Your site for international money transfer comparison news and views for individuals and businesses
The International Money Transfer Industry may have changed more in the past decade than at any time in its history.
Moving money abroad has traditionally been an expensive process with only a few options available to sender or recipient. Read more “10 Of The Best International Money Transfer Companies In The World Today – The Money Cloud Verdict”
World Remit are teaming up with the Bank of the Philippine Islands (BPI) to make it possible for the Philippine diaspora to send money home to families and loved ones instantly via their mobile phones or computers rather than using a traditional bricks and mortar store, the company announced last week. Read more “World Remit Secures Partnership To Provide Instant Money Transfers in Philippines, & Nevada”
The Money Cloud, the original and best overseas money transfer comparison site founded by industry pioneers Emmanuel Addy and Huw Jenkins, today announces an exclusive partnership with City Forex to help travellers order their travel money online, and have it delivered direct to their office or home. Read more “The Money Cloud Partners With City Forex To Provide The Ultimate Hassle Free Travel Money Ordering Service”
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 “International Payments Firm Smart Transfer Claim World First; Customers Can Swap Currencies, For Free, Over Social Media”
Unemployment rates in Britain are lower than at any time since the 1970s, and according to a survey conducted by recruitment agency Adecco, employers plan to hike wages by 1% over the next year, after a 1.5% increase in the first half of this year.
But despite this, British workers are likely to become worse off, because inflation rates are stubbornly refusing to come down, and the Bank of England have no immediate plans to increase interest rates. Read more “The Real Wage, Inflation & The Falling Pound; Are Brits getting Poorer?”
It’s amazing to think that the Bank of England has not raised interest rates for more than a decade, but then nobody expected the credit crunch, quantitative easing, or indeed the “age of austerity” that George Osborne introduced during his time as chancellor.
That’s a lot of jargon to digest, but digest it we have, with the result that most of us have tightened the purse strings and tried to take a more frugal approach to our finances.
The big question now is, how much longer will we have to endure this financial stasis? Read more “Should The Bank of England Bite The Bullet & Finally Hike Interest Rates?”
Britain in Debt? The signs are not good. According to an article in today’s Times, the balance of Britain’s credit cards as a whole is closing in on £70 billion pounds, unsecured credit lending is increasing year on year, and the rise of concepts like payday loans and un-arranged overdrafts are causing consumers to fall further and further into debt. Read more “Are Heavily In Debt Brits Flirting With Financial Disaster? 5 Tips To Help You Survive”