Tag Archives: remittance

Nepal Rasta Bank Considers Reimbursing Remittance Fees

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

Remittance to Philippines Skyrockets

Money Transfers to the Philippines

Filipinos living around the world sent more money home last December than ever before. Cash remittances to the Philippines have grown by 6.6% yearly. These international transactions reached $2.317 billion in December — the most the Philippines Central Bank has recorded since 1970! Continue reading Remittance to Philippines Skyrockets

How to Send Money to the Philippines

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

Increase in Domestic Immigration Means Remittances Will Rise

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

How Migration Influences Remittance

Transferring Money Around The Globe

Remittance patterns across the globe tend to follow patterns of migration.

The spread of globalization has accelerated migration trends and indirectly influenced many industries, including the remittance industry. Per the United Nations, 230 million people lived abroad (outside their home countries) in 2013. Per the World Bank, “remittances sent home by migrants to developing countries are equivalent to more than three times the size of the official development assistance.” Continue reading How Migration Influences Remittance

Vietnam Money Remittance

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

The Top Countries Sending Money Remittance to India

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

Why Young Americans Are Behind on Personal Finance Skills

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

Enhanced Exchange Rate

Refer your friends to Lucky Money and get enhanced exchange rate on every transaction you send.
The more money your friends send, the better your exchange rate will be.

Reward Level Increase on Exchange Rate Aggregate Transfers by
Qualified Referrals
Cap on Transfers at the
Increased Exchange Rate
Gold +.10 bonus $10K-$14,999.99 $10,000.00
Silver +.05 bonus $15K-$24,999.99 $15,000.00
Bronze +.03 bonus $25K- over $25,000.00

Example: All of your referrals have sent money this year totaling $17,500. This means your reward rank is Silver level. You will receive +.05 increase on exchange rate to the current exchange rate. You can send up to the Silver Cap on Transfers at the +.05 increased exchange rate.

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Lucky Money September Newsletter

Money Remittance Newsletter

Lucky Money Remittance
Convenient Service to Vietnam!
You can now send money to Vietnam as well as Philippines, India, Mexico, and more than ten other countries. Refer your friends to earn rewards. View All Countries

Money TransferLowest fees in the industry!
For first-time customers, the fee is waived ($0) when paying with your bank account and your recipient receives the local currency at the destination country. Tell your friends!

How do I send moneyLike us on Facebook, Get a $5 bounus!
Log in to your LuckyMoney.com account and find the link in your dashboard to ‘Like’ the LuckyMoney Facebook page. You can earn a $5 bonus! Learn More

News Headlines from FilAmStar

Danny Garcia next for Pacquiao
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