I recently returned from an event of bucket-list ticking importance in my life. It may have “only” been Thursday Free Practice, it may have been the cheap seats (home straight, watching the cars come blasting out of Anthony Noges, the last corner) but my brief and surprisingly affordable experience of the 2018 Monaco Grand Prix is definitely one that will stay with me for a long time. Read more “Grand Prix Aside, The Most Sought After Prize In Monaco Is Citizenship By Investment”
Modern technology, and mobile tech especially, is making a multitude of lifestyle services easier to deal with; provided you are up to speed with the latest tap, swipe, scan and track technology, many things, including sending money overseas, can be done faster, easier, and cheaper using apps. Read more “The Best Money Transfer Apps of 2018 So Far…?”
Britain may be on the verge of leaving the EU, but figures from the Office of National Statistics show that Brits made more trips abroad in 2016 than ever before; more than 70.8 million; whilst Britain itself attracted more tourism; 37.6m visits; from overseas, with total tourist spending also at a record high; over £22.5 billion. Read more “Pre-Brexit Britain Attracting Record Tourism Whilst Brits Travel Abroad More Than Ever Before”
London, May 15th
Medifinance, the Intelligent Financial Lender for Healthcare Professionals, and The Money Cloud, an award-winning provider of international money transfer price comparison, are delighted to have agreed a partnership to supply medical professionals with a real-time, sophisticated and reliable overseas money transfer solution. Read more “Medifinance Partners With The Money Cloud To Help Medical Professionals Discover The Best Deals On Overseas Money Transfers”
Brits of all ages, backgrounds and salary brackets flock to Spain every year; some with retirement in mind, others for work or lifestyle reasons. Many of whom, seduced by the Spanish way of life, decide to emigrate permanently to the country. Read more “How To Gain Permanent Residency or Citizenship In Spain? EU Membership Helps, Or Spend Half A Million On Property”
I’ve recently returned from the Costa Del Sol -Benalmádena, to be precise. I am a freelancer, an avid Airbnb’er and, providing I abide by all the various regulations, from time to time, when somebody decides to book my central London property, I can swap London living for some exotic far-flung location. Read more “It’s The Little (Financial) Differences That Have The Biggest Impact When You’re Spending Time Overseas”
When it comes to relocating abroad, British citizens certainly seem to know what they like, and stick to it, if data released by the Office for National Statistics last week is to be believed. Read more “Spain Most Popular Destination For UK’s 0.8m Expats In EU, But Australia and New Zealand Attract Majority of Brits Living Abroad”
We’ve all experienced that sinking feeling we get when we have to visit the cash machine whilst on our holidays and withdraw money. Read more “Why You Should Always Check Your Credit or Debit Card Options Before Spending Time Abroad”
Last month Indian authorities decided to make it mandatory for banks participating in the Liberalised Remittance System, by the terms of which Indian residents can send up to $250,000 overseas every year, to produce daily reporting of all transactions made under the scheme. Read more “Reserve Bank of India To Tighten Up Regulation Of Liberalised Remittance Scheme That Allows Citizens To Transfer $250,000 Abroad Each Year”
If you are looking to buy an overseas property, it’s likely that you fall into one of three categories: Read more “5 Of The Hottest Overseas Property Destinations Making Headlines Today”
Recently we wrote about Tuyyo, a new money transfer app from BBVA bank focused on the world’s most lucrative money transfer corridor – the US to Mexico. This week we learned that the months-old app is already dropping its standard transfer fee. Read more “Tuyyo Money Transfer App Spices Up US to Mexico Remittance By Dropping Transaction Fees”
According to a recent report from auction house Christies, investigating the state of the luxury property market in 2017, the world’s most expensive property can be found in Hong Kong; purchased in 2016 for an eye-watering $270 million dollars. Read more “Deconstructing The Luxury Property Market; From High End Hong Kong To The “Clamour For Glamour” In Canada”
The Spanish bank Santander has announced that it is launching an international money transfer service that will run using blockchain technology in an attempt to take on disruptive fintech startups such as TransferWise and Revolut, who have been eating into banks’ share of a market worth an estimated $600bn per annum. Read more “Santander Breaks The Mould For Banks With Blockchain Based International Money Transfer Service”
Last week we revealed that the remittance corridor between the United States and Mexico is the world’s biggest.
World bank data reveals that the US is the largest global sender of remittances, and Mexico the fourth largest receiver; but now let’s consider how to make international money transfers to and from the world’s biggest remittance receiving country: India. Read more “The Best Options For Sending Money To & From India”
The US Mexico money transfer corridor is, by many measures, the largest in the world. It catered for 13 million migrants, according to data released back in 2014, and data from the same period shows that the US is the largest sender of remittances globally, with Mexico the fourth largest receiver globally. Read more “The Best Money Transfer App For Sending Funds To Mexico Is…?”
It may seem astonishing, especially in a world increasingly viewed through a prism of facts, figures and stats, that the UK does not officially measure remittance flows or international money transfers into or out of the country.
But it is true: according to the University of Oxford’s Migration Observatory, which provides “impartial, independent, authoritative, evidence-based analysis of data on migration and migrants in the UK”, estimates concerning the amount of money that is transferred annually between Britain and the rest of the world vary from approximately £1.5bn, to over £16.5bn – a substantial difference, by any measure! Read more “£1.6bn or £16bn? The Amazing Truth About The UK’s Overseas Money Transfer Industry”
What is it that makes Spain such an inviting destination for those looking to emigrate abroad?
Is it the climate, which, at its best, is the envy of the world? Read more “Sun, Stability & Growth; Why The Spanish Property Market Is Hottest Destination For Overseas Investment In Europe”
Sending money overseas ought to be a straightforward operation, particularly within a modern, tech-savvy society, but from time to time, things can go wrong. Luckily, The Money Cloud is here to help you learn what courses of action to take in the event of a mishap. Read more “What Happens When An Overseas Money Transfer Goes Wrong?”
Recently, 2 Money Transfer giants; Western Union, and MoneyGram, began working with the cryptocurrency Ripple. Ripple is a blockchain based solution that could have been purpose built for the money transfer industry. It is part real-time-gross-settlement (RTGS) operation; a genuine SWIFT payments rival; and part currency exchange mechanism, capable of using its distributed ledger technology to move money across all of the world’s remittance corridors on behalf of businesses, or individuals. Read more “Can Cryptocurrencies Like Bitcoin & Ripple Become The Future of International Money Transfer?”
From time to time, we all catch ourselves daydreaming about our ideal overseas retirement destination.
Of course, many of us take things a step further and end up living that dream. There’s no doubt that the advantages a warmer climate, better healthcare, or a place where your money goes a little further demand serious consideration, and with the world getting “smaller” everyday, it’s never been easier to turn a dream of the perfect retirement lifestyle into a reality. Read more “South America Dominates List of Favourite Retirement Destinations, With Costa Rica Taking Top Spot”