Travelling Malaysia Part IV: Getting To Know The Local Entrepreneurs

I began my last post in this travelling Malaysia series by saying that the more time I spent in Kuala Lumpur, Malaysia, the more I liked it.

Well, forgive me for sounding like a broken record, but a few days on that rings even truer!

I think that the first week to ten days in any city is not enough time to really get to know a new place – which is a shame because a week to ten days is all most of us get when we spend time abroad. Read more

Travelling Malaysia Part II: A Singing Washing Machine & The Fintech Startup Scene

Edmund Ingham, PR and Content Manager at The Money Cloud on how the government is supporting fintech in Malaysia and the startups to watch.

After 10 days in Kuala Lumpur I’ve finally got over the jetlag (it really can take that long) and I’m becoming acclimatised to the tropical heat. Kuala Lumpur has so much to offer every type of traveller, from its hipster cafes, to its bustling centre, to the Batu caves and the giant Buddha that sits beside them.

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Infographic – The Money Cloud Recommends The Best Money Transfer Apps

If you are still using Western Union, Ria or your Bank to send money abroad, where have you been for the last decade! Times have changed, and tech disruption has made the process of sending money overseas a far more straightforward, efficient, and cheaper process, with the added bonus that you can shop around for the best rates and services.

In that spirit, we present 8 of our favourite money transfer apps, which you can download and use on the go with a smartphone, or at your leisure, saving yourself money in the process. Each one has different features to consider, but we’re sure that somewhere in this list you will find the one that’s right for you.

To compare rates from FCA authorised brokers as well as some of the best-regarded money transfer agencies like TransferWise or Azimo, why not try our money transfer comparison engine?

Sending Money Abroad – Top 5 Things To Check Before You Click Send

There are all sorts of reasons to send money overseas, but whether it’s for business reasons; 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. Read more

Free trade: the key to unlocking Africa’s economic potential?

Economic integration isn’t a new concept to Africa; sub-regional markets have emerged throughout the continent since the ’60s. But while there hasn’t been as much integration in the past few decades as many leaders would like, that’s looking set to change. A recent African Union summit set a 2017 deadline for the creation of a continental free-trade area, building on the Tripartite Free Trade Area (TFTA), which covers 26 countries.

Today we’re looking at what such an expansive free-trade area could mean for Africa’s social and economic development. If it manages to propel to some of the world’s poorest countries towards prosperity and stability, it has every chance of shaking up the global economy and foreign exchange for the better. Read more