WUBS now have commonly known as Convera. It was formerly known as Western Union Business Solutions. It is the largest non-bank B2B Cross-border payments company in the world. They offer better money moves to their customers, enabling them to generate greater...
The MTFX Group of Companies, a top supplier of technologically advanced worldwide payment solutions, offers PayMyTuition, which provides cutting-edge solutions with next-generation payment technology to several industry verticals as a dependable partner for...
GIC- The name "GIC" stands for "Guaranteed Investment Certificate," and it refers to a short-term liquid investment that Canadian banks typically issue for up to a year. It is intended for Indian students who wish to enrol at universities that are part of the Student...
Interbank exchange rates refer to the exchange rates at which banks buy and sell currencies from each other. These rates are important because they affect the value of currencies for businesses and individuals who need to exchange money across different countries. In...
What is a Forex card rate? A forex card exchange rate is like a display board where a bank publishes exchange rates for buying and selling foreign currencies, travel cards, and currency notes. The spread between buying and selling currencies in a card rate is...
The government had received requests from Export Promotion Councils and leading exporters that they should continue with the current Foreign Trade Policy (2015-20), which had been extended from time to time. The government has always involved all stakeholders in...
Forward Contract Meaning: A forward contract is a contract between the bank and its customer to buy or sell a specific currency at a specified future price for delivery on a specified future day beyond the Spot Date. Period of Delivery: A contract can be...
CGTMSE Scheme: Maximum Coverage Raised to Rs. 500 Lakhs The Indian economy is supported by micro and small businesses (MSEs). However, because they frequently lack collateral or credit history, small companies frequently struggle to get loans from conventional...
The Organization of the Petroleum Exporting Countries, commonly referred to as OPEC is a group of 13 countries that are major producers of crude oil. These countries are Algeria, Angola, Congo, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab...
Investing in companies or assets outside of India is known as overseas direct investment. For Indian citizens looking to diversify their portfolios, open up new markets, and expand their businesses abroad, this can be a rewarding strategy. Indian citizens should be...
In today's interconnected global economy, staying updated with live currency exchange rates is paramount, especially when dealing with the ever-fluctuating dynamics between the US dollar and the Indian rupee. For those seeking real-time insights into the dollar to...
In the realm of corporate financial consultancy, one unfortunate trend persists within the Indian banking culture. When corporate clients decide to shift their credit facilities to another bank for better services and competitive pricing, their existing bankers...
Non-resident Indians (NRI) are individuals who are of Indian origin and are living abroad. An NRI is a person who has lived outside India for more than 182 days in a financial year or who has left India with the intention of residing outside the country for an...