What Is The Annual Remittance Of Nepal As Compare To Its Neighboring Countries?

Do you know how Nepalese send money to Nepal from abroad? Nepal is one of the world’s top remittance recipients (as a proportion of GDP). For a small landlocked economy ravaged by a decade-long Maoist insurgency (1996–2006), prolonged political turmoil, a sluggish growth rate, and massive migration of youths seeking jobs […]

What Are The Up And Downs In Nigerian Foreign Direct Investment During Recent Couple Of Years?

Each year people send money to Nigeria for Investment and trade. After Egypt and Ethiopia, Nigeria is Africa’s third-largest FDI recipient. The country is one of Africa’s most exciting growth poles, attracting a slew of investors in the hydrocarbon, energy, and construction sectors, among others. The effects of the oil counter-shock […]

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 […]

Expatriates Pump $15 Billion A Year Into Bangladesh’s Economy As Remittance— But At What Cost?

Bangladeshi diasporas send money to Bangladesh to support their home countries economy. Bangladesh’s past is a migration tale. For decades, people in the Bengal delta area have been on the move. The origins of modern labour migration can be traced back to colonial times. Approximately 500,000 Bangladeshis flee the country each […]

How Small Vendors And Individuals Can Benefit From Digital Payment?

The Bangladeshi government is making efforts to encourage expatriates to send money to Bangladesh from abroad. To facilitate interoperable transactions for all accounts of conventional banking and mobile financial services (MFS), the government will introduce a digital transaction framework with a single payment interface. The platform would allow for cross-platform transactions, […]

Do You Believe Your Bank Charges Hidden Fee For International Money Transfer?

People and companies can quickly receive & send money to Nigeria and worldwide by transferring money electronically. Wire transfers and online transfers are two of the most common electronic transfer methods (also known as internet money transfers). Banks aren’t the only places where you can send money internationally. In reality, using […]