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Remitly eyes Philippine remittance market

US-based money transfer startup Remitly is eyeing a larger piece of the Philippine remittance pie, and it is seeking to gain around 40% of this market by 2022.

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Business Guides

Leverage the power of FX for profit gains
For many multinational businesses, the uncertainty created by fluctuating currency exchange rates makes it seem nearly impossible to prevent losses. Yet there are ways to effectively leverage currency exposure – not just to protect profits but to grow them. Several companies are already exploring the options of FX swings and capitalising on the opportunities that arise.
By Nigel Frith | | Currency Risk | See more in Business Guides

Truly knowing your customer will be the key to success in open banking
Technology stalwarts like Amazon, Apple, Facebook and Google are the biggest threat to banking Banks need to invest in personalised customer marketing as well as upgrading their digital platforms to compete The future of branch services hangs in the balance, but as broadband connections fail some rural inhabitants, they’ll be hoping for another solution
By Rachel Doyle | | Business Guides | See more in Business Guides

Paypal diversifies its offering and may look at cryptocurrencies again
Paypal continues to invest strategically to deliver digital payment innovations to merchants and customers alike. The company’s growth continues apace as a series of strategic partnerships with customer reward cards, Samsung Pay, Mastercard and Visa extend Paypal’s reach. Paypal has recently extended its reach into investments as it looks to extend its financial capabilities and has indicated that it may look at cryptocurrencies again
By Rachel Doyle | | US | See more in Business Guides

Personal Guides

Hacks for transferring money in and out of Europe
While there’s no doubting the fact that the international money transfers industry has undergone a major boom over the last two decades, there are still some issues that people wanting to make cross-border payments must contend with. Like the issue of whether the money transfer company you’re thinking of will really work for your specific requirements.
By Nigel Frith | | Expats | See more in Personal Guides

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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom. 

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