The Chinese government is determined to prevent its entrepreneurs from moving large sums of money out of the country, to try to encourage them to reinvest their profits back into the domestic economy. The strategy, however, is proving tough to enforce, and doesn’t always succeed in promoting Chinese interests abroad,
Last year, Sainsbury’s bank moved into the money transfer space, announcing a partnership with MoneyCorp that will allow their customers to transfer up to £100,000 overseas, either online or over the telephone. In the process of setting up the partnership, Sainsbury’s uncovered some interesting facts about why Brits might want
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
Mobile to mobile money transfer is currently the biggest trend in payments. Facebook Messenger Pay has been available for more than 2 years in the US, and finally crossed the Atlantic, launching in the UK and France, in late November last year. Now it’s the turn of Facebook-owned Whatsapp.
Only the United States ($56.3 billion), Saudi Arabia ($36.9bn) and Russia ($32.6bn) sends more money abroad than Dubai’s total of $19 billion, according to the World Bank, so it is no surprise that money transfer firms are scrambling to grab a slice of the action there. MoneyCorp have stolen a
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. TransferWise is targeting “expats, second homeowners, freelancers and more” with a new bank account that allows users to make transactions in 28
This never-ending saga – one that has infuriated the POTUS, Donald Trump, who had received assurances this investigation would conclude before thanksgiving last year – rumbles on. According to the New York Daily News, Special Counsel Robert Mueller has turned his attention to a number of suspicious financial transactions that