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Online money transfer since its introduction has provided such ease for people all over the world and it has become even easier with all the online money transfer companies working all over the world. You can have access to any of these companies that provide their services within your country and […]

How remittances are useful for poverty reduction?

remittance

Remittances are funds that foreign workers send to their families to support them. The flow of remittances all around the world has increased in the previous decades especially for the developing countries. Developing countries like India, Pakistan, Bangladesh, Philippines, etc are the greatest remittance receiving countries as mentioned by different reports. […]

How Can Gambian Government Get The Best Out Of Diaspora Working Abroad?

Gambian Diasporas send money to Gambia, which aids the economy of the country. In an unexpected move, the Gambia’s state holds the first “Consultative Meeting between the Government of the Republic of the Gambia and Gambians in the Diaspora” in January 2012, through its Ministry of Foreign Affairs, International Cooperation, and […]

What Are The Types Of Electronic Funds Transfer To Choose Cost-Effective Approach For International Payments?

Did you ever send money to Senegal through an electronic fund transfer system? A direct deposit, also known as an electronic funds transfer (EFT), is a digital transfer of money from one bank account to another. These transactions are carried out without the involvement of bank employees. There is no need […]

Where Do Africa Positioned In The Race Of Remittance Among Asia And Other Continents?

Every year, expatriates send money to Nigeria in billions. They were using financial services, especially in Africa, Asia, and Latin America. About 231 million people lived outside their birth country in 2013, according to the United Nations, and migrants from developed countries sent home $414 billion in the same year, according […]