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international money transfer

A collection of 14 posts

Understanding Fees Associated with International Money Transfers

international money transfer

Understanding Fees Associated with International Money Transfers

There are three types of fee that may be applied during an international transfer - one each for the three stages of a transfer. These are: Sending fees, Receiving fees and Conversion charges so let's us tell you what it is.

Breaking Borders for Marketplace Payments

Finance and fintech

Breaking Borders for Marketplace Payments

One of the biggest challenges with international payments and sending money overseas is how slow it is. The extremely ironically named SWIFT system of international bank transfers can take up to and over a week to send any amount of money from one country to another.

How a Fintech Bank Would Tackle Fraud

Finance and fintech

How a Fintech Bank Would Tackle Fraud

Read back any of our previous articles and you will soon notice a common trend - that of the rapid acceleration of everyday life. People want to be able to buy goods from or send money to the furthest reaches of the planet instantaneously

Reconciliation in the Payments Industry: When Money is the Commodity

Reconciliation in the Payments Industry: When Money is the Commodity

Reconciliation is, of course, an absolutely essential process in any business. If the accounts don’t balance then there is a serious problem somewhere that could cost a business its customers and could even be the death knell of the business itself.

The Evolution of Money Transfers

international money transfer

The Evolution of Money Transfers

The transfer of money from one country to another is now such an important process for so many people that it’s difficult to imagine life without it. It’s especially important for developing countries...

Formal vs Informal Remittance Channels

Formal vs Informal Remittance Channels

There are several viable methods of sending money from one country to another - some formal, official and recordable, others less so.

How consumer behaviour shapes trends within the remittance industry

How consumer behaviour shapes trends within the remittance industry

While all services are swayed by their customers and the customer’s experience of using it, this is perhaps more true with remittance than any other player in the payments industry. When you pay a bill, there is little emotional attachment involved - you’ve received a product or service

How to Drive Digital Transformation

How to Drive Digital Transformation

The fact that the world is going digital should be apparent to everyone, particularly in the wake of widespread lockdowns in response to COVID-19. With the option of walking into town to go shopping, go to the bank, send and receive money from overseas or dozens of other small but

The role of remittances in achieving sustainable development growth

personal finance, remittances

The role of remittances in achieving sustainable development growth

With the World Bank estimating that $689 billion dollars was sent home by expatriates and migrant workers around the globe in 2018, the economic impact of remittance is undoubtedly considerable

How the Digital Revolution is Integrating Southeast Asian Customers

How the Digital Revolution is Integrating Southeast Asian Customers

The same way we have gone through the Industrial Revolution, we are now going through a Digital Revolution. This time, the people of South East Asia are not just following, but also leading.

How to Turn AI into ROI

How to Turn AI into ROI

AI has benefit some businesses in scaling their operations. However, most businesses have reported that they have gained very little.

How Does Remittance Even Work?

How Does Remittance Even Work?

Sending money home from Thailand doesn’t sound like it should be a particularly complicated process, right? You have money here, you want it to be somewhere else - how difficult can that be?

Old Money May Talk, But New Money Flies

international money transfer

Old Money May Talk, But New Money Flies

Ever wished it was as easy to make international transfers as it is to make bank-to-bank payments here in Thailand? Well, that future has arrived. With the DeeMoney mobile application, you can send money from your phone anywhere, anytime. Placing digital remittance transfer control back in your hands where it

The Secret to International Transfer Fee Savings

international money transfer

The Secret to International Transfer Fee Savings

Transferring money from Thailand to your home country is a pain point which every expat experiences on a regular basis. But we all have to do it, and the scale of outbound remittances from the Land of Smiles is huge. In 2016, Thailand sent over 4,000 million USD [http: