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 to help his Filipino friends spend less on fees when sending money back home to friends and relatives. Read more “Ant Financial Introduces Low Cost Blockchain Money Transfers for Lucrative Hong Kong Philippines Remittance Channel”
2 London startups who both enjoy stellar reputations as customer focused, tech savvy disruptors of their big bank rivals are joining forces to launch an international money transfer service. Read more “2 Of London’s Trendiest FinTech Startups Join Forces For International Money Transfers”
Summer is here, and although it’s an opportunity to enjoy some rare sunshine (for those of us based in the UK), it also tends to give many of us itchy feet. Whatever you plan to do with your summer holidays, or even if you are considering upping sticks and embarking on a long term travel adventure, it helps to have the right resources to hand.
We have selected 5 travel blogs that will put you firmly in the know, introduce you to new experiences, and prepare you well for your next travel adventure. Who, knows, after spending time on some of these five sites, you may never want to come back! Read more “5 Inspiring, Must-Read Blogs For International Travel Enthusiasts”
Ever since Britain joined the European Union in 1973, property in London has represented about as sound an investment as anybody could hope for. But now that Britain is set to cut ties with the EU, is the city’s property market about to suffer a correction, and is it worth looking at alternative options? Read more “If The London Property Market Is Creaking, Does It Make Sense To Start Looking Overseas?”
In a recent article in Finextra, Lakshmi Narayanan at Travelex discusses the contrasting approaches taken by the Pakistan and India governments to the problems inherent in their countries remittance industries.
India is the largest market for inbound remittance in the world, receiving more than $72bn of inbound money transfers from overseas, whilst Pakistan also has a large inbound remittance market worth around £19.3bn. Read more “Cheaper, Faster Overseas Money Transfer Options Are Inspiring Customers To Embrace Digital MTOs”
Prince William told The Times last week about how he recognises the importance of Britain’s SMEs trading overseas, and praised the Commonwealth, describing it as “the mother” of all business networks. Read more “Duke Of Cambridge Gives Exporting SMEs Royal Seal Of Approval Ahead Of International Business Festival In Liverpool”
I recently returned from an event of bucket-list ticking importance in my life. It may have “only” been Thursday Free Practice, it may have been the cheap seats (home straight, watching the cars come blasting out of Anthony Noges, the last corner) but my brief and surprisingly affordable experience of the 2018 Monaco Grand Prix is definitely one that will stay with me for a long time. Read more “Grand Prix Aside, The Most Sought After Prize In Monaco Is Citizenship By Investment”
Research published by the Higher Education Policy Institute (HEPI) and Kaplan International Pathways has revealed that international students in the UK are worth more than ten times more than the costs associated with supporting their studies; £68,000 per typical EU-based student, and £95,00 per non-EU student – a total of more than £22 billion overall. Read more “International Students Worth More Than £22 Billion Net To UK Economy, Report Reveals”
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 up to 80% on fees using The Money Cloud), there has plenty of activity in the consumer international payments market too.
Here’s how the big stories have broken down in the past week or so. Read more “The Week In International Payments; Partnerships Galore, & Currencies Direct Tests Blockchain Solution”
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 “The Best Money Transfer Apps of 2018 So Far…?”
Britain may be on the verge of leaving the EU, but figures from the Office of National Statistics show that Brits made more trips abroad in 2016 than ever before; more than 70.8 million; whilst Britain itself attracted more tourism; 37.6m visits; from overseas, with total tourist spending also at a record high; over £22.5 billion. Read more “Pre-Brexit Britain Attracting Record Tourism Whilst Brits Travel Abroad More Than Ever Before”
London, May 15th
Medifinance, the Intelligent Financial Lender for Healthcare Professionals, and The Money Cloud, an award-winning provider of international money transfer price comparison, are delighted to have agreed a partnership to supply medical professionals with a real-time, sophisticated and reliable overseas money transfer solution. Read more “Medifinance Partners With The Money Cloud To Help Medical Professionals Discover The Best Deals On Overseas Money Transfers”
Donald Trump rose to power in the US in large part due to his promises to revitalise and grow the country’s economy, and business and trade and industry infrastructure. Whilst, where Trump is concerned, it is almost impossible to separate the reality from the “fake news”, many indicators have provided evidence of an upturn. Read more “The World’s Most Competitive Economies? A Superpower, Followed by 2 City State’s, IMD Rankings Reveal”
Brits of all ages, backgrounds and salary brackets flock to Spain every year; some with retirement in mind, others for work or lifestyle reasons. Many of whom, seduced by the Spanish way of life, decide to emigrate permanently to the country. Read more “How To Gain Permanent Residency or Citizenship In Spain? EU Membership Helps, Or Spend Half A Million On Property”
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 “World’s First Blockchain Based Trade Finance Transaction Completed By HSBC Using R3’s Corda”
I’ve recently returned from the Costa Del Sol -Benalmádena, to be precise. I am a freelancer, an avid Airbnb’er and, providing I abide by all the various regulations, from time to time, when somebody decides to book my central London property, I can swap London living for some exotic far-flung location. Read more “It’s The Little (Financial) Differences That Have The Biggest Impact When You’re Spending Time Overseas”
When it comes to relocating abroad, British citizens certainly seem to know what they like, and stick to it, if data released by the Office for National Statistics last week is to be believed. Read more “Spain Most Popular Destination For UK’s 0.8m Expats In EU, But Australia and New Zealand Attract Majority of Brits Living Abroad”
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 the likes of Western Union, MoneyGram, the Saudi Central Bank, and China’s Lian Lian bank. Read more “Japan’s Mitsubishi Corp & Financial Group To Build International Money Transfer Network Using Ripple’s Distributed Ledger Tech”
Although Europeans make up only 10% of the global population, the region is home to 20% of the world’s migrant workers; around 50 million people; who between them send over $110 billion per annum back home to families and loved ones, according to research from the International Fund for Agricultural Development. Read more “Inside Europe’s $110 Billion Migrant Remittance Market”
We’ve all experienced that sinking feeling we get when we have to visit the cash machine whilst on our holidays and withdraw money. Read more “Why You Should Always Check Your Credit or Debit Card Options Before Spending Time Abroad”