Blogs

Wire transfers vs money transfer services

Blog post | September 20, 2023

Wire transfers vs money transfer services: Which is better for transferring large sums of money? In today’s modern world, where everything is easily accessible and available at your fingertips, transferring money across borders has become much easier than it used to be. People have to transfer funds for various reasons, such as paying international tuition fees, purchasing a property abroad, financing a business, or supporting family and friends. However, many individuals […]

Finance

Remittances matter

Remittances matter and have a significant impact on economies around the world. Despite global headwinds, remittances to low- and middle-income countries (LMICs) grew 5% in 2022 from the previous year. The World Bank Migration and Development Brief reports that this growth is sharply lower than the 10.2% increase seen in 2021; however, it still represents a substantial boost for recipient economies. Digital transactions contribute an estimated $148.08 billion to 2023 […]

August 2, 2023

Business Finance

The Rainbow In Your Pocket!

Travel is my family’s therapy. From the incomprehensible chills of Iceland to the sweltering summers of Dubai, we have experienced it all. Whilst Iceland may not possess beautiful beaches of pearl white sands and Dubai might not carry with it any jaw dropping crystalline glaciers, there is one thing every nation in the world has in common: Money. Being the travel fanatics that we are, my father has formed […]

September 23, 2022

Business Finance

The Easy Way – Crosspay!

Exorbitant, strenuous and risky are the first words that come to mind when considering the long-winded process of transferring money overseas. From contacting banks directly, all the way to travelling to the recipient country to deliver funds, people like yourselves scour the web in search of a way to make it all easier. Today is your lucky day. In a socio-economic context, the word “remittance” refers to the money or […]

July 18, 2022

Finance

Different ways to send money abroad

Relocating overseas is a big choice, and one of the most common concerns we regularly get after moving abroad is how to manage money transfers. Choosing money transfer services is a major source of uncertainty and stress. Anything involving money implies second thoughts, which means being uninformed of the available finance providers or transferring money in the event of an emergency. When it comes to money transfers, however, there is […]

December 6, 2021

Finance

Digital finance: Present and future

Digital finance formulates financial services such as payments, money transfers, loans, and remittances at an affordable cost through mobile phones, the internet, or bank cards for all sectors, ranging from multinational financial institutions to basic household needs. It has evolved into the most dependable source for a fast-paced generation; It has evolved as a result of innovators and fintech. And financial inclusion is now considered a requirement in emerging and […]

November 29, 2021

Finance

The Impact of Digital Money Transfers on the World

Today, all methods, including financial, are built with the help of technology, as we are all aware. We have now been introduced to the realm of digital remittances, often known as digital money transfers. Digital remittance has changed our demands for easier and more secure transfers compared to the use of traditional banking systems in the past. Digital remittances have a significant influence on the world. It has evolved into […]

November 26, 2021

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Registered Office at 69 King William Street, London, EC4N 7HR, United Kingdom. Company Registration Number: 11585641. Crosspay Ltd (a subsidiary of Crosspay Group) is authorised by the Financial Conduct Authority (FCA) for the provision of payment services. Firm Reference Number: 720157 and regulated by the HM Revenue & Customs
as a Money Service Business. MLR Registration Number: 12847230