For anyone hearing the word remittance for the first time, the terminology can be overwhelming. Due to the various guidelines and relatively newer terms, remittance may sound confusing and challenging, but it is very easy to understand.   Once you understand the remittance meaning, you will know that there are several types of remittance options. A ...

Transferring money or, more precisely, sending money abroad can be done for various reasons. Especially when foreign migration is increasing, mostly among working individuals, the word has gained immense importance and become a household term.  In the article below, we shall discuss in detail the types of remittance- inward and outward. What is Remittance? The ...

The Company Authentic Wine Explorers is a wine importer and retailer that specialises in Burgundy wines. Started in 2012, they are recognised as a pioneer and leader for Burgundy wines in Singapore. They are well known among wine lovers and collectors who range from professionals, managers, executives and technicians (PMETs) to doctors, lawyers, bankers, and ...

Singapore is known as one of the best places in the world to start a business not only because it is ranked first for economic freedom but also because it offers a number of startup schemes and grants that can get companies to get off the ground. We will be looking at all of the ...

Transferring money overseas or within geographic boundaries has become simple these days. Thanks to technological advancements and digitalization, the processing time has been reduced considerably, with limited scope for scams or frauds. One way of transferring money is through wire transfers. Wire transfers allow customers to move money electronically from one bank account or credit ...

Your 20s and 30s are the perfect time to start saving for retirement. Though you may not feel like you have enough money to spare, even small contributions now will add up over time. In order to make the most of your savings, it’s important to invest them in a way that will provide the ...

Be it individuals or businesses, sending money through electronic fund transfer systems (EFTs) has become an accessible and straightforward way for all. Since there are different forms of electronic payments, it may get confusing for many. Two of the most popular ETFs are wire transfer and direct deposit. A common confusion that arises – is ...

There are several options to send and receive money. Earlier, people commonly sent money through physically written checks or made cash handovers. But these methods have been replaced by the electronic system of money transfer. Out of the several ways in which someone can send and receive money electronically, wire transfers are pretty standard.  Wire ...

Any geographical boundaries no longer bind the global workforce in today’s times. Individuals and businesses look beyond their home countries for opportunities and better lifestyles. This has increased international money transfers (commonly called “remittances“). A report by The World Bank states that remittances grew by 5% to USD 626 billion in 2022.  So, if you ...