When It Comes To Overseas Money Transfer Deals, Millennial Men Are The Ultimate Bargain Hunters

When it comes to hunting the best overseas money transfer deals, it seems that millennial men, amongst all the demographics, are desperate to stay ahead of the game.

Data from The Money Cloud reveals that a surprising 63% of all site visitors are male; accounting for nearly two thirds of all traffic; and that just over 40% of all visitors are aged between 25-34; meaning millennial men really do aspire to be society’s hunter-gatherers when it comes to scouting money transfer deals. Read more

3 Ways To Transfer Money Overseas That Won’t Hurt Your Bank Balance (Plus 3 That Will!)

From overseas weddings, to purchasing property abroad, to sending money to contacts or family members living in a different country, international money transfer is a reality that most of us will face at some point in our lives, and for many of us, it’s a regular occurrence.

So it’s a good idea to get to grips with the basics of sending money overseas. In today’s tech savvy world it is easier than ever to arrange an overseas money transfer, but finding the best deals can be a little trickier. Read more

5 Blockchain Apps That Offer Money Transfer Services For Crypto & Fiat Currencies

Many people consider the blockchain, and the crypto economy, to be the future of the financial industry. The ability to log transactions in a decentralised manner, i.e. without the requirement for a third party regulator, with transactions verified by a network of “miners”, has unleashed a new wave of financial services products built on the blockchain. Read more

Google Tez Launches Bill Payments Service To Spice Up Mobile Disruption In India

To say the mobile payments and money transfer industry in India is crowded is the understatement of the year. Paytm, Facebook, Tencent, through the Hike app, and a thousand other disruptive services are jostling for position in a mobile friendly market, with Whatsapp set to join the battle after soft launching their new payments service earlier this month. Read more

How To Compare The Best Money Transfer Services

The way that we send money abroad has changed almost beyond recognition recently, with the emergence of money transfer apps, instant transfer platforms, and even wearable technologies, that can arrange transfers in a matter of a few swipes.

Although this tech disruption has made the money transfer industry a much better market for consumers, it can still be confusing to navigate through all the noise, and find the best deals. Read more

Silicon Valley’s Hash Cash  & Singapore’s United Overseas Bank Join Forces For Blockchain Based Remittance Service

Singapore and Silicon Valley are arguably the fintech industry’s two geographical titans. Both are renowned for the ability of their supremely well educated and entrepreneurial populations to become early adopters of new technologies and commercial trends, and successfully turn them into globally dominant enterprises.

In Silicon Valley’s case it tends to be technologically advanced and trendsetting media and social media companies that rule the roost, whilst in Singapore, financial acumen, international trade, notably shipping, and now, financial technology are the industries that have helped to make one in every twenty of the City state’s citizens a millionaire, if reports are to be believed. Read more

World Bank Figures Reveals Falling Average Worldwide Cost Of Remittances

Remittance Prices Worldwide (RPW) is an organisation, affiliated to the World Bank, that monitors the costs incurred by those sending money abroad, across all of the world’s major remittance corridors.

Since 2009, when the average global cost of sending money anywhere in the world was calculated at a high of 9.67% of the total amount sent, the figure has been in steady decline, and the good news is that the latest figure, for Q4 2017, records another decrease in price, from 7.21% in Q3 ‘17, to 7.09%. Read more

MoneyGram To Partner With Blockchain Solution Ripple To Trial Faster, Cheaper Overseas Payments

In a deal that ought to bring considerable benefits for both sides, MoneyGram, one of the world’s largest money transfer companies (that was until recently subject to a takeover bid from China’s Alipay), has entered into a strategic partnership with Ripple – a blockchain solution for global payments that works alongside many of the world’s biggest banks. Read more

10 “Mega Trends” That Will Drive The Future Of Payments

The results are in!

Accenture Consulting has revealed the ten trends that they believe will drive the future of payments, thanks to the results of its Payments Pulse survey of 1,500 consumers in the United States – and each trend is intriguing in its own way.

