Category Archives: Online Money Transfer

What Are the Top Countries Receiving Remittances?

Growing Demand for Sending Money Overseas from the US

Sending money overseas to developing nations has become more common in recent years. As the world becomes globalized, people are able to communicate with others in distant countries within the matter of seconds. This has made international exchange more common that ever, and immigrants from developing nations have flown to the US where the job market is stronger and rate of pay higher. Continue reading What Are the Top Countries Receiving Remittances?

Basic Tips To Make Your Retirement Years More Enjoyable

With Careful Planning You Can Afford Sending Money Remittances to Loved Ones AND Retirement

If your “golden years” are fast approaching, you’re probably excited about the prospect of living out your greatest dreams. Maybe it’s time to purchase the beachside vacation home with 20-foot ceilings, or splurge on the sports car you’ve always fantasized over. Maybe you want to spend time traveling the nations, or simply want to learn how to garden. No matter what your dream is, finances have and always will play a role in your ability to fulfill it. For those fast approaching retirees who have loved ones overseas, the habit of sending money abroad to family might stifle the plans they have for a luxurious retirement. Continue reading Basic Tips To Make Your Retirement Years More Enjoyable

What’s the Best Way to Send Money Overseas? Cost and Convenience Comparison.

Sending Money Abroad Through Your Bank vs. Money Remittance Service Provider

With today’s technological advancements and capabilities, sending money abroad is easier than ever. Individuals who send money abroad to family or friends are often faced with many decisions before remittance can take place, and this may cause confusion. Different factors like transfer fees, reliability, transfer time and cost are important elements to consider if you want a loved one to safely and expeditiously receive money. The question often arises of whether or not it’s safer to use a bank or money remittance center to send money abroad. While the final answer does depend on the individual case, consider the following problems with banks the next time you are involved in money remittance. Continue reading What’s the Best Way to Send Money Overseas? Cost and Convenience Comparison.

Why It’s Important for the U.S. Dollar to Remain Top Reserve Currency

Dollar, Yuan, Yen, and Euro Make it Easy to Send Money Online to Other Countries

Sending money online to other countries continues to be a normal practice for immigrants and other foreigners working in the United States. As long as the dollar continues to be the worlds leading reserve currency, the exchange rate between the U.S. dollar and other forms of money will be to our advantage. Continue reading Why It’s Important for the U.S. Dollar to Remain Top Reserve Currency

Remittances to Nepal Rebuilding Homes and Hope

Foreign Countries Sending Money to Nepal find New Ways to Target Populations in Need

People who are sending money to Nepal help to rebuild homes and communities. Researchers from the University of Southampton have teamed up with WorldPop project and Flowminder Foundation to monitor the movement of people affected by the 2015 earthquake in Nepal. By studying anonymous mobile phone data, they can effectively track the displacement of populations and send relief in the affected areas. Continue reading Remittances to Nepal Rebuilding Homes and Hope

California Leads Increase in Money Remittance to Mexico

Unemployment Drops, Exchange Rates Improve, and Money Transfer to Mexico Skyrockets!

Increase of money remittance to Mexico is an indication of a recovering economy, financial authorities say. The first quarter saw a staggering $5.6 billion in remittances sent to Mexico from the United States. According to the Bank of Mexico, money transfer to Mexico has increased 5% compared to last year’s remittances of the same period. California is responsible for sending the most remittances to Mexico with, 1.6 billion dollars sent, followed by Texas and Illinois. Continue reading California Leads Increase in Money Remittance to Mexico

3 Ways to Help Family and Friends with Financial Aid

Financial Aid Helps Pay for College, Money Remittance Makes Up the Difference

For many it’s the American Dream: beautiful home, white picket fence, well-behaved children, beautiful and caring spouse, safe community, an outstanding education and the ideal job. This picture of perfection is the vision for some hardworking Americans, but there remains a sobering reality that can’t be ignored. Making enough money to purchase a home, a vehicle, and eventually to retire often requires job seekers to possess a college degree.  Continue reading 3 Ways to Help Family and Friends with Financial Aid

Sending Money Home – How does Remittance Work?

Lucky Money Discusses Money Remittance to India, Mexico, Vietnam and Others

Remittance, the process of sending money to someone in a distant country, is most common between an immigrant and their relatives or friends in their home country. According to the International Monetary Fund, money remittance can be segregated into two categories:

1) Workers who have lived abroad for over a year
2) Workers who have lived abroad for less than one year

Continue reading Sending Money Home – How does Remittance Work?

How Money Remittance to Nepal Shapes the Country’s Economy

Earthquake Recovery Will Continue to Rely on Money Transfer

When sending money to Nepal, not only are you helping beloved family members and friends, you are playing a vital force in the improvement of the country’s economy. Two key factors that comprise most of Nepal’s economy have historically been generated from tourism, and money remittance.

Continue reading How Money Remittance to Nepal Shapes the Country’s Economy

U.S. Workers Sending Money to India Encourage Foreign Growth

Family Sending Money to India Help to Bolster Indian GDP

As India continues to top the charts for money remittance, their economy is experiencing a healthy recovery. Money transfer to India has been a stabilizing force for their economy in a number of ways. In 2014 alone, $70 million American dollars were sent to India. Not only was this money a welcome contribution to households depending on money sent to them due to lost wages, this cash infusion has positively affected the Indian economy on a macro level.

Continue reading U.S. Workers Sending Money to India Encourage Foreign Growth