Global

Power of remittance in enhancing personal and societal development

Worldwide remittances received in the year 2016 was only 0.7 percent of the Global GDP. Despite the low number, it plays a vital role in the progress of many developing and underdeveloped nations. Although such nations are losing its citizens to migration, the remittances are helping their families by increasing the net income and standard of living.   According to a World Bank Report, in the year 2016, the total personal remittances received hit a staggering mark of 532 billion…

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News

Settled Status scheme for EU people who wish to remain in the post-Brexit UK

The UK government unveils details of the “settled status” scheme for EU Citizens who wish to remain in the post-Brexit UK Currently, there are around 3.2 – 3.8 million EU citizens who live and work in the UK. As the UK is about to leave EU, it has developed a special scheme to provide a provisional stay for these EU citizens.  Under the new scheme, EU citizens living in the UK for five or more years before 2020 can apply…

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Finance

Technology and innovations are aiding remittance in writing a whole new chapter

Cross-border money transfers have entered a whole new chapter with the help of technology and innovation.   Most of the traditional remittance service providers come across as being inconsistent. On the one hand they portray themselves are working for the customer; however, this is hardly the case as they continue to charge high fees with a lower quality of service.  But the rise of fintech startups with a customer-centric approach, operating with a cost-effective and time-saving formula are gaining trust…

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Finance

Role of digital payments in the transformation of Fintech industries

The rise of digital payments has transformed the commerce industry on a very large scale. Especially in Europe, where more than 75% of the payments, banking, and managing money are being processed through digital devices. From the very birth of the internet, many of the visionary tech masters have predicted that software solutions will someday supersede the hefty and dominating sectors of concrete banking and retail. In this current age, anything and everything that involves money is being swayed by…

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News

Crosspay customers can now send money from Denmark to over 150 countries directly from the web or their mobile phone

Crosspay, a Fintech Payment Institution has just launched its services in Denmark. Crosspay is expanding globally day by day with a customer-centric approach. The launch of its service from Denmark means that people in this region can now send money to over 150 countries globally. Crosspay offers one of the best exchange rates in the market, low transaction fees and quick delivery times. The service is available for customers right at their fingertips by downloading the Crosspay App available on…

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News

Crosspay customers can now send money from Sweden to over 150 countries directly from the web or their mobile phone

Crosspay, a Fintech Payment Institution has just launched its services in Sweden. Crosspay is expanding globally day by day with a customer-centric approach. The launch of its service from Sweden means that people in this region can now send money to over 150 countries globally. Crosspay offers one of the best exchange rates in the market, low transaction fees and quick delivery times. The service is available for customers right at their fingertips by downloading the Crosspay App available on…

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Lifestyle

How to become a permanent resident or Indefinite leave to remain in the UK

For decades, the UK has been a preferred place for immigrants from all across the globe. Reasons range from better work culture, the better scope of a bright future, the environment and a number of other things. If you are a foreigner and have been legally resident in the UK for 5 years or more, you may be eligible to apply for Indefinite Leave to Remain (in other words permanent residence). Here, various factors like nationality, the type of visa…

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News

GDPR : A Big transformation in how companies and businesses handle personal data

The GDPR or General Data Protection Regulation came into force on May 25th, 2018 bringing greater protection to your personal data and information. GDPR is the new EU data protection law which replaces the Data Protection Directive. The new law is an improvement on the earlier law which has become outdated in this increasingly digital era. The new law imposes strict guidelines on how businesses collect, process, store and handle personal data of the customers. Thereby giving the users or…

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News

Crosspay and Global IME Bank Nepal join hands to launch digital remittance service in Nepal

Global IME Bank & Crosspay

Kathmandu and London, 20 April 2018: Crosspay, one of the fastest growing worldwide money transfer service provider partners with Global IME Bank Nepal, one of the well-established and recognized banks in Nepal. Crosspay, one of the fastest growing worldwide money transfer service provides a secure and convenient digital platform to make global money transfers. Users can access the application with smartphones and computers. It is a coming of the age service which is working towards a goal of providing one…

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News

Cargills Bank partners with Crosspay to launch international money transfers to Sri Lanka

Crosspay partners with cargills bank

Colombo and London, 17 April 2018: One of the fastest growing digital money transfer service Crosspay has partnered with Cargills Bank, one of the most reputed and trusted banks in Sri Lanka. Crosspay, a worldwide money transfer platform allows customers to send money to Sri Lanka in three simple steps directly from their phones or computers without having to deal with the hassle of traditional money transfer services. With a population of more than a 130,000 Sri Lankans living in…

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