Category Archives: Remittance

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

Best Options for Sending Money to Vietnam

Online Money Remittance to Vietnam is Safe and Affordable

The amount of people who send money to Asia is increasing. Nearly 6 million U.S. households send money overseas each year, and the price to do so is more affordable as a result. But when it comes time to send money to Vietnam, many questions can arise such as: What is the best and most affordable way to get money to my loved-ones? What money remittance companies I can trust? Which companies have the strongest security measures in place to protect me?

Continue reading Best Options for Sending Money to Vietnam

Sending Money to Vietnam is Leading to Pop-Culture Consumption Overseas

Money Remittance to Vietnam Fuels Spread of American Pop-Culture

Vietnamese expatriates and their children, especially those living in North America, are having a profound effect on life in Vietnam, according to recent surveys. The money transferring to Vietnam from expats to relatives, combined with the substantial expat investment in Vietnamese businesses, adds up to an astonishing 18 percent of Vietnam’s annual economy. Continue reading Sending Money to Vietnam is Leading to Pop-Culture Consumption Overseas

Remittances to Mexico Rise 4.9% in Q1

Possible Reasons for Rise in Money Remittance to Mexico

Remittances sent to Mexico have been rising steadily over the past few years, according to some encouraging new studies. This past quarter in the first part of 2015 saw roughly $5.7 billion in money remittance to Mexico, which is a 4.9% increase from the same fiscal period last year. The rise in remittance, some experts say, indicates good things about the quality of life in Mexico in 2015. That said, although the Inter-American Development Bank argues that these findings suggest that Mexico’s economy is improving, other facts point to an opposite narrative. Continue reading Remittances to Mexico Rise 4.9% in Q1

Honduras: An Affordable Country to Send Money To

Money Remittance in Honduras

Here’s a key fact you should know before calculating your budget, particularly if you plan to send money overseas. Believe it or not, some countries charge you upwards of 20% or more of the total value of money remittance when sending amounts abroad. Other countries, like Honduras, enjoy some of the lowest rates of any land. You can send money from the United States to Honduras for as little as 2-3% of the total amount. Continue reading Honduras: An Affordable Country to Send Money To

The Benefits of Remittances in Developing Countries

Sending Money to the Philippines, Mexico, India, and beyond

Millions of U.S. immigrants work ferociously hard every day. They engage in this labor in part to be able to send money home to help loved ones pay bills and live a better life. These remittance payments don’t just provide benefits for friends and family members who receive them; they help fuel whole economies! Continue reading The Benefits of Remittances in Developing Countries