Category: Finance
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The Impact of Exchange Rates on Your International Transactions
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The role of international trade in the Indian economy has grown over the last few years. Whether you are an entrepreneur willing to develop your business beyond national borders or a person who wants to transfer money to your relatives living abroad, understanding exchange rates becomes a vital element. A small change in exchange rates…
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How is Technology Revolutionizing Cross-Border Financial Services?
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Technology is a true game changer, as it has often brought about disruptive changes in traditional financial services, which have ultimately created new opportunities. The digital revolution has empowered consumers to browse and shop for financial services right on the spot. Technology has become invaluable in cross-border financial services by increasing security, efficiency, and accessibility…
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Why Choose a Neo-Bank for Your International Banking Needs?
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The new trend is that digital-first banking solutions come first when it comes to looking after the international banking needs of individuals and businesses. The neo-banks have relied on technologies to substitute traditional banking systems by offering an economical and easily customizable user interface. Statista’s projections suggest that by 2024 the transaction value of neo-banks…
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The Future of Digital Remittance: Trends to Watch
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The world has become borderless by opening its doors to millions of migrant workers. These migrant workers have changed the economic landscape of the countries by remitting money to their loved ones across borders. According to World Bank reports, the total of remittances in 2022 is expected to be approximately USD 774 billion. Moreover, projections…
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3 Tips to Minimize International Travel Tax in India
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Are you planning an international trip with your family? Then, you should check out the new tax regime upon TCS (Tax Collected at Source) on international travel that came into effect on October 1, 2023. If you purchase international travel packages totaling above INR 7 lakh per fiscal year, either through offline or online booking,…
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Essential Financial Services for Global Indian Entrepreneurs
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The spirit of entrepreneurs is crossing borders by disrupting the industry with their new start-up ideas. To make their cross-border business effective, the need for robust financial services plays a crucial role. A statutory expert is required to navigate the complexities of cross-border transactions, investment strategies, and regulatory compliance. In this blog, we shall explore…
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The Advantages of Contactless Remittance Services in a Post-pandemic World
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COVID-19 changed the way we perceive the world forever. Every aspect of life underwent numerous changes, including how we make payments. When social distancing became the norm, the pandemic predominantly accelerated the shift towards digital and contactless solutions across all industries globally. What is contactless payment? Contactless payment is the process of wirelessly completing a…
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The Ultimate Travel Companion: Forex Card Vs Cash
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International travel is on the rise, and it certainly magnifies the debate as to whether Forex cards score over cash as the preferred financial tool for exploration. Convenience, security, and cost are the bywords of today’s discerning traveller, hence the decision to use one over the other. With such a dynamic landscape, the differences between…
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Unlocking the Power of Cross-Border Payments: The Must-Have Apps for Indians
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International money transfers have gained enormous importance in today’s global economy. This enables people and companies to send money from one region of the globe to another without any difficulties. The demand for secure and quick cross-border payments is growing exponentially because of global integration. Whether you decide to travel abroad or send money back…