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Blogs

What Your Remittances Mean to Your Country 

Blog post New   |   November 24, 2022

A hidden engine of globalization is helping to drive the world’s economic growth, and it’s not what you think. It’s remittances! People (including yourself) are sending money back home to support family members and make a global difference. Remittances—money migrants send back to their families in developing countries—are the hidden engine of economic development in many countries.  In some cases, remittances have overtaken FDI, private capital flows and aid as […]

Business

Crosspay Secures the UK Retail Money Transfer Business From iFast Global Bank.

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

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

Finance

Has COVID-19 made money laundering a bigger problem than ever before?

The United Nations (UN) has cautioned the world about how offenders exploited the COVID-19 crisis through immoral distributions of fake medicines, drugs, and vaccines in the market. According to the cases of arrests and investigations around Europe, a well-thought and well-planned fraud scheme using compromised emails, money transfer fraud, and various other cases of money laundering scams has been exposed by local financial authorities and institutions across Germany, Ireland, and […]

November 23, 2021

Finance

How to fight if you fall victim to scammers: Get fraud refund?

Beat the scammers, treat the scammers. Undeniably, it pricks the heart deep inside to get scammed, and a part of you loses the fight against the world. But this should not be the case as it is necessary to teach a lesson to these scammers. Money scammers have been quite frantic and refined while taking advantage of the pandemic in many countries. Sometimes it is too late to know if […]

November 19, 2021

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Registered Office at Queens Court, 9-17 Eastern Road, Romford, RM1 3NH, 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

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