Home News
news page background image

Latest Money Transfer and Remittance News

Read the latest finance, economic and fintech news.

20+ Astonishing Consumer Debt Statistics & Facts for 2022

20+ Astonishing Consumer Debt Statistics & Facts for 2022

According to multiple reports, the current inflation rates drove the prices of goods and services to the highest point in the last 40 years. With that in mind, it should be no surprise that consumer debt statistics show significant jumps in all types of secured and unsecured debt balances across the country. Check out the […]

Hristina Nikolovska | 9 minutes | Friday, 30th September

Industry News

First Time in Nearly Three Decades: Developing Asia Is Projected to Grow Faster Than China at 5.3% in 2022

First Time in Nearly Three Decades: Developing Asia Is Projected to Grow Faster Than China at 5.3% in 2022

According to an analysis by MoneyTransfers.com, developing Asia’s economy is predicted to grow faster than China’s for the first time in 30 years at 5.3%. This is in contrast to China’s estimated 3.3% growth in 2022. MoneyTransfers CEO Jonathan Merry says: China’s growth has been slowed by sporadic Covid-19 outbreaks and renewed lockdowns. This has, […]

Elizabeth | 9 minutes | Friday, 30th September
CNN: Used Cars Have Become Unaffordable

CNN: Used Cars Have Become Unaffordable

Soaring interest rates and high prices are making used cars unaffordable for a growing number of car buyers. CarMax, the biggest used car dealer in the US, reported on Thursday that earnings had dropped 54% and they sold 6.4% fewer cars this quarter compared to a year ago, CNN reported. According to the company, the […]

Daniela Kirova | 9 minutes | Friday, 30th September
Wise Share Price Makes a Major Comeback as Interest Rates Rise

Wise Share Price Makes a Major Comeback as Interest Rates Rise

Wise share price surged to the highest level since January 19 of this year after the company published strong guidance. The stock rose to a high of 700p, which was about 145% above the lowest level this year, making it one of the best-performing companies in the UK. Wise defies gravity Wise, formerly known as […]

Crispus Nyaga | 9 minutes | Thursday, 29th September

Research and Insights

Apple Pay and Alipay Overtake Two Major Credit Card Giants

Apple Pay and Alipay Overtake Two Major Credit Card Giants

Across the globe, digital payments are rapidly catching up to the credit card giants that have held a monopoly over payment processes for years. In fact, according to MoneyTransfers.com, Apple Pay is already the second biggest payment provider in the world. MoneyTransfers.com has looked into data revealing that two digital payment providers; Apple Pay and […]

Yasmin Purnell | 9 minutes | Friday, 30th September
Instant Coffee Provides 100mg Of Caffeine For 50x Cheaper Than Café

Instant Coffee Provides 100mg Of Caffeine For 50x Cheaper Than Café

For lots of us, it is hard to imagine getting through a work day without caffeine. But are we making the most financially efficient choice when it comes to getting our daily dose? MoneyTransfers.com has analysed data from a range of caffeine products to discover exactly how much it costs to consume 100 milligrams of […]

Toby McInnis | 9 minutes | Wednesday, 28th September
12 Most Popular Digital Nomad Cities Compared by Cost of Living

12 Most Popular Digital Nomad Cities Compared by Cost of Living

In 2022 more people than ever are embracing the ability to work remotely from anywhere in the world. There are approximately 15.5 million digital nomads in the US alone – the global figure is thought to be upwards of 35 million. Earlier this year, Airbnb released their top 10 destinations for British nomads, featuring five […]

Yasmin Purnell | 9 minutes | Tuesday, 27th September