RemitONE and SendMoneyHome helps remittance businesses offer world’s lowest transfer fees

 

June 2010

 

Today in the rapidly evolving remittance industry, banks and MTOs are using technology platforms from money transfer software system providers such as RemitONE to empower their customers to send money when, where and how they want at highly competitive prices. Several banks and MTOs are using RemitONE solutions to run their daily remittance operations efficiently; offer their customers the ability to execute transactions from branches, over the Internet, via SMS on mobile phones and by using prepaid card systems; and significantly cut costs.

 

The World Bank’s Payment Systems Development Group (PSDG) is using its experience and role in the international payment system community to lead an effort to address the G-8 request to enhance the efficiency of remittance markets and reduce costs.

 

In many cases, the costs to shippers are expensive compared to the low incomes of migrant workers are often sent to the amounts and recipients of income OB Wire Transfer. Therefore, the reduction in fares would cost more money for the conveyance, which is a result of immigrants and their family members and would be a significant mo , after all income levels, and # XDC; berweisung have families. The World Bank states that if costs could be reduced by 5 percentage points, posting payments, based on the value sent denomi ; lekannete recipients in the developing world receive more than $ $ 16000000000 want more than a year now. This additional income to the beneficiaries of remittances would be more opportunities for human consumption, savings and investment in the local economy. The reasons are very expensive remittance charges are based on various factors, including the difficulties of immigrant necessary documentation, lack of access to banking services, limitations nkter competition, regulations, and an underdeveloped financial infrastructure in some countries.

According to the World Bank, the average global cost for sending remittances through commercial banks was 12. 4 percent in the first quarter of 2010 for a $200 transfer, making them the costliest channel, while the average cost at post offices and MTOs was the cheapest at 6. 72 percent and 7. 1 percent respectively.

The mean total cost of sending remittances to nations in Central Asia, Europe, Latin America and South Asia was lower than the average global cost. In parallel, the mean total cost of sending remittances to East Asia and the Pacific, Sub Saharan Africa and the MENA was higher than the global mean. On the other hand, transferring remittances to South Asia and Latin America was the least costly among all regions.

The World Bank notes that the costliest corridor for remittances was from Australia to Papua New Guinea at 43. 32 percent for a $200 transfer, followed by Tanzania to Rwanda at 40 percent, while the cheapest corridor was from Singapore to Bangladesh at 4. 48 percent followed by the UAE to Pakistan at 4. 87 percent. More information can be found at the Daily Star Lebanon page.

The latest data from the World Bank is testimony to the fact that leading Bangladeshi financial organisations such as Agrani Bank and Prime Bank operating in the Singapore-Bangladesh corridor are able to utilise money transfer technologies such as those provided by RemitONE to reduce their operational costs and generate profits and pass the savings on to their customers. Technology is making it possible for these banks to offer a variety of cash delivery services, including spot cash, to both the banked and the unbanked segments of the population, thereby ensuring customer loyalty and generating increased revenues due to customer experience. For example, Ali Hussain Prodhania, CEO of Agrani Exchange Singapore, says “…We have witnessed a 25% increase in revenues within three months of adopting the (RemitONE) system. . . ”

 

The main advantage of using this technology platforms is that they are a source of bank employees, the head and the delivery of all branches are authorized to have immediate access to critical information to various clients of L & # XFC; hikese time to ensure improved customer experience.

 

The remittance industry is in the growth phase of the industry life-cycle and initiatives by the World Bank, awareness by International Association of Money Transfer Networks (IAMTN) and technology by RemitONE and others together are making it possible for remittance businesses to offer cheap money transfer rates to senders and receivers across the globe. Hopefully, the World Bank’s goal of helping remittance receivers worldwide receive an extra $16 billion a year will be realised soon.

