Guides

What Does Sticky Inflation Mean for International Money Transfers?

When inflation in the US doesn't want to go down, despite what the experts do, it creates a bit of a puzzle. This kind of stubborn inflation affects everything from how much you pay for groceries to how much money you can send overseas. Here’s how it works and why knowing about it matters. 

What Does Sticky Inflation Really Mean?

Exploring AI in International Money Transfers: Sendrater's Experiment with LLMs

At Sendrater, we are diligently observing the dynamic field of AI, particularly focused on how emerging advancements can elevate our customer experience. This journey, rooted in a culture of innovation, has steered us towards experimenting with Large Language Models (LLMs), especially in the realm of custom GPT models. Although still in the nascent stages, we are guided by the principle that kn...

Can Messaging Apps Disrupt International Money Transfers?

Transformations in the International Money Transfer Landscape

In the past decade or so, the international money transfer sector has undergone significant changes. The emergence of new players is challenging the dominance of...

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...

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