Tag: managing finances
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The Future of Digital Remittance: Trends to Watch
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The world has become borderless by opening its doors to millions of migrant workers. These migrant workers have changed the economic landscape of the countries by remitting money to their loved ones across borders. According to World Bank reports, the total of remittances in 2022 is expected to be approximately USD 774 billion. Moreover, projections…
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How To Choose The Right Financial Partner For Your Overseas Education
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You may be keen to discover what life is like while studying abroad and become impressed with an unknown culture. It can be a very transformative and life-changing process for some students. However, this is not to overshadow the fact that this life comes with its challenges too, especially monetary struggles. Finding the right financial…
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3 Tips to Minimize International Travel Tax in India
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Are you planning an international trip with your family? Then, you should check out the new tax regime upon TCS (Tax Collected at Source) on international travel that came into effect on October 1, 2023. If you purchase international travel packages totaling above INR 7 lakh per fiscal year, either through offline or online booking,…
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Essential Financial Services for Global Indian Entrepreneurs
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The spirit of entrepreneurs is crossing borders by disrupting the industry with their new start-up ideas. To make their cross-border business effective, the need for robust financial services plays a crucial role. A statutory expert is required to navigate the complexities of cross-border transactions, investment strategies, and regulatory compliance. In this blog, we shall explore…
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Online Banking Security: What moneyHOP Offer
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India is experiencing a rapid surge in online banking due to the growing influence of FinTech. Every 4 out of 5 Indians prefer digital banking through mobile and sense it as highly convenient. Smartphone penetration, the internet at affordable prices, and government initiatives answer why this obsessive adoption. But there is more to these. Let’s…
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The Advantages of Contactless Remittance Services in a Post-pandemic World
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COVID-19 changed the way we perceive the world forever. Every aspect of life underwent numerous changes, including how we make payments. When social distancing became the norm, the pandemic predominantly accelerated the shift towards digital and contactless solutions across all industries globally. What is contactless payment? Contactless payment is the process of wirelessly completing a…
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The Impact of TCS on Foreign Tour Packages
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If you’ve been dreaming of a European getaway, recent changes to TCS may have you holding your horses, but no worries! But we’re here to get under the bonnet of how these changes affect your wallet and the wider travel industry. We’re going to keep all of that advice coming thick and fast on how…
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Step-by-step Guide: How to Send Money Abroad from India Using the HOP Remit App
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Money transfers can be considered an everyday activity in almost everyone’s life. At some point, one will need to send money to another country to support one’s family or pay for education. But the process seems too complicated, shrouded in a maze of options and regulations. What if sending funds globally could be as simple…
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Studying Abroad? How Money Transfer Apps From India Can Simplify Your Financial Management
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If you are a student going to study abroad, you are heading into one of the most exciting and life-changing adventures you can experience. However, the prospect of experiencing different cultures, academic challenges, and making lifelong friends makes managing these aspects, as well as your finances, appear daunting. Keeping your money accessible is a must,…