 

RemitONE also works very closely with SendMoneyHome (the leading price comparison website for foreign exchange). SendMoneyHome (SMH) has also recognised the disparity in the remittance industry between the bank levies and the subsequent amount of money that migrants can send home. RemitONE is committed to providing technology solutions to the remittance industry whilst SendMoneyHome is committed to providing comprehensive information on the services consumers can benefit from. This is why SendMoneyHome created the first dedicated price comparison site for foreign exchange, where consumers can compare fees, exchange rates, speed and method of transfer from a  around the globe including rates from banks, foreign currency specialists, prepaid cards and MTOs.

 

It is this relationship that has allowed both businesses offering remittance services and their customers to reduce overall costs. In an effort to further reduce the costs associated with the industry, SendMoneyHome has recently launched an online directory as part of the SMH brand so that consumers can enjoy even more choice when it comes to remittance and money transfer services.

 

For more information please contact Stuart May (Sendmoneyhome) or Aamer Abedi (RemitONE).

Stuart May

E: stuart@sendmoneyhome. org

Web: www. sendmoneyhome. org

 

Aamer Abedi

E: Aamer. abedi@remitone. co. uk

Web: www. remitone. co. uk


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When you find the top rated business directory, you can really propel your business. You want to make sure you know how to submit to a business directory to have the best results. When you are working from your house computer, there are many things that you must do to ensure that you use all of the marketing tools that are available to help take your business to the next level.

If you are looking for the best source for online income there are many things that you will want to consider. Even if you have a great website that is easy to navigate, you still have to determine how you are going to get people to your website. This is very important and no matter how great your site is, it is up to you to attract customers.

You want to create a business where people are not just coming and shopping one time. When working from house computer, you want to make sure that you have many returning customers. This can be done by offering them something that other shoppers do not get. This can help you increase sales, and everybody loves to feel as though they are being offered something special.

If you build a list and use the top rated business directory, make sure that you do not neglect this important step. If you ignore the list that you build, then all of your hard work that is put into building a great list is worthless. You want to make sure that your customers remember your name and that you are fresh in their minds when they go to make a purchase.

The best source for online income is something that is not a fad. Many trends will come and go and you need to look for an opportunity working from house that allows you to stay in business for many years to come. You want to find something that you can offer others that will stay in demand for many years to come. This can be the key to longevity and your business will grow and experience success with the right business moves.

The top rated business directory is going to help you propel your attraction and help others to find you. Working from house locations can be very lucrative and there are many opportunities out there just waiting for you to discover them. Also, you need to be sure that when you are looking at work from home opportunities, you are finding things that you can do which will lead somewhere. This is perhaps one of the most important parts of work from home opportunities, because they’ll provide you with a chance to really go somewhere when you work. This is something that not every job can afford you – some jobs are just going to be stationary, meaning that no matter what, you’ll be stuck in the same old, same old just as if you had a regular job. Therefore, the top work from home job opportunities that you are going to be looking to find are going to be those that you are going to be able to go somewhere from. Look at the starting place for the work from home job opportunities, and then see if there is somewhere to go from there. If so, you’ll know that you have found an excellent career path for you to take.


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If you have never heard the name of A? Accounting CRM softwareâ? and wondered what it means, it’s really very simple. CRM stands for Customer Relationship Management, and it is really necessary, as part of the accounting business is booming. Good customer relationships are critical to every industry, but the more significant that auditors maintain sufficient financial information to customers.

Anytime a business is debating of institutitng new software, there are a large number of things to take into account. The amount of money invested in software for businesses is substantial, so it pays to do the proper due diligence prior to making any choices. Here are a few tips to consider:

Previous to installing accounting CRM software, deliberate not only the expenditure of the software itself, but the expense of teaching your employees on how to operate it.

If you are a smaller company, you might desire to go for the online CRM software as it won’t need you to invest in your own computer servers. You may be able to save all of your sensitive customer information on the internet where it will be out of harm’s way.

A quantity of businesses want to possess their own software kept on their own servers. The most excellent option for this is called open source software. This means that you may modify the software exact to your business. That way if you ever want to formulate changes to it, you can.

