When things starts to go wrong for a country, economically, politically, or socially, its wealthiest citizens are usually the first to know, and also the first to jump ship and migrate somewhere else, research from AfrAsia reveals. The bank recently published its Global Wealth Migration Review for 2018, in which
It’s often said that “money makes the world go round”, but in today’s connected world, it may be more true to conclude that, in fact, the world makes money go round. A Buzzfeed expose this week focused on the now famous – for all the wrong reasons – meeting at
Now that the light is starting to fade and the temperature is dropping across the UK and Europe, it may be as good a time as any to reimagine those dreams of emigrating abroad. Many of us have thought about, or perhaps been given the opportunity to relocate abroad. Whilst
Amongst the many disruptive fintech startups that have mounted a sustained attack on banks and money transfer operators’ share of the international money transfer market, TransferWise may be the best known, and certainly the noisiest, trumpeting their bank beating rates via PR campaigns and flash mobs, everywhere from the City
Last month, we looked at the fragmented Indian payments and overseas money transfer market, which, thanks to its size, estimated at over $70 billion, is attracting competitors from Silicon Valley tech giants, disruptive mobile startups, domestic players, and the might of China, a country that is truly mastering micro-payments. We
London based international money transfer company WorldRemit has seen its volumes of transfers to Africa increase by 80% in the past year, and is now sending more than $1.6bn at an annualised rate. The company says that its new proprietary service, launched this week, will reduce the costs of sending
Some people like plastic, whilst others prefer cash. These two payment methods have been around for generations, and, until recently, there has been little to choose between them when it comes to choosing how to pay for goods and services. Today, however, and particularly in the Western world, it seems
At The Money Cloud we have kept a close eye on the Indian micro-payments market. It is fascinating for a number of reasons: firstly, it showcases some of the most advanced fintech being developed anywhere in the world; secondly, it is a model that it is likely to have a
Over the weekend, news emerged that overseas footballers in the UK; of which there is a higher proportion than in any other international football league; have been attempting to hedge against further falls in the value of Sterling. Sterling has fallen around 15% against both the euro and the dollar
Russia’s market for international remittances is set to grow to $68 billion by the year 2021, according to research, with the fastest growing sector being bill payments made by companies, which looks set to double in size over this period.
400,000 British businesses believe they have the capability to export goods, but are not doing so, whilst at the same time, international demand for British goods is growing, the government revealed yesterday. Dr Liam Fox, the International Trade Secretary has used these figures; and the news that British overseas exports
Augmentum, a specialist VC firm that focuses on promising fintech opportunities, made 2 investments last week into early stage, London based companies focused on the SME payments market, as well as a third investment into Duedil, which compiles information on unlisted early stage companies.
This week the pound has hit new lows for the year against both the Dollar and the Euro. Upbeat trade news from the US coupled with rising inflation rates in the UK has seen the pound drop as low as $1.27 against the dollar, whilst weak retail sales figures and
In a bid to calm an explosive domestic property market and create affordable housing for local residents, the New Zealand government has taken the unprecedented step of banning the sale of the country’s existing homes to foreign buyers.
Every six months, the Economist Intelligence Unit publishes its liveability survey – a comprehensive attempt to rank the world’s cities in terms of their safety and stability, healthcare systems, levels of culture and environmental health, standards of education and strength of infrastructure.
Have you ever considered getting your medical treatment abroad? This increasingly popular industry caters for a variety of treatments, from dentistry, to fertility treatment, to cosmetic surgery, to orthopaedics, and is driven by a surprising disparity in the costs of the same treatments in different parts of the world, and
Brexit backlash may have damaged the UK’s reputation for cosmopolitanism, with the referendum result blamed in some quarters on an anti-immigration agenda, but surprisingly, it is Britain that leads the way when it comes to migrating overseas, according to data from the World Economic forum.
Now that Donald Trump has got his feet well and truly under the table at The White House, it is not surprising that there are trade wars been wagered all over the world. Trump seems to thrive on controversy, and he has certainly created plenty of it on the global