Hungry For Savings? Find Out How To Improve Your Overseas Purchases

Hungry for savings?

Are you purchasing FMCGs overseas? Buying raw ingredients from exotic locations? Due to the perishable nature of food goods for human consumption and the ingredients involved in food production, producers and suppliers cannot afford to waste time once goods are ready to ship! Any delays in the supply chain could affect the end seller not getting their goods and can cost a lot in terms of money and time, besides supplier relationships. Having a streamlined, efficient payments process for overseas shipments of FMCGs is one way to help improve the above…

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Sending Payments to China? Problems?

Paying china suppliers

Does your company ever experience difficulties paying suppliers in China? So you have suppliers in China who need to be paid? There are a number of methods to pay them. However, some are safer, simpler and more cost effective than others. According to the World Bank, China is one of the top receiving countries of international remittances. Here are some tips to help you find the most cost effective, fast and secure option for paying suppliers in China: Check the Chinese currency rules It is very important to know that…

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Importing and Exporting: The Currency Problem and How To Fix It!

Importing and Exporting

The Currency Problem You might win or you might lose. Either way, you’ve got to ship! The currency problem creates a risk factor for any company importing and/or exporting. While your product is being shipped, you may be losing profits due to relative changes in currencies against the US dollar or whichever base currency is used in the country you’re in. Overseas buyers usually pay for imports in their own currency so they know exactly what they are paying, before the intermediary bank converts the funds into the local currency…

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Top 5 remittance-receiving countries for 2016

Top 5 remittance countries 2016

The World Bank suggests in their latest Migration and Remittances study for 2016, that remittance flows have declined by 2.4%, to 429 billion US Dollars, after a 1% decline in 2015. This is the first time in recent history that remittances have declined for 2 years in a row. TransferMate solutions can help your company with remitting money to all of these countries, simplifying your international wire transfers processes and saving you valuable resources, time and money. Here are the top five remittance-receiving countries for 2016: India – $62.7 billion Indians…

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TransferMate Secures New York License completing its entire US State Wide approval

TransferMate regulated in New York

New York, USA – May 5th, 2017 – TransferMate, the world’s leading cross-border payments platform today announced that they have successfully added New York to their list of regulated territories. This news follows hot on the company’s recent announcement of further expansion across the USA and further substantial job creation. TransferMate provide award-winning cross-border solutions and applications, creating genuine levels of disruption in the international FinTech industry. The company has in excess of 7,000 corporate clients in over 50 countries and a growing following of end-users using its payments platform…

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