international payments

In 2022, SWIFT recorded an average of 44.8 million transactions per day, a 6.6% growth compared to the same period in the previous year.

Remittance is the cross-border transfer of funds from one entity to another. The term remittance is derived from its root word of remit, which means to “send back”.

In a perfect world, everyday items like an apple or a set of utensils should have the same price, regardless of your location. This concept is known as the law of one price (LOOP) — one item, one price, despite the currency exchange. But, the reality is that a currency conversion

A multi-currency account is a type of account that allows you to send, receive, and hold multiple currencies. Here is everything you need to know about a multi-currency account.

The globalisation of markets is one of the most fascinating developments in this era. It’s open the doors for businesses to transact and partner with foreign suppliers, hire foreign talents and target entirely new markets.

The Renminbi has two types of currencies: CNH and CNY. Read on more to find out about this unique currency.

SWIFT is a method of telegraphic transfer (TT), also called a wire transfer, that facilitates electronic global payments and settlements. Local transfers are powered by Real Time Gross Settlement (RTGS) and local payment systems.

How does inflation, interest rates or trade affect exchange rates? How does the government or political instability affect the value of their currency? What happens in a recession? Find out more.

Does every international payments provider offer the same exchange rate? Is there a “best” time to get the most favourable FX rates for your business payment? This article will guide you to a better understanding of how to get the best FX rates for your business.