Emerging Trends in Payments & Remittance. In recent years, there have been incredible innovations in the payments and remittance industry. From new technologies that allow for instant transfers to more affordable options for sending money abroad, there are several trends that investors and migrants should pay attention to. This blog post will look at some of the most exciting emerging trends in the payments and remittance industry. The current state […]
Introduction With the Pound, we have seen a significant drop in value in recent years. This has many implications for British consumers and U.K. companies and vendors. Here are some highlights of what the weak Pound means for you, as well as tips on how to make the most of this situation: Why is the Pound weak? Uncertainty! The Pound has been steadily weakening against other currencies since the Brexit […]
October 26, 2022
The Evolving Market The international money transfer market is evolving to meet the needs of today’s clients. Digital remittances are one of the fastest growing sectors of the money transfer market. In fact, the Digital Remittances segment is expected to reach US$3.06bn in 2022. The market evolution can be credited to increasing globalisation and the fund transfers from migrant workers to their families. The customers are seeking a quick, seamless and transparent experience. […]
October 18, 2022
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
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
From June 1st, 2022, UK based global fintech payment platform, Crosspay, secures the UK retail money transfer business from iFast Global Bank. Crosspay, a multi-utility cross-border digital payment solutions provider, is now entering the retail sphere. Crosspay’s founders are well established in the elite money transfer world, having previously pioneered several money transfer solutions that are now widely utilized in the industry. Crosspay group has secured the UK Retail Money […]
June 3, 2022
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 […]
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