General Blogs

Every day millions of transactions (Remittances) are done worldwide. People living in abroad use different platforms for sending money home. Most people ignore the key factors which play important role in Remittance.   Eventually when they bear the loss of hard-earn money then they realize the mistakes done in carelessness. Here we will discuss all those factors that must be taken into consideration before making any transaction. Exchange Rates The exchange rate is the value of one currency to the value of another currency for the purpose of conversion. As usual, remittances are made by ex-pats living overseas to their homes and there is a 100% possibility that both countries might have different currencies and values of currencies in the international market. So, it is advised for everyone to research the remittance companies which are offering the best exchange. Transaction Fee As an overseas, you must consider the transaction fee before doing remittance. Because most com...

  The advancement in technology drives us towards digitalization as transferring money by cash, bank draft or money order seems like an outdated scenario. These methods are now becoming less famous and everyone is shifting towards digitalization. That doesn’t mean it is the end of traditional methods of transferring money. But if cost is your concern then there are various options for digital money transfers around the world. Let’s have an overview of the 3 economical ways of sending money internationally . Wise This company is the famous in remittance industry with its offering in the market. It is a worldwide accepted company and people show trust in its services. Legal Presence Wise is a FinCEN registered company which is a government-owned regulated body based in the USA that monitors the work of the companies. Network More than 80 countries of the world are part of the network of the Wise company. People living in these countries can send and receive money with the...