Sending Remittances to Nepal
The Nepal Rastra Bank (NRB) recently asked the government of Nepal to subsidize or otherwise reimburse fees associated with money remittance. Bank officials assert that such assistance may encourage workers to use formal, safe mediums to transfer money. Currently, the country faces a major problem with illegal money transfers and smuggling. Continue reading Nepal Rasta Bank Considers Reimbursing Remittance Fees
Getting Started With Remittance
Maybe you have a family member in the Philippines who needs assistance; or perhaps you’re trying to help out a friend or colleague across the Pacific who needs money to pay for school or for business operations. Whatever your reason, consider using a money remittance service. Thanks to faster, safer computer and internet technologies, this process has never been easier than it is today. Transferring money can take just minutes of your day to complete. Here’s how to do it in a secure fashion: Continue reading How to Send Money to the Philippines
International Money Transfer
Immigrants commonly use money transfer to help their families in their native countries. The recent increase in both legal and undocumented immigration in the U.S. has led to an increase in money remittance at a rate of billions of dollars a year. Experts predict these numbers will continue to rise given the number of immigrants finding work in the U.S. Continue reading Increase in Domestic Immigration Means Remittances Will Rise
Money Remittance Safety Tips
To prevent fraud when sending money, you need to be diligent and use secure networks. Online money transfers are generally affordable and fast, but they’re not always secure. In fact, the explosion of the remittance industry has been something of a double-edged sword for customers. On one hand, the proliferation of new technologies and remittance support services are making it easier for people to support friends and family back home. On the other hand, the success of the industry has attracted some less than ethical companies. Continue reading How to Transfer Money Securely
Money Transferring Increases In Vietnam
Money transfers can help families and businesses separated by thousands of miles to stay financially connected. Both businesses and individuals can benefit from the remittance process — the primary way to send money to other countries outside the United States. Lucky Money provides money transfers to India and other countries in Asia, such as Vietnam. We recently read a report that revealed that the Vietnam remittance industry is expected to reach $5 billion in 2014. That’s an increase of about $1 billion from last year! Continue reading Vietnam Money Remittance
India Receives Highest Amount Of Money Transfers
Remittances have become an incredibly popular practice in recent decades; they’ve even had a profound affect on global migration patterns. International migrants sent $529 billion in remittances in 2012, and India received more money in remittances than any other country on Earth; India reported an astonishing $70 billion in money transfers in India. While the Indian rupee is getting weaker, money entering the economy in the form of remittances from around the world enables India’s economic strength and power. Continue reading The Top Countries Sending Money Remittance to India
Sending Money Online Has Surprising Benefits
In July, workers sent $1.48 billion to their families in Bangladesh, representing the country’s highest-ever month for receiving remittances from migrant workers. Continue reading Remittances Transform Bangladeshi Economy
Money Transfers and Financial Responsibility
The United States may have a reputation of being the “richest country in the world,” but that doesn’t mean its citizens know everything about personal finance. Does your child understand the basics of banking, saving money, or transferring money? The reality is, probably not. A recent survey administered by the Programme for International Student Assessment showed 15-year-old American students received only average marks on questions about financial topics, compared to their counterparts in other countries.
But why are young Americans lagging in personal finance skills? As leaders in the global money transfer market, we believe possible reasons include: Continue reading Why Young Americans Are Behind on Personal Finance Skills
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