Insights and advice from our finance experts
When it comes to making purchases online, today’s consumers have access to a plethora of payment options that can vary across the globe. However, one method that is seeing an increase in demand globally is open banking. It has revolutionized the banking payments system by meeting consumer demand for better, faster and more personalized customer experiences.
Businesses send money overseas for many reasons. They may be for ordering goods, giving employees their salary, or even paying customers if they are in sectors like pensions or insurance, for example. However, there are multiple ways in which they can make these international payments. Here we will outline the main methods.
Countries across the world have strict regulations in place to ensure international money transfers are safe and secure. We explain why these regulations are so important, how regulations differ between countries, and what rules apply to various nations around the world.
Over the last few decades, the continued evolution of fintech has disrupted traditional financial services with no sign of dying down. In fact, a new report from Money2020 highlights the emergence of Fintech 2:0 – the post Covid-19 developments of fintech.
Despite incredible progress and developments in financial services over the years, clearing an international cheque still involves many problems. For several reasons, making international cash payments via cheque is a complex experience for both you and customers. Here’s a deep dive into the challenges and how to overcome them.
We live in a global economy where the ability to make international transactions is essential to businesses and consumers alike, as well as the banks and other financial institutions that serve them. Yet, when cross-border payment systems are so important for financial inclusion and growth, why are there still so many challenges to their efficiency?
Today, a domestic bank transfers can almost be instant. But why is it not the same for overseas transactions? Here, we’ll explore how long international bank transfers normally take, and outline how innovative banks are collaborating with fintechs to speed up the process.
Pension companies that still send cross-border payments by bank cheque, must do more to satisfy their customers with faster, more convenient services. Here's what you need to know in order to maintain customer satisfaction.
Whether it’s a global business payment or a personal remittance, money is sent abroad for a variety of reasons. However, unlike a domestic bank transfer, this process isn’t free for the customer. We explain why international bank transfer fees are charged and what factors impact the cost.
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