Offshore banking, the practice of keeping money in a bank located outside one’s home country, often conjures images of secrecy, financial complexity, and even scandal. However, this concept is more than a plot device in a thriller movie. Offshore banking is a legitimate financial strategy used by individuals and businesses worldwide. Despite its reputation, it […]
Cross-border remittance is the transfer of money from one country to another. It is an essential aspect of international trade and finance, enabling businesses and individuals to transfer funds across borders to pay for goods, services, and personal expenses. In recent years, the remittance market has grown significantly, with the rise of new companies, remittance […]
Asking Open AI – How many types of bank instruments are there? There are many types of bank instruments, each serving a different purpose. Some of the most common types of bank instruments include: Bank drafts Certificates of deposit (CDs) Letters of credit Bank guarantees Bill of exchange Promissory notes Bankers’ acceptances Cheques Money orders […]
What is the Quantum Financial System? The Quantum Financial System (QFS) is a theoretical financial system that is said to use quantum computing and blockchain technology to create a secure, transparent, and efficient financial system. According to proponents of the QFS, it is designed to replace the current financial system, which they claim is corrupt, […]
What are the legal Cross border money transfer methods? There are several legal cross-border money transfer methods available, including: Bank transfer: This is the most common and secure way of transferring money across borders. It involves transferring money from one bank account to another. Money transfer operators: These are companies that specialize in transferring money […]
Gold-backed Standby Letter of Credit (SBLC) According to Open AI Do banks issue gold-backed standby letters of credit (SBLC)? Banks can issue standby letters of credit (SBLCs) backed by various forms of collateral, including gold. However, whether a particular bank issues gold-backed SBLCs depends on the bank’s policies and the requirements of the client seeking […]
Ponte estaiada Octavio Frias – Sao Paulo SÃO PAULO, March 7, 2023 /PRNewswire/ — Since its launch, ChatGPT has attracted the attention of professionals from several fields. Efí, one of the major Brazilian fintechs, has gone further and started to use the system to optimize digital bank processes. A fan of the slimmed-down, four-day work week, the […]
SINGAPORE, Feb. 27, 2023 /PRNewswire/ — Fiat-crypto gateway, Alchemy Pay, and fintech firm, PT Berkah Digital Pembayaran, announce that they have jointly obtained Indonesian licences issued by the Central Bank of Indonesia to operate remittances and fund transfers. These licences will greatly increase the ability for these entities to payout to end users and clients across Asia as well as reduce the […]
Choice Hotels, Wells Fargo, and Mastercard to Launch New Cobranded Credit Card Offering enhanced rewards and benefits for members, the new Choice Privileges Mastercard will launch this spring. Existing cardmembers will be converted to the new program in May ROCKVILLE, Md., Feb. 14, 2023 /PRNewswire/ — Choice Hotels International, Inc. (NYSE: CHH)—one of the world’s largest lodging franchisors—has finalized a multi-year agreement […]
All trading programs in the Private Placement arena involve trade with discounted debt notes in some fashion. Further, in order to bypass the legal restrictions, this trading can only be done on a private level. This is the main difference between PPP trading and ‘normal’ trading, which is highly regulated. This is a Private Placement […]
Netevia Banking New neo-bank mobile banking app to help ISOs further monetize merchant relationships MIAMI , Jan. 25, 2023 /PRNewswire/ — Netevia Banking is a fully functional mobile banking app providing a single point of entry for ISOs looking to manage banking, payments, and cash flow. A platform-agnostic solution, Netevia offers a suite of products and services, including […]
DUBLIN, Jan. 21, 2023 /PRNewswire/ — Research and Markets of the Payment Gateway Industry The “Payment Gateway Market Research Report by Type (Hosted and Integrated), Industry, Region – Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation – Global Forecast 2023-2030” report has been added to ResearchAndMarkets.com’s offering. The Global Payment Gateway Market size was estimated at USD 65.37 billion in 2022, USD […]