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How To Secure Your Mobile Devices From Cybercriminals

How To Secure Your Mobile Devices From Cybercriminals

When looking to secure your mobile devices from cyber criminals, one must first understand that the rapid digitisation of financial services, particularly in the realm of international money transfers, has ushered in unprecedented convenience and accessibility. However, this digital transformation has also created a fertile ground for cybercriminals. Once considered

How To Protect Your Hard-Earned Money Against Remittance Phishing Scams

How To Protect Your Hard-Earned Money Against Remittance Phishing Scams

Remittances are funds transferred by individuals to their home countries. For many developing nations, these inflows surpass foreign aid and investments, serving as a crucial economic lifeline. They support families, fund education, healthcare, and small businesses, and overall contribute to poverty reduction. However, the growing reliance on remittances has made

Sending Money to Refugees As The War In Ukraine Rages

Sending Money to Refugees As The War In Ukraine Rages

The war in Ukraine has caused unimaginable hardship, displacing millions of people and creating a massive refugee crisis. Countless families have been forced to flee their homes, leaving behind loved ones and facing an uncertain future. In these desperate times, even the smallest amount of financial assistance can make a

Latest Trends In Remittance To The Middle East

Latest Trends In Remittance To The Middle East

Remittances, money sent home by migrant workers, act as a vital lifeline for many families in the Middle East. These funds contribute significantly to household income, often exceeding 5% of a country's GDP. They help cover basic needs like food and education, and can even fuel investments in

Remittances: A Powerful Force for African Development

Remittances: A Powerful Force for African Development

Do you know that the total amount of money transferred to Africa through remittances in recent years has surpassed the amount if money received through foreign aid? This means money sent back home by Africans working abroad has become a bigger source of financial inflow than traditional foreign aid. Remittances

Emerging Technologies In Global Money Transfer

Emerging Technologies In Global Money Transfer

When looking at emerging technologies in global money transfers, it is worth understanding that for decades, people found it hard to send money across borders to their loved ones and business partners. The process was a slow, expensive, and inconvenient one as traditional methods, like bank wire transfers, often involved

Optimising International Money Transfers As Eid al-Adha Approaches

Optimising International Money Transfers As Eid al-Adha Approaches

In less than a week, Muslims worldwide will be celebrating Eid-al-Adha. This celebration commemorates the obedience and sacrifice of Abraham when he almost gave his only son Isaac as a sacrifice to God. Eid al-Adha, also known as the Festival of Sacrifice, is a major holiday celebrated by Muslims worldwide.

Optimising Money Transfer to War-Torn Countries

Optimising Money Transfer to War-Torn Countries

Unfortunately for us all, we live in a world that wages war on itself. People, governments, ideologies, corporations and even religious fanatics wage war on others wreaking havoc on entire societies. During and in the aftermath of these conflicts, war-torn countries face a multitude of devastating challenges. Infrastructure crumbles, essential

Traditional Money Transfer Methods Vs Modern FinTech Methods

Traditional Money Transfer Methods Vs Modern FinTech Methods

In the last half century; there was the massive migration of people from less developed countries to more developed ones, looking for a better life with access to better basic amenities and better job and loving opportunities. With this exodus comes the need for these migrants to send money back

Major Problems Online Remittance Platforms Face When Sending Remittances To Southeast Asia

Major Problems Online Remittance Platforms Face When Sending Remittances To Southeast Asia

It is no news that millions of immigrants to developed countries across the world send money back home to support their families. To ensure that doing this is not just possible, but done in a secure, timely fashion without exorbitant charges and all the bureaucracy that most financial institutions do;

How Online Remittance Platforms Protect Their Platforms From Being Used For Money Laundering Practices

How Online Remittance Platforms Protect Their Platforms From Being Used For Money Laundering Practices

Criminals are always looking for new ways to get their illegally gotten money into the financial system; giving continuous credence to money laundering. One of the various ways they can get to do that is by sending some of these illegal monies through remittance platforms to their associates in other

Best Ways To Send Money Out Of Canada

Best Ways To Send Money Out Of Canada

In today's globalized world, sending money internationally is a common need, especially for migrants who wish to send remittances home . However, finding a way around the often complex world of international money transfers can be frustrating, with services coming up with high fees, slow processing times, and security

African Countries with the Most Flow of Remittances from Canada

African Countries with the Most Flow of Remittances from Canada

Remittances are basically an outflow of money from one country to another, most especially from migrants working or living in them back to their home countries. Remittances and their role in the economic well-being of many African nations cannot be over emphasized as millions of African households use remittances as

Banks vs Fintech Companies: The Race to Dominate Remittances

Banks vs Fintech Companies: The Race to Dominate Remittances

In the world of remittances, especially in the last decade, banks have been given a run for their money by vastly multiplying Fintech companies. This trend has transcended into the world of remittance creating a lull in the number of customers depending on banks for their remittance needs; causing some

Remittances After The Rush Of The Festive Season

Remittances After The Rush Of The Festive Season

Many are still reeling from the excitement of the Easter and Ramadan celebrations, but are pained as their pockets are nearly dry of cash. In the world of finance and economics, remittances refer to money sent back home by migrants, often those working abroad. These financial transfers serve as a

The World of International Remittance And Anti-Terror Financing

The World of International Remittance And Anti-Terror Financing

International remittances, the transfer of money across borders, are a vital lifeline for millions of people around the world. Migrant workers send hard-earned money back home to support families, fuel economic growth, and promote financial inclusion. These financial flows, estimated in the trillions of dollars annually, act as a powerful

Optimizing Your International Remittance Strategy: Cost-Effective Money Transfers from Canada

Optimizing Your International Remittance Strategy: Cost-Effective Money Transfers from Canada

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: Understanding Regulations With SanaTransfer

Sending Money To Africa: Understanding Regulations With SanaTransfer

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&

How Social Media Helps Promote International Remittances

How Social Media Helps Promote International Remittances

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

How Recessions Affect International Remittances

How Recessions Affect International Remittances

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

How FinTech Platforms Have Helped Bridge The Gap Between Senders And Receivers Of International Remittances

How FinTech Platforms Have Helped Bridge The Gap Between Senders And Receivers Of International Remittances

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

How Cross-Border Payments are Shaping the Future of International Remittances

How Cross-Border Payments are Shaping the Future of International Remittances

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

Mobile Money Magic: Sending Funds Directly to African Mobile Wallets

Mobile Money Magic: Sending Funds Directly to African Mobile Wallets

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

The Rise of Cryptocurrency Remittances from Canada

The Rise of Cryptocurrency Remittances from Canada

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

Demystifying FX Rates: A Beginner's Guide for Sending Money to Africa

Demystifying FX Rates: A Beginner's Guide for Sending Money to Africa

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