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TransferWise service available through Facebook 2017-02-21 21:43:40
The popular money transfer company “TransferWise” has recently launched a new service that will allow users to send money around the globe through Facebook Inc’s chat application, as competition in the digital payments landscape intensifies. The London based company had...
Keywords: USA, Facebook, TransferWise service available through Facebook, USA
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PAN Becomes Obligatory for Transferring Money Abroad, Investments 2018-06-06 12:13:53
Permanent Account Number (PAN) has made obligatory to transfer money overseas for kid's education, to acquire property or shares in foreign countries.In the absence of PAN one cannot be able to transcend the mere annual limits either. This attempt has...
Keywords: PAN, PAN, LRS, Investments
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Indians Spending on Overseas Travel, Education Sees Record Surge: RBI Data 2019-07-16 11:53:15
A data revealed by the Reserve Bank of India (RBI) shows that Indians are spending more on overseas travel and education. The spends rose more than 60 percent year on year this May just ahead of the next academic season....
Keywords: travel, Indians traveling overseas, Indians traveling overseas, overseas travel
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Indian man jailed in Singapore for a Mistaken Transaction 2024-10-16 15:06:51
A Singaporean court has sentenced a 47-year-old Indian citizen to nine weeks in prison for using money he mistakenly received in his bank account to pay off debts and sending some of the money to his family in India. PTI...
Keywords: Periyasamy Mathiyazhagan Singapore, Periyasamy Mathiyazhagan fraud, Periyasamy Mathiyazhagan, Periyasamy Mathiyazhagan jailed
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India Retains Top Spot in Remittances in 2018 with Diaspora Sending Home $79 BN in 2018: World Bank 2019-04-09 12:19:32
India has retained its spot as the world’s top remittance recipient with its diaspora sending $79 billion back home in 2018, the World Bank has said in a report. India was followed by China ($67 billion), Mexico ($36 billion), the...
Keywords: Indian diaspora, indian diaspora send money back home, India, remittances in India
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RBI to Now Allow Money Transfer between Mobile Wallets Using UPI 2018-10-18 11:39:32
The Reserve Bank of India has relaxed interoperability norms for digital wallet companies in India making it possible for digital wallets to not only transfer funds from one wallet account to another but also make two-way transfers, according to a...
Keywords: Reserve Bank of India, digital wallet, RBI, UPI
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