British Pakistanis are one of the largest ethnic minority populations in the United Kingdom. Pakistanis have had a significant impact on Britain since having migrated here from their native country Pakistan in the 1940s and 50s. There are no precise figures for how many people of Pakistani origin live in Britain – although recent estimates show that around 1.1 to 1.7 million people specified that they were of Pakistani origin. […]
British Pakistanis are one of the largest ethnic minority populations in the United Kingdom. Pakistanis have had a significant impact on Britain since having migrated here from their native country Pakistan in the 1940s and 50s. There are no precise figures for how many people of Pakistani origin live in Britain – although recent estimates show that around 1.1 to 1.7 million people specified that they were of Pakistani origin. […]
Digital Currency Is Coming to India. Here is What You Need to Know About It India’s digital currency pilot project is officially underway as an alternative to paper notes and coins. In an unprecedented move, the Reserve Bank of India (RBI) has announced the launch of a new currency called Central Bank Digital Currency. The RBI will begin testing its retail central bank digital currency (CBDC), the digital rupee, in […]
A hidden engine of globalization is helping to drive the world’s economic growth, and it’s not what you think. It’s remittances! People (including yourself) are sending money back home to support family members and make a global difference. Remittances—money migrants send back to their families in developing countries—are the hidden engine of economic development in many countries. In some cases, remittances have overtaken FDI, private capital flows and aid as […]
Sending money is the process of moving funds from one person to another. It can be done through a bank, financial institution, or other means, such as paying cash for goods or services. Sending money can also refer to remittances, payments made by migrants to their family members in their home countries. Remittances are an important source of income for many nations worldwide and play an essential role in reducing […]
Introduction With the Pound, we have seen a significant drop in value in recent years. This has many implications for British consumers and U.K. companies and vendors. Here are some highlights of what the weak Pound means for you, as well as tips on how to make the most of this situation: Why is the Pound weak? Uncertainty! The Pound has been steadily weakening against other currencies since the Brexit […]
The Evolving Market The international money transfer market is evolving to meet the needs of today’s clients. Digital remittances are one of the fastest growing sectors of the money transfer market. In fact, the Digital Remittances segment is expected to reach US$3.06bn in 2022. The market evolution can be credited to increasing globalisation and the fund transfers from migrant workers to their families. The customers are seeking a quick, seamless and transparent experience. […]
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