In 2012, I answered a question on Quora, How will money transferring between countries look in five years? I did not edit or touch the answer in any manner for five years. Well, now that the 5 years are up and over with, let’s do a check on where I was right and where I was […]
Because of its disruptive nature, Bitcoin and other cryptocurrencies sit very uneasily with the traditional banking sector as there is a fear the digital currency could render them obsolete. The UK boasts about its relative dominance in the fintech sector, but its own banks are making life difficult for the country’s bitcoin businesses. Source: Bitcoin […]
Episode 7 – What factors are important to you when sending money abroad? When choosing a money transfer company, what are top things one looks for? Well, worry no more. Having interviewed over 1,700+ people, here are some findings.
This is particularly noteworthy, because even though Delaware is a small state, the majority of all corporations in the US are based in Delaware. Source: Delaware Approves Tracking of Stock Ownership on Blockchain, Major Effects
What will happen to payments in the future? Will people prefer digital currencies like Bitcoin over traditional payment methods? This paper from Rand takes a look at some o these questions. As forms of transaction become more technically complicated, ensuring that the public understand the risks and impact of various forms of digital transaction […]
Episode 5 – Money Transmitter License Agent If you are trying to be an agent of someone else’s money transmitter license, you might want to know about this.
IFAD’s report is the first one to take into account remittance trends from 2007 to 2016, spanning ten years of money sent by migrants in the US, UK, and Europe to their families back home. Migrants are sending home billions of dollars more than they did a decade ago — and the rate of growth […]
HSBC published a study of more than 12,000 people in 11 countries into global technology perceptions and habits around two weeks ago. The report highlighted many contradicting attitudes in people. One thing that I found interesting is the varying attitudes according to geographic locations. The figure above represents the percentage of people who think: “I […]
Global Money Transfer Report Whenever FT Partners puts out a report, you know it is worth the weight in paper! You want to print it and devour each word, each sentence, each number and each infographic. In early May (2017), FT Partners released the Global Money Transfer: Emerging Trends & Challenge report. The 185 page report […]
How to Start a Money Transfer Agency Money transfer agencies allow you to accept money from a client and transfer it to an institution or individual somewhere else in the world. They make money by accepting a fee or portion of the transferred amount as payment for the service. Money transfer agencies range from massive […]