Guides

Bangladeshi Government's Incentive on Incoming Remittances and Its Impact on End Users

The Bangladeshi government has introduced a 2.5% incentive to boost the inflow of remittances through legal channels. This initiative, effective since early 2022, is directed at Bangladeshi citizens living abroad, encouraging them to send money back home through formal routes. The incentive is credited to the recipients either as cash or into their bank accounts.

Key Aspects of the Inc...

Our Comparison Methodology

We designed our comparison methodology to evolve with the needs of our users, ensuring that our platform remains a leading resource for fair, accurate, and comprehensive money transfer comparisons. Our goal is to empower users with transparent and up-to-date information, enabling them to make informed decisions when choosing money transfer services. By continuously refining our methods and inco...

Parallel (Black) Currency Markets and Their Potential Impact on Remittances

Parallel currency markets (or black markets) in emerging and developing economies significantly impact the value of remittances sent to these countries. As of 2023, according to the WorldBank figures there are more than 

Remitly vs. WorldRemit: Just a Difference in Name?

When it comes to international money transfers, Remitly and WorldRemit are key players. Remitly is known for its speed and variety of payout options, while WorldRemit offers broad country coverage and instant payouts. Remitly's unique services like home delivery cater to specific needs, serving over 80 countries. WorldRemit, covering over 130 countries, offers mobile money, airtime top ups, and...

Nigeria's Forex Regulations: What to Pay Attention

Oya, make we yan about Naija forex rules! Whether you dey send money go Nigeria or bring am come out, this guide go show you wetin you need sabi about the CBN forex regulations wey dey shape our market today and for future. Are you...