Unquestionably, remittances will always play a crucial part in elevating a nation’s economy and status. Gambia is an impoverished country in Africa, and a large number of its young people leave the country in search of better chances elsewhere. If there is a specific topic of discussion regarding the impact, it is very important for both economic stabilization and meeting the necessary requirements to provide much-needed comfort. In addition to working on their long-term goals, they also send money home to maintain their financial status. This article will teach you about the current effects of remittances on the economy of the Gambia.

Impact of remittances:

Increased foreign exchange reserve:

The foreign exchange reserves have significantly increased due to the influx of remittances and money from Gambian expatriates. It also strengthens the state’s ability to handle debt adjustment, stock market stabilization, and inflation. 

Economic Recovery:

More credibility in the global market and increased foreign reserves cause the economy to pick up speed. As a result, foreign investments help the nation emerge from its predicament. Furthermore, the structural modifications become the new standard.

Poverty Alleviation: 

Remittances directly contribute to the decrease of poverty since they create jobs as a result of better economic conditions. With more money coming in, local entrepreneurs are encouraged to improve the standard of living for all those who receive it.

Increased Consumption:

Remittance beneficiaries take up more goods and services, which increases domestic consumption. It has an immediate effect on various service sectors as well as industry.

Entrepreneurial developments: 

Because the beneficiaries wish to spend additional funds for the establishment of businesses, there is a surge in local business and entrepreneurship in conjunction with the rise in remittances. In certain cases, real estate infrastructure is also constructed to advance economic development. Due to the industries’ close ties to one another, there is still a related influence. 

Send money to Gambia with Remit Choice:

Use Remit Choice to send money to your family members who live in the Gambia. To obtain more, take advantage of the greatest exchange rates and fee-free transactions.

The way to send money to Sri Lanka has never been easier, thanks to modern financial services and technology that have made transactions easier. If you have loved ones or business interests in Sri Lanka, you’ll be pleased to discover that there’s now an effortless way to send money. Let’s explore an easy and modern way to transfer money. 

The Traditional Challenges:

In the past, sending money to Sri Lanka was complicated. People had to use banks, which often had high fees and slow processes. There was a lot of paperwork and rules to follow, which was frustrating.

The Modern Solution:

Now, there’s a better way. You can use online money transfer services like TransferWise, PayPal, or Remitly. Among all these services, Remit Choice is the best option for making seamless transactions. The following are the reasons why Remit Choice is a top choice for customers. 

• Quick Transactions:

 Its services are super fast. Now you can send money to Sri Lanka in minutes or a few days, depending on the fast services of RemiT Choice.

• Good Exchange Rates: 
• You get a better deal on exchange rates compared to banks, which means your recipient gets more money.
• Low Fees: 
• It’s cheaper because they don’t charge as much as banks.
• Easy to Use: 
• The service has a user-friendly website and app, so you can do everything from your computer or phone.
• Available 24/7: 
• You can send money anytime, even in the middle of the night, because these services are always open online.

Conclusion:

It is no longer difficult to send money to Sri Lanka. Remit Choice is an online money transfer service that is quick, cheap, and simple to use. You can say goodbye to going to the bank and embrace the convenience of sending money online. It’s a simple and stress-free way to help your loved ones or manage your finances in Sri Lanka from anywhere in the world.

German food and drinks

Germany is famous for its cars, technical feats, and long past, which has shaped much of Western culture. But have you ever tried to figure out how its food scene works? If you don’t, you’re missing out on a mix of tastes, customs, and very interesting stories. Here are some interesting facts about German food and drinks that will make you want to try them.

The True Roots of Pretzels: More German Than You Thought!

Did you know that when you eat a pretzel while watching a baseball game, you eat something made in Europe? Even though no one knows for sure, European monks were thought to be the first to make pretzels. In the late 1800s, German refugees brought these twisty treats to North America. Both Germany and the United States eat them all the time now.

The Mystery Behind Black Forest Gâteau

Imagine cutting into a moist chocolate cake with layers of cherries and whipped cream and thinking it was called “Black Forest” because it was made in Germany’s Black Forest. Surprisingly, many people think that way!

