the same rules apply when searching for the right service.

Let’s take a look at the 5 things to look out for before making a transfer. It pays, literally, to plan in advance, take your time, and consider all the options available to you. You might be surprised how many there are.

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Japan’s Seven Bank In Tie-Up With Philippines BDO Unibank For International Money Transfer

Overseas money transfer between two countries to be made easier thanks to Seven Bank International Money Transfer App.

Mobile banking is growing in influence globally. A recent report from the World Bank suggests it is the cheapest way to transfer money overseas.

Last week, BDO Unibank, owned by retail and banking magnate Henry Sy, became the latest to launch a service. Read more

Blockchain; $107m Investment Round For R3 Group – But Signs Of A Major Issue For Distributed Ledger Tech?

R3’s fundraising largest ever for a blockchain / distributed ledger technology provider – yet people are talking about banks that didn’t invest.

 

The blockchain is what made Distributed Ledger Technology (DLT) famous, but now imitation platforms and services are springing up everywhere

The latest major force is R3, an independent group developing innovative DLT for finance services, such as trading, or international money transfers. Read more

Ria Money Transfer Launches “Gold Standard” Service In India

Ria Money Transfer offering Indian customers chance to win 100 grams of gold.

The country of India is the world’s largest market for receiving migrant remittances. It’s no surprise therefore, that Ria Money Transfer is making a concerted effort to increase market share in the region.

Ria will provide its new Gold Standard service using a network of 3 leading local agents. Weizmann Forex Limited, Paul Merchants Limited and Transcorp International Limited have all agreed to become partners. Read more

How To Use The Money Cloud To Transfer Money To Malaysia

There may be all kinds of reasons why you might want to transfer money to Malaysia. You may be a Malaysian living overseas who wants to send their money back home to relatives. You may be a business paying a Malaysian supplier, or setting up an office there. Perhaps you want to pay for a holiday in advance, or pay ahead for some tuition. You may be buying a property there.

Well, we can’t find you a flat in downtown Kuala Lumpur, but we can help you on the currency side – by showing you how easy it can be to transfer money overseas. Read more

Japan Introduces Regulatory Sandbox For Fintech Startups

The Japanese government are set to make it easier for the country’s fintech startups to trial new services and technology. Their financial authorities are introducing a pro-innovation sandbox that will offer firms the opportunity to conduct regulator-free trials.

A government agency will review proposals from developers and startup fintech firms. If granted approval, the developers will be given a limited time to run experiments within the sandbox. Read more

Bitcoin Just Surged Past The $2,000 Dollar Barrier

Earlier this year, bitcoin backers were celebrating because the crypto currency burst through the psychologically important $1,000 dollar mark. What must they be thinking now?

Bitcoin stormed past the $2,000 mark this week on news that the Japanese and Chinese governments are making plans for the long-term integration of digital currencies into their banking systems, and because of the significantly enhanced reputation of digital currencies as a whole. Read more

5 Steps You Can Take At Work Or At Home To Avoid Being Hacked

1. Beware Phishing Scams – Don’t Open Attachments Without Thoroughly Vetting The Sender;

Phishing scams; emails that purport to be from a known and trusted source but are actually sent by hackers trying to persuade you to open an attachment, are commonplace today.

Email is a favoured means of attack for hackers because it is so universal, and we tend to open emails and attachments without thinking twice. In the past year, phishing scams have sent highly convincing fake Apple iTunes purchase statements and HMRC notifications, and then there are emails from friends’ accounts which have been hacked, inviting you to open attachments which contain viruses. Read more

The Shadow Bankers, WannaCry & SWIFT; Could Hackers Upset The Money Transfer Market?

Last week, as we all know by now, the world was rocked by one of the largest ‘hacks’ in history. Known as WannaCry, the ransomware was released by a hacking group known as the Shadow Brokers.

The hack came to the world’s attention when up to 36 hospitals in the UK were locked out of their computer systems, with a ransom demanded – to be paid in bitcoins – or, the virus warned, the data, which included patient records, would be wiped altogether. Read more

Samsung Pay Is (Finally) Available In The UK

It may have been a long time coming, given that Apple Pay has been available for more than two years, and Android Pay for more than 1 year, but Samsung Pay has finally arrived in the UK.

Samsung have been experimenting with different ways to convince its users that it is more than just a mobile device provider, in order to generate additional revenue streams, and Samsung Pay could be the solution. Read more

THE AWFUL TRUTH ABOUT CREDIT CARDS – WE PAY THEM $163 BILLION IN FEES EVERY YEAR!

They may be marketed as convenient, flash, and “rewarding”, but in reality, the credit card trap is one you don’t want to fall into unless you can pay back everything you owe, every month, on time, and without bringing other accounts overdrawn, and which of us, hand on heart, can promise this, especially when there are temptations everywhere, from fashion to food, travel, gadgets, and a million and one subscription based services?

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