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Crucial tips on how to save money on international money transfers.
Apple Pay has changed the way people pay for everyday purchases. Instead of carrying cash or physical cards, users can make payments with their iPhone or Apple Watch. In fact, over 500 million people around the world use Apple Pay.
People sending money overseas often wonder about the actual value of their transactions. If you remit money regularly, you don’t have to stay in the dark regarding how the financial system earns through the remittance process.
The system was introduced by Brazil’s Central Bank in 2020, and adoption took off fast. According to PagBrasil’s adoption of Pix, payments and transfers can go through in 10 seconds, at any time of day.
Anyone who sends money to the Philippines more than once figures this out pretty quickly. The fee you see at the start is not the real cost. It looks simple, but the number that actually matters is how much ends up in PHP on the other side.
Remitly is one of the better-known platforms in this space, especially for personal remittances. However, it’s not always the most practical choice for everyone. That’s why many people look into Remitly alternatives after their first few transfers.