Schwarzwalder Kirschtorte is the German name for Black Forest gateau. The name might come from the kirsch, a drink made from cherries. Another common idea is that the treat got its name from the traditional Black Forest costume, including a red Bollenhut hat with pom-poms. It tastes good either way.

Oktoberfest’s Calendar Conundrum

Oktoberfest is a well-known beer party, but most events occur in September, so the name should be changed. The event used to start in October, but as it grew, the dates were moved to September so that there would be more sunshine and better weather. No matter when it starts, it’s still a paradise for beer lovers!

Closing Remarks

Traditional German food is as rich and exciting as the country itself. And that’s not even the beginning! So, if you like food or plan a trip to Germany, you should try German food and drinks for a culinary adventure. You do not need to worry about money because you can quickly receive cash online anytime, anywhere, through the online money transfer company Remit Choice.

Bangladesh cricket’s development is improving steadily, and it is growing more successful over time. Amin was a young boy who formerly lived in the crowded streets of Dhaka. Cricket was Amin’s favorite sport more than anything. He envisioned Bangladesh becoming a premier cricket nation.

However, there was an issue. Back then, Bangladesh’s cricket team wasn’t particularly good. They frequently fell to stronger teams. Amin, like many other Bangladeshis, was a huge fan of the cricket team. They followed each game, hoping for a victory.

Tamim Iqbal, a courageous and talented player, was Amin’s favourite cricketer. Amin was filled with joy as he saw Tamim score incredible hundreds against powerful opposition like India and England.

The cricket squad from Bangladesh encountered several challenges as the years went by. They suffered severe losses, and everyone mocked them. Amin and his friends, however, never gave up. They were aware of their team’s potential. They consistently support their team in this attitude. 

One day, Bangladesh stunned everyone by defeating seemingly unstoppable nations like South Africa and India in a very difficult match. The nation put on an outstanding showing, defeating South Africa and India. Amin was in awe of what he saw. He was extremely pleased with his group.

Not just about winning, either. It was about the emotion felt by the entire country while the team played. Families congregated around radios to watch the games. Children dressed up as their heroes and played cricket on the streets. In Bangladesh, everyone participated in cricket.

The successful journey of Bangladesh cricket started with the same performance. Amin’s vision became a reality. He was aware that Bangladeshi cricket had a promising future.

It wasn’t simply about winning cricket matches in “The Journey of Bangladesh Cricket.” It was a tale of aspirations, bravery, and the strength of self-belief. The rising Tigers had roared, and their tale would encourage countless other people to realize their ambitions.

Know that one of the Big Four US banks has its headquarters in Manhattan. It works in more than 100 countries and has a network of 16000 ATMs worldwide. It makes up a bigger portion of JPMorgan Chase & Co. So, if you’re looking for information on the transaction fees charged by Chase Bank, you’ve come to the right spot. Let me share with you some fascinating information, such as how the bank determines fees for international transactions.

Chase foreign transaction fees

Do Chase Charge Fees for International Transactions? Is it true?

Chase does charge fees for each international transaction, and in some cases, even for debit card fees. There is undoubtedly a cost associated with each and every move you take to transfer the funds, depending on the transaction you complete and the card you choose for this purpose.  

Additionally, there is a fee for making purchases using Chase Cards; it amounts to about 3% of each transaction. Furthermore, the currency may not be in US dollars and may change from one currency to another. This covers card purchases as well as cash withdrawals from ATMs and other cash activities.

Chase debit cards other fees and features

There are other factors to take into account besides the foreign transactions on Chase Debit Cards. We have produced a list of a few cards you might want to use while traveling, along with a summary of their key advantages and fees, despite the fact that we were unable to locate much information on the various cards on the bank’s website.

Whatever your situation, it’s a good idea to take some time to think about the advantages that various debit cards will offer for you and to weigh your options before choosing one. If you like the ease of using a debit card when you’re away from home, be sure to pay special attention to the expenses involved with using an ATM or making an international purchase.

Send Money with Remit Choice

By offering the best exchange rates and fee-free transfers, Remit Choice will enable millions of expats to lead better lives.

If you’re looking for ways to send money to Thailand, carefully weigh your possibilities. You can use this knowledge to make an educated decision regarding a fund transfer. Of course, the first method of transmission that comes to mind is the one that is the quickest, most dependable, safest, and cheapest. In this article, we’ll go over the many options for sending money to Thailand, along with their advantages and disadvantages.