From Gen Z-ers, to the power of “The Network”, to outhinking the “criminals making it their full-time job to out-innovate the payments industry”, it would not be an exaggeration to say that 2018 could genuinely be the most exciting and disruptive year for payments that we have ever known.

In this post we take a look at some of the trends more closely and assess their likely impact. Read more

Fitbit Pay On Ionic; Health Fanatics Can Make Contactless Payments With A Flick Of The Wrist

Fitbit, the health and fitness app that tracks your activity, exercise, sleep, weight and a myriad of other elements all designed to help you feel great in body and soul, is a class leader in a field that, despite the tech world’s best efforts, has sometimes struggled to live up to the hype.

Wearables, and the internet of things were two of the most talked about new tech phenomena of 2016, but this year progress has been teeth-grindingly slow, and public expectations have been dampened somewhat. We will have to wait for our talking fridges, it seems.

There are few standout companies that have successfully implemented wearables and / or contactless / IoT technology and created something life-enhancing and meaningful – but Fitbit is certainly one. Read more

Facebook Messenger Pay Arrives In The UK & France – Infographic Reveals How Brits Feel About Being Paid Back

2 years after it was launched in the US, Facebook Messenger Pay has finally crossed the Atlantic. Now it’s possible to make a P2P transaction across the platform in both France and the UK, simply by tapping the blue plus icon to the left of the chat bar, and choosing the green cash icon.

Facebook said in a blog post that it is “not just the transactional act of paying someone back, it’s the emotional importance of doing so”, and said that this is backed up by research they have conducted on Messenger, which you can see in the infographic below. Read more

Glint – The App That Lets You Buy, Spend & Share Gold – Launches In London

Ever since the global financial collapse of 2008, banks, currencies, and even governments seem to have gone down and down in our estimation – in fact, it’s quite possible that they have never before been held in such low regard.

First the public’s money was used to bail out the banks, then we were forced to accept record low interest rates, high inflation, and “austerity” as the norm.

This financial malaise has carried on for nearly a decade, but, luckily, the emergence of fintech and the disruption of services that it has wrought has suddenly put us all back in charge of our finances. Now it is the banks that must pander to our needs; now, if they slip up, we, the public, have options. Read more

Is The Digital Payments Industry Facing A Backlash From The Pro-Cash Lobby?

If you were to glance at the latest tech or payments industry news, you could be forgiven for thinking that the days of hard currency, or actual, physical, cash were numbered.

But, away from the front line of the digitalisation of all things banking related; bitcoin, e-wallets, online or mobile only accounts; peer-to-peer money transfer services; a group of organisations with a vested interest in the continuing use of physical currency are forming an alliance to secure teh future of notes and coins. Read more

Pay With Google? New Service From Search Giant Unveils Surprise New Feature

It’s probably safe to assume that nearly every person in possession of a credit, debit, or even a store card, has shared those card details with Google on at least one occasion.

Maybe you have made a purchase at the Google Play store. Perhaps you have added a card to Android Pay, or shared your details with YouTube, or almost certainly used them whilst browsing using Google Chrome. Read more

UK Is Third Most Cashless Country In The World, China Sixth, According To New Study

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

The UK is reputed to be one of the most tech-savvy economies in the world, with digital banking, payments systems and finance platforms to rival anywhere in the world.

A new report from Forex Bonuses has ranked the UK as the third most cashless society in the world, behind only Canada, in first place, and Sweden. China, often thought of as the next global leader in fintech disrupted services, thanks to home-grown ecommerce giants like Alibaba and its affiliated payments service Alipay, and mobile wallet integrated full-service apps like WeChat, ranked sixth. Read more

In London, Even IMF Chief Christine Lagarde Is Suggesting Digital Currencies Could Be The Future!

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?”

Are you a sceptic, like JPMorgan Chase CEO Jamie Dimon, or billionaire hedge fund veteran Ray Dalio, or Nobel prize winning economist Robert Shiller, all of whom have bashed bitcoin recently, calling it a “a fraud”, and “a bubble”?

Or are you a “believer”, like Fidelity CEO Abigail Johnson, or even International Monetary Fund chief and economist Christine Lagarde? Read more