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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10 Of The Hottest Destinations To Buy Property Overseas

In our recent series of articles we have looked at how to open a bank account overseas, how to arrange an overseas mortgage, and how to calculate tax on an overseas property.

So, with the hard work done, let’s indulge ourselves a bit and take a look at some of the best overseas destinations for property buyers, and some of the hottest properties on these markets. Of course, we cannot cover all of the best properties or give you all the facts in just one article, and we would urge you, wherever you do decide to buy, to take good advice and complete as much research as you can before you make a purchasing decision. But that said, this could be a great place to start your search!

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How To Calculate Tax On Your Overseas Property Income – Advice From The Money Cloud

This content is brought to you by The Money Cloud – comparing the best rates for sending money overseas offered by hand-picked, regulated brokers and money transfer agencies

In a recent series of articles, we have been looking at the possibilities of relocating abroad, and in this section we’ll be looking at paying tax on an overseas property, or properties.

A spell abroad can be an enriching experience for solo travellers, workers, families or retirees, but to make the most of the experience, and avoid the pitfalls, its best to know from the outset where you stand financially – this will not only give you peace of mind and leave you free to enjoy everything a spell overseas can offer, but also opens the door to exciting opportunities, such as acquiring a property while you are abroad. Read more

How Can I Secure A Mortgage On An Overseas Property? An Overview By The Money Cloud

Most of us have been tempted, or even given serious consideration to buying a property overseas at one stage in our lives, and rightly so!

For some of us the temptation is just a passing fancy; but for an increasing number what can seem like a wild and exotic decision at first can be, provided you do your research thoroughly, rooted in good sense, and not nearly as hard to achieve as some people will try to convince you it is.

If you are committed, sensible, realistic about what is achievable and know who you are dealing with, you may be surprised by how straightforward it can be to acquire a wonderful property abroad using a mortgage product. Read more

I’m Moving Abroad – Should I Open A Local Bank Account?

A local bank account can be a lifesaver when relocating abroad.

Relocating abroad is something that many people will do at least once in their lives, and generally speaking, it is a valuable life experience that allows you to experience a new culture, enhance your career prospects and even make you a more well-rounded person.

Even in today’s modern, digitalised world, however, there are certain hurdles that you must jump through and rules to comply with that you must understand if your stay abroad is to be a success. Read more

Is Santander’s 100% Digital Openbank A Template For The Bank Of The Future?

Santander launched its latest product, the “100% digital” OpenBank last week amidst much fanfare and some bold new features and promises. Currently it is only available in Spain, but is expected to be rolled out internationally soon.

So, after 15 months in the making, and having been re-built from scratch, can this re-launched product of Santander’s be seen as a blueprint for the way the bank accounts of the future will operate? Read more

TerraPay & Yes Bank Partnership Allows Migrants To Make Real-Time Money Transfers To India

India is the world’s largest receiver of remittance inflows; some $62.7 billion was sent in 2016-17 – more than the total Foreign Direct Investment (FDI) into the country.

Now, thanks to a partnership between mobile payments provider TerraPay and private sector lender Yes Bank, India’s diaspora will be able to make instant cross-border money transactions into the country.

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A Goldman Sachs-backed Digital Payments Startup Just Launched A Fee-Free Money Transfer Service

It seems we may well be heading towards a world where, when sending money internationally, the only thing we need to concern ourselves with is the exchange rate – because transaction fees are rapidly being consigned to history.

Starting from today, Circle, a money transfer service and app that allows its users to ping money to one another using a mobile messaging service, is introducing fee-free person-to-person (P2P) money transfer services for users in the UK, Spain, and the US. Read more

The 5 Best New Services For Sending Money Abroad

Over the past few years, thanks to the rise of a number of disruptive Financial Technology, otherwise known as FinTech businesses, it has become far easier, and cheaper to send money overseas.

Until recently most of us would have used either a wire transfer agency, such as Western Union or Ria Money Transfer, or a high street bank to send money internationally, but there were 3 major drawbacks to this approach. Read more