WorldRemit Make Move Into Lucrative Far East Remittance Market After Joining Malaysia Bank Negara’s Exclusive Sandbox Programme

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

We may have returned from Malaysia nearly two weeks ago now, but relations between the Far Eastern Fintech hub of Kuala Lumpur and London are clearly getting even stronger!

World Remit, the London-based money transfer company that says it is handling more than 700,000 transfers to 140 receiving destinations every month, has announced that it is launching in Malaysia. Read more

Thailand’s TrueMoney Continues South East Asian Fintech Firms Push Towards The Unbanked With Move Into Myanmar

TrueMoney, the Thai Fintech company, is to enter the market for mobile money in Myanmar, adding the country to an impressive cross-border network that includes Thailand, Cambodia, Vietnam, the Philippines, Indonesia and Malaysia.

TrueMoney allows its users to deposit cash in mobile accounts or at point of sale outlets and transfer cash via a network of agents either domestically or overseas. Read more

“Top 10” Remittance Receiver & Sender UK Targeted By Hong-Kong Based TNG After Record Raise As Governments Sign Agreement

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

As expected, and following a raise of a record $115 million dollars completed in Hong Kong where the business is headquartered, fintech startup TNG is extending its strategic global money transfer partnership with Tranglo Europe Ltd, the cross-border gateway specialists, into the UK.

At the same time TNG will invest $20 million US dollars in the launch of an accompanying e-wallet service. Read more

The Money Cloud To Provide FX Comparison To 140 Countries Worldwide In Partnership With Mobile & Cross Border Payments Firm First Global Data

press release first published May 9th 2017.

The Money Cloud, a trusted leading provider of overseas money transfer comparison services founded by Emmanuel Addy and Huw Jenkins in 2014, announce today that they have agreed to partner with First Global Data Corp. (FGD) to provide their FX comparison engine and overseas money purchasing services to FDG’s Global Wallets across 140 countries around the world. Read more

Ooredoo Launches Mobile Money Service In Qatar, Partners With Aldar Exchange For International Money Transfers

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

Ooredoo is majority owned by the state of Qatar and one of the largest mobile telecommunications providers in the world with more than 100 million customers worldwide.

The company announced its partnership with Aldar Exchange last Tuesday. It will enable Ooredoo Mobile Money customers to send money directly to international bank accounts, leveraging Aldar’s remittance channels. Read more

Reserve Bank of India Approves Singapore Fintech Startup Instarem For Outward Remittance Services

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

Instarem, the Singapore based fintech startup that specialises in fast, convenient and cost-effective cross-border money transfer has won approval from the Reserve Bank of India to start facilitating overseas remittance from India.

The company say that they will start processing payments as early as November 2017, in partnership with a leading Category I Authorised Dealer (AD-I) as per RBI’s governing conditions. Read more

TNG Raises Hong Kong’s Largest Ever Fintech Funding Round To Develop Blockchain e-Wallet & Overseas Money Transfer Services

Hong Kong’s fintech community are celebrating the biggest Series A funding round in the city-state’s history, and one of the largest to have been completed anywhere in the world.

TNG Fintech Group raised a “record breaking” $115 million-dollar round which values the company at $565 million. The company, which specialises in disruptive technologies such as AI, blockchain, and cashless payments and money transfers, was founded in 2013 and employs around 300 people according to a company spokesperson. Read more

International Payments Firm Smart Transfer Claim World First; Customers Can Swap Currencies, For Free, Over Social Media

A Hong Kong based borderless money transfer firm, Smart Transfer, officially launched its P2P mobile payment platform last week, allowing senders to transfer funds using just a recipients’ phone number, email address, or social media account.

The Company claim the service is unique and could even be a world first. “There is a modern global push towards a digital and cashless society, and we want to fully leverage all digital avenues, such as social media and e-mail addresses, to revolutionise local and cross-border payments,” says Francis Lu, the co-founder and CEO of Smart Transfer, who are based out of Hong Kong. Read more

Everything To Know About International Money Transfers – Infographic

When did the humble infographic become the marketer’s weapon of choice?

Well, we can’t answer that but we do know that, joking aside, infographics are an extremely handy way to swot up on a subject and impress your peers, or in this case, make business or personal finance decisions with all the facts at your fingertips.

So, in that spirit, we present our comprehensive infographic, International Money Transfers Explained”, a definitive guide to your money transfer options. Read more

Emigrating for Work? How To Make Your Money Go Further

With promises of warmer weather, fantastic opportunities, and exciting cultures to explore, it’s no wonder that more than 300,000 people in the UK opt to emigrate to other countries each year. Australia and Canada are two of the top choices for Brits, especially those moving for work purposes, so what are some the best ways to ensure your move goes as smoothly and as enjoyably as possible? Read more

Top 10 Reasons Why People Transfer Money Overseas

An international money transfer is a service that allows you to send money overseas for whatever reason; this can be carried out using your normal retail bank account, international money transfer operators (such as Western Union), FX brokers and peer-to-peer companies. Here at The Money Cloud, we can help you transfer your money internationally, but what are the most common reasons where you would need to use an international money transfer service? Read more

How To Move Money Into and Out Of South Africa

Last week we looked at properties in the Gauteng region of South Africa, from the affordable to the fantasy home, in and around Johannesburg and within reach of reach of “Africa’s Square Mile”, Sandton.

It’s all well and good dreaming of a new life in South Africa (or vice versa – relocating from SA to the UK), but before you can do so there are many hoops you must jump through, one of the main ones being how to transfer money into or out of the country, safely, legitimately, and without giving away a sizeable chunk of it in unnecessary transfer fees. Read more

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?

Is The Future of “Passporting” Brexit’s Biggest Problem?

Goldman Sachs have announced this week that they will begin to move some staff from London to mainland Europe as part of its “contingency plans” to help prepare the investment bank for life after Brexit.

When a major institution like Goldman’s makes such a move, it is hardly surprising, in the current climate that the markets will pay close attention to the reasons behind it. Read more

Overseas Hotel Investment & Management

According to a survey by Tranio.com, the second most popular foreign commercial property type in 2015, after flats, was hotels. However, the hotel business is complex. In addition to finding a suitable property, the most complicated issue an investor usually faces is managing this property. Tranio.com explains how hotel property management is executed, with the profit divided between the owner and the operator. In short, the owner can either manage the hotel independently or hire a management company.

Independent management

Read more

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