For many Canadians, supporting loved ones abroad is a vital part of life. This financial support, known as international remittances, plays a crucial role in families' well-being across the globe. Whether it's helping with everyday expenses, supporting education, or contributing to long-term goals, sending money internationally allows

Sending money to Africa is a lifeline for many. It fuels the continent's economy by supporting families, funding businesses, and fostering growth. Whether it's helping loved ones meet basic needs or providing capital for a new venture, these financial transfers play a crucial role in Africa&

The term, “the world is a global village” is no longer a novelty or an unrealistic dream for many; as the world has indeed become one through inter-connecting activities including trade, travel, socialisation and so much more.  This interconnectivity has been largely influenced by communication; these days spearheaded by the

Millions of individuals around the world rely on international remittances, the transfer of money by migrants to their families in their home countries. These financial flows play a crucial role in supporting household consumption, fostering investment, and driving economic growth, particularly in developing nations. However, the global economic landscape is

In today’s world of finance, FinTech platforms have come in handy in solving problems ranging from banking to international remittance. They do not seem to be slowing down in their revolution to bring the world of finance to the traction of technology’s pull in the 21st century. In

Cross-border payments are financial transactions that take place between individuals or businesses in different countries. They can be for a variety of purposes, such as international trade, foreign direct investment, or personal remittances. International remittances on the other hand are transfers of money from individuals working abroad to their families

Forget bank queues and complicated forms! Gone are the days when sending money to loved ones in Africa meant navigating a maze of traditional financial systems. Welcome to the era of Mobile Money Magic, where funds zip across borders with the tap of a finger, landing securely in mobile wallets

Cryptocurrency, characterized by its utilization of secure online ledger technology, has emerged as a transformative force in the realm of international money transfers. Within Canada, there is a discernible surge in the adoption of cryptocurrencies, notably Bitcoin and Ethereum, for facilitating remittances. This article aims to dissect the drivers behind

The world of foreign exchange could sometimes feel like a jumble of financial jargon to the average person it is not as mystical as it feels. It is quite simple when you check it out practically. In this article, we shall be demystifying the foreign exchange (FX rates) and how

Nigeria is one of the many African countries that have a significant diaspora population in Canada. With 111,465 Nigerians living in the country as at 2021, it is estimated that Nigerians make up about 23% of Africans living in Canada. Many Nigerians in Canada are skilled professionals working in

International remittances are the sending of money across borders, usually by migrants working abroad to their families and communities back home. These transfers play a crucial role in both sending and receiving countries, boosting their economic and social development as a critical aspect of global financial flows. How Are International

Now that the festive cheer of Christmas and new year is fading, the presents have been unwrapped, and a familiar chill hangs in the air, the dread of everyone that has spent so much of his or her resources enjoying the festivities – it's the January Blues! To break

For families around the world, the new year celebrations transcend the simple turning of a calendar page. It's a time for raucous merriment, quiet reflection, and shared hopes for the future. Yet, amidst the sparkling lights and festive cheers, lurks a hidden reality: for many families, the joyous

Across the globe, families are gearing up for the festive season, a time of joy, togetherness, and giving. But for many, especially those in developing countries, Christmas can also be a time of financial strain. This is where remittances, the money sent by migrants to their families back home, become

Many people the world over, who are interested in finance, economy and technology have probably heard of the term “blockchain” at one point in time or the other. Gradually, this technology is taking firm hold on the system of international remittance.  In this article, we shall be checking out what

The war in Ukraine has had a devastating impact on the country and the wider region. The conflict has caused a humanitarian crisis, with millions of people displaced from their homes and thousands killed.  The full-scale invasion of Ukraine by Russia began on February 24, 2022. As of today, December

Navigating the process of sending and receiving remittances can be a financial lifeline for many individuals worldwide. However, this crucial aspect of global transactions comes with its share of risks, ranging from fraud and high transaction costs to exchange rate fluctuations and concerns about financial security. To address these challenges,

Remittance services are quite important as they facilitate the transfer of funds from individuals working or living abroad back to their families or dependents in their home countries. These services play a crucial role in supporting the livelihoods of millions worldwide, particularly in developing economies. Remittances contribute to poverty reduction,

Remittances, or money sent home by migrant workers, have become a significant source of income for many developing countries. In 2022, remittances reached a record high of $621 billion, surpassing foreign direct investment (FDI). These funds play a vital role in poverty reduction, healthcare, education, and other essential services in

In todays world, basic human endeavours are now going digital. From art to financial transactions. Many are now relying on the prowess of high-level computing, artificial intelligence, machine learning and the internet. In this article, we shall be checking out the impact of digital technology on international remittances from Canada.

Canada has now become one of the leading destinations of the world with businesses and human resources pouring into the country day in, day out. With the impact of interconnectivity and globalisation, these businesses and individuals get to remit monies to various parts of the world for business or personal

International remittances have become a powerful force in today's interconnected world, not just supporting families but also influencing the entire nature of global education. These remittances have acted as a catalyst for more access, higher standards, and wider possibilities in education throughout the world in addition to transferring