California based blockchain instant payments platform Ripple has emerged as the leader of a vanguard of decentralised ledger payments solutions that is threatening the hegemony of current FX payments solution incumbent SWIFT.Read More →

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. WeRead More →

Filipino workers in Hong Kong, of which there are more than 180,000, received a potential boost to their finances this week as Jack Ma, the billionaire co-founder of Alibaba, which counts fintech firms Ant Financial and Alipay as subsidiaries, made good on a promise he had made years ago toRead More →

It’s been an eventful week in the world of international money transfer. Whilst Trump launches trade wars with Europe, China, Canada, and Mexico (to name a few), which is guaranteed to lead to tricky exchange rate calculations for many businesses (don’t forget to check the latest rates and save upRead More →

Modern technology, and mobile tech especially, is making a multitude of lifestyle services easier to deal with; provided you are up to speed with the latest tap, swipe, scan and track technology, many things, including sending money overseas, can be done faster, easier, and cheaper using apps.Read More →

There is nothing unremarkable about a shipment of soybeans from Argentina to Malaysia; nor is it surprising when a transaction of this nature is financed using a letter of credit, issued by one bank, on behalf of the buyer, to another.Read More →

Mitsubishi Corp and Mitsubishi UFJ Financial Group are the latest major financial institutions to announce they will be launching an international money transfer system built on the blockchain. Specifically, the firms will be using the distributed ledger technology developed by California based Ripple, which has also been trialled by theRead More →

DBS, the Singapore based bank with a network of 280 branches across 18 key markets in Asia, today announced a partnership with bank messaging service SWIFT to use its Global Payments Innovation service (gpi) to offer 200,000 corporate and SME clients increased transaction visibility and speed for their overseas moneyRead More →

The Spanish bank Santander has announced that it is launching an international money transfer service that will run using blockchain technology in an attempt to take on disruptive fintech startups such as TransferWise and Revolut, who have been eating into banks’ share of a market worth an estimated $600bn perRead More →

Last week we revealed that the remittance corridor between the United States and Mexico is the world’s biggest. World bank data reveals that the US is the largest global sender of remittances, and Mexico the fourth largest receiver; but now let’s consider how to make international money transfers to andRead More →

Recently, 2 Money Transfer giants; Western Union, and MoneyGram, began working with the cryptocurrency Ripple.  Ripple is a blockchain based solution that could have been purpose built for the money transfer industry. It is part real-time-gross-settlement (RTGS) operation; a genuine SWIFT payments rival; and part currency exchange mechanism, capable ofRead More →

This content is sourced and brought to you by The Money Cloud – comparing the best rates for sending money overseas offered by hand-picked, regulated brokers and money transfer agencies. Bitcoin has been the talk of the second half of 2017, but can the digital currency continue to exert the same fascination,Read More →

This content is sourced and brought to you by The Money Cloud – comparing the best rates for sending money overseas offered by hand-picked, regulated brokers and money transfer agencies. price of bitcoin moves so fast these days, that no sooner is a new analysis of the sometimes controversial, often entertaining digitalRead More →

This content is brought to you by The Money Cloud – comparing the best rates for sending money overseas offered by hand-picked, regulated brokers and money transfer agencies When it comes to debating digital currencies, increasingly it seems to be the case that we must ask “whose side are you on?” AreRead More →