What are the ways to send money to Thailand?

Bank Transfers

For bank transfers in the US and Canada, the phrase “wire transfer” also applies. Particularly in Thailand, you need a bank account to transfer money, thus the procedure is really simple. In essence, money is moved directly from one bank account to another (presumably in your recipient’s Thai One account). 

When you send money with Remit Choice bank transfers, you genuinely earn additional benefits because there are no exorbitant fees or unpleasant surprises. The reliance on bank transfers is still common. Remit Choice does not charge a fee to receive funds via bank transfers. Remit Choice is commonly suggested as the method to choose when submitting your bank transfer because it might offer you the best value for your money.

Cash Pickup

With over 2,300 sites nationwide, cash pickup is one of the most widely used methods of sending money to people in Thailand. This is because it is possible to get cash right away. Only Remit Choice provides this service. In other words, the fact that it is so quick and simple to transmit money through this method makes it special in and of itself.

Send money to Thailand  with Remit Choice:

You may send money to individuals you care about for free and at the best exchange rates using Remit Choice.

Do you need assistance finding the best and most reputable money transfer service? Why Remit Choice, you might be wondering. Why is it better than its competitors, and how? Pay heed, you all need a reliable and excellent money transfer service! Don’t panic, Remit Choice is here. The following list includes the different aspects that make it the best option for your money transfer requirements.

Instant Transfers

The significance of a money transfer cannot be overstated. Due to this urgency, Remit Choice makes every effort to send your money to its intended destination as soon as possible. Bid farewell to protracted delays and hello to speedy delight with their quick transfer technology. It will transmit your money quickly and accurately, so you can rely on it.

No Fees for Transactions

Everyone has experienced the frustration of seeing their hard-earned money vanish in pointless fees. On the other hand, Remit Choice provides an infinite number of fee-free transactions. They are committed to offering a solution that is economical and maximizes your financial investment. Because of the better exchange rates and open structure, you may rest easy knowing that your money is in excellent hands.

Global Reach, Local Touch

Remit Choice understands the value of your relationship despite the fact that we now live in a very global environment. Your money will be distributed all over the world because of their vast network of partners and agents. It enables you to transfer money to loved ones anywhere in the world, from the biggest metropolis to the remotest villages. 

State of the art Safety

Remit Choice’s top focus is the security of your financial transactions. Highest security standards and state-of-the-art encryption methods are used to protect your financial data. If you choose it, you can be certain that every transaction you conduct with it will be risk-free. They sincerely want you to remain calm.

Remit Choice is the industry leader when it comes to remittance companies. It focuses a high priority on security and offers quick transfers with no fees or restrictions. As a result, it outperforms all of its competitors. 

Humanitarian crises, especially those brought on by the war in Russia and Ukraine, have had a considerable effect on the world’s energy system and pattern. Due to the disruption of the supply chain and demand patterns, trading relationships have unluckily become extremely tight. 

A record-breaking increase in the cost of goods and energy has been observed in recent years, particularly for the most basic consumers, sectors, and economies. Developing nations typically find this trend unacceptable due to their limited economic resources and persistent debt. It also runs the risk of undermining efforts to deal with the pressing issue of reducing greenhouse gas emissions globally quickly enough to avert catastrophic climate change. We cannot allow Russian enmity to once again undermine the battle against climate change.

With a focus on the volatility of the most recent few months, our World Energy Investment 2022 report, which will be issued next month, will reflect the rapid changes the global energy system has witnessed since the research’s publication last year and will feature a number of new findings. In parliamentary hearings, shareholder meetings, government departments, and conferences like the World Economic Forum Annual Meeting in Davos later this month, these issues are at the forefront of the significant discussions taking place right now throughout the world.

Another undeniable fact is that even before the Ukraine war, the world was far from achieving its goal of lowering carbon emissions and maintaining a good check on greenhouse gasses. It was difficult to reach the climate goals since CO2 emissions were at an all-time high and the fuel market was under pressure. Another disconcerting finding was the fact that investments in new technology have remained surprisingly low, despite the need to cut emissions to zero by the middle of the century. If the world is to have any hope of keeping global warming to 1.5 °C, it must overcome this significant but intimidating challenge.

