By mrtjryan on March 6, 2008
When you transfer money overseas you invariably double the complications, currencies and cost compared to sending money within your own country. The two basic costs to transferring money are: The advertised charge including the fee for the transaction and also the hidden charge. The hidden charge usually amounts to not being given a very competitive [...]
Posted in Develop Your Skill
By mrtjryan on March 2, 2008
With over 175 million people living outside of their country of origin, the growing usage of migrant workers and the continuation of globalisation the money transfer market looks set to continue its current growth levels of 10-12% per year. Currently the market is already worth over $250 billion with more and more companies organising new [...]
Posted in Develop Your Skill
By mrtjryan on March 2, 2008
The money transfer at the moment currently runs to well over $250 billion and is set to continue to grow further. Currently the growth rate is at 10-12% per year with no signs of slowing. This is mainly due to increased globalization, more migrant workers and the increased efficiency and security of money transfer companies. [...]
Posted in Develop Your Skill
By mrtjryan on March 2, 2008
The need to transfer large amounts of money overseas is growing and beginning a much more common practice. Whether the purpose is for purchasing a second home overseas, buying a car, for business purposes or simply because you are emigrating the need for safe and efficient money transfer services is growing. One of the most [...]
Posted in Develop Your Skill
By mrtjryan on February 29, 2008
The money transfer industry is steadily growing at about 10-12% per year. This is mainly due to increased migration, globalization and new and improved technologies. One of the latest additions to the money transfer market is worldwide money transfer via mobile phones. This segment of the industry alone is set to become a $8 billion [...]
Posted in Develop Your Skill
By mrtjryan on February 29, 2008
The demand for reliable, efficient and safe money transfer systems has never been greater. Increasing numbers of migrant workers, globalisation and the internet have all helped the money transfer industry to become a US $250 billion per year industry. That figure is likely to increase over the coming years aswell, the current growth level is [...]
Posted in Develop Your Skill
By mrtjryan on February 29, 2008
Here is a money transfer comparison of the different methods to transfer money and some of the main companies offering such services. The three main methods for transferring money overseas are: cash transfers, money orders and bank transfers. Cash Transfers These are done by specialist companies that are able to transfer money around the world [...]
Posted in Develop Your Skill
By mrtjryan on February 26, 2008
Since 1851 Western Union has been drawing people together. At first they were offered a service for relaying messages but nowadays they provide one of the worlds most efficient money transfer services. Western Union provides a huge worldwide network of Agents in more than 245,000 around the world in over 200 countries. They are one [...]
Posted in Develop Your Skill
By mrtjryan on February 26, 2008
Here is a comparison of four of the main companies providing money transfer services around the globe: Ikobo cards: This is a re-loadable prepaid visa debit card. It is in no way linked to your bank account meaning there is no need for any credit checks; very useful for those people with a bad credit [...]
Posted in Develop Your Skill
By mrtjryan on February 4, 2008
Here are a few hints and tips that you may find useful when looking to perform a money transfer home or when transferring money overseas. A few ways to save money include: Check out delayed transactions. Look into performing a direct bank to bank transfer. Always take into account hidden exchange rate costs. Make sure [...]
Posted in Develop Your Skill
