Tag: managing finances
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The Role of Neo-Banking in Facilitating Global Education
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Neo-banks are making banking easy for students abroad. The last few years have witnessed a surge in the number of students who have opted for online banking, because managing finances via mobile or web platforms has become more convenient for them. Key figures say that the industry can achieve growth rates of 24.6% annually and…
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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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Navigating Cross-Border Payments: A Beginner’s Guide
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Cross-border transactions play an important role in economic growth. Whether you are collaborating with overseas companies or a business owner looking to broaden your reach in foreign markets, having expertise in international payments is crucial. Novices venturing into transactions typically require elementary proficiency in currency exchange principles and an understanding of global regulatory frameworks. Such…
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5 Reasons To Use HOP Remit App For Sending Money Abroad
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Can you imagine your grandparents yelling at a stupid fax machine, trying to figure out some cryptic banking form to send a few lousy bucks to your friend overseas? That was truly an unappealing age of financial transactions. Today, we have wire transfers, bank transfers, and money transfer apps that have changed the game completely.…
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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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How To Choose The Right Financial Partner For Your Overseas Education
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You may be keen to discover what life is like while studying abroad and become impressed with an unknown culture. It can be a very transformative and life-changing process for some students. However, this is not to overshadow the fact that this life comes with its challenges too, especially monetary struggles. Finding the right financial…
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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…