Constructive steps were taken during the COP26 Climate Change Conference in Glasgow in November, and countries are increasing their investments in renewable energy as part of their strategies for economic recovery.

It’s time to send money home, and you are looking for the best money transfer platform, right? Every confusion will be solved here about the remittance companies. Just go through the writing and decide on your own. Here is a comparison of the world’s three best  companies based on payout network, fee, speed, and exchange rates.

Network:

Remit Choice:

Remit Choice is available in 37 countries and can send money to over 70 countries worldwide.

Lemonade Finance:

Lemonade Finance allows sending money from 3 countries to 10 African countries.

iRemit:

Through iRemit you can send money from 8 countries to 30 countries worldwide.

Costs:

Remit Choice:

Currently, no fee is applied to any amount transferred via Remit Choice. The transaction amount has no minimum or maximum limit to apply charges, and all transfers are done with flat zero fees. Also, credit card transactions are fee-free.

Lemonade Finance:

Transferring money internationally is free of charge with Lemonade Finance. There is no need to maintain a minimum balance or pay a monthly fee. Contrary to popular belief, Lemonade Finance does not provide free international money transfers. That’s due of the markup in exchange rates that Lemonade Finance implements.

iRemit:

Every transfer made via iRemit incurs a small cost. Rates are different for various payment options. There is a $8’remittance’ fee for using a credit card to pay for a bank transfer. You will be charged $9 if you request a cash pickup for the receiver. 

Safety and Security

Remit Choice:

Remit Choice is an approved financial payment institution by FCA. It complies with GDPR and uses two-factor authentication and strict compliance checks to secure each transaction. The App and website are both protected with end-to-end encryption.

Lemonade Finance:

Lemonade Finance is a licensed money services firm in the United States, having been established under the legal umbrella of Lemonade Two LLC. Lemonade Technology Limited is an authorized Small Payment Institution with the Financial Conduct Authority in the United Kingdom. It is also licensed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). From 240 reviews on Trustpilot, Lemonade Finance has earned a 3.9 average rating out of 5. Users that have had positive experiences with the firm have said that making transfers is quick and painless.

iRemit:

If you are concerned about the safety of the iRemit firm, you should know that it is supervised by the Securities and Exchange Commission and the Bangko Sentral ng Pilipinas. Through its collaboration with the American fintech firm Ripple, it utilizes blockchain technology to affect monetary transfers. I-Remit International Remittance (Canada) LTD is the official name of the corporation on file with FINTRAC in Canada.

Exchange Rates

Remit Choice:

Remit Choice makes its way faster in the remittance industry as they offer services at the best exchange rates.

Lemonade Finance:

When using Lemonade Finance to make an international money transfer, you will not get the mid-market exchange rate. Much like other money transfer services, this one marks up the exchange rate it gives to consumers. If you want to transfer money to Ghana from the United States, for example, their online calculator will show you a markup of around 1.3%.

iRemit:

iRemit adds a markup in addition to lower exchange rates. When compared to the “real” mid-market market exchange rate, the prices shown on their website are spot-on. In this method, they claim to incur little, if any, profit margins. All of the listed international currency exchanges into PHP are the same.

Pros and Cons of Remit Choice Vs Lemonade Finance Vs iRemit

Remit Choice

Pros                                                      

• Instant transfers                                                                 
• Best exchange rates                                                           
• No hidden charges
• Accessible through the website and App

Cons

• Strict compliance checks
• It might be unavailable in some countries

Lemonade Finance 

Pros

• Fee-free transfers
• Fast transfers
• Multiple payment methods
• Easy to use

Cons

• Transfer limits
• You can send money only to Africa 
• Lower Exchange rate and additional markup

iRemit:

Pros

• Multiple payment methods available to Filipino recipients
• On-the-go app sending option
• Instant access to funds is possible when using a Visa card

Cons

• Reports of cancelled transactions from customers
• Hidden fees charges
• Poor customer service

Conclusion:

So, by going through the different desired factors for you as a customer or potential customer of a money transfer company, it’s now easy to choose the best remittance company suited for your personal or international transfers.