With Accounting CRM software will permit you to use your customer data on a usual basis for marketing reasons and for updating the patron base. It will furthermore be a place to be certain that the data stays in safe hands. You want to have a proficient comprehension on who your clientele are at any particular occasion, hence CRM software is a necessary for your company if you wish to both shield and strengthen it.


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If you have ever heard the name â??accounting CRM softwareâ? and wondered what it means, it is really really easy. CRM stands for Customer Relationship Management, and it is actually an imperative share of if an accounting business is booming. Good client relationships are critical to any industry, but remarkably to accountants who keep plenty of financial information for clients.

Anytime a business is debating of institutitng new software, there are a large number of things to take into account. The amount of money invested in software for businesses is substantial, so it pays to do the proper due diligence prior to making any choices. Here are a few tips to consider:

Previous to installing accounting CRM software, deliberate not only the expenditure of the software itself, but the expense of teaching your employees on how to operate it.

If you are a smaller company, you might desire to go for the online CRM software as it won’t need you to invest in your own computer servers. You may be able to save all of your sensitive customer information on the internet where it will be out of harm’s way.

A quantity of businesses want to possess their own software kept on their own servers. The most excellent option for this is called open source software. This means that you may modify the software exact to your business. That way if you ever want to formulate changes to it, you can.

With Accounting CRM software will permit you to use your customer data on a usual basis for marketing reasons and for updating the patron base. It will furthermore be a place to be certain that the data stays in safe hands. You want to have a proficient comprehension on who your clientele are at any particular occasion, hence CRM software is a necessary for your company if you wish to both shield and strengthen it.


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There are several websites available on net that provides all the crucial information. But all information is not valuable. When it comes to acquiring information online required on a particular subject or the area of concern, you need to obtain them from dependable sources. Reliable information usually comes from industry experts. This is where a web directory plays an important role. Besides this, most businesses are also looking to branch out online and the best way to get this is by involving yourself with a web directory.

Web directory as the name suggests is a directory on the World Wide Web that specializes in linking to other websites and has the available information arranged into diverse categories.  The most significant truth about these directories is that they are not search engines as one would think but can act as a search engine as they offer you to search for information therein.

The key feature of any web directory is – it offers the methodical way to present the processed data which further allows the internet users to navigate these websites. Now, as the fundamental role of web directory is the generation of content specific traffic to the various links that are constructed, it is just through these incoming links and the content submitted on a website, that a particular website is selected and positioned by search engine.

Today is considered a different approach for companies to communicate to the world in one place. There are a lot of regional web directories on the Internet, which helps users to find business in their local environment and the companies want. So, as a business owner you have the option of their choice and position of the company, which has been assigned to you each local / niche Web Directory to promote.

The facility of listing your business online or submitting your website’s URL in web directory is very beneficial. Here you can get a chance to promote your own business to the world and get more sales and more profit.

Reach your Targeted Customers

The first and prime most benefit that you can find is to promote the advertisement of your business to the world. You can communicate and attract global audience towards your business by listing your regional business to any regional web directory.

As an example – If you conduct any business in South Wales of Australia, then all you need is to submit information about your company like name, location, and contact number, detailed description of your products and prices of them to Australia Regional Directory. Once you submit these info along with your website’s URL the chances of finding your business in Australian Regional Web Directory increases when general public search for the services they want, and see your business listing appropriate for them.

Professional Business Listing

A Regional Web directory also provides you the facility to add information in a professional manner. Suppose, you want to categorize your business then you can easily categorize it. Choosing the appropriate category is important step in web directory submission as a wrong category may not let you get more people to your online presence and business. Proper categorization listing always provides the right traffic of customers to your business and help you a lot to increase your business.

Advertising Opportunities

A web directory is fundamentally a huge source of advertising power. It can help you promote the advertisement of your business to the entire world. Much like the traditional print mediums of classified ads, you can endorse your ad to entire global customers by placing it on web directories along with clickable hyperlinks and up-to-date contact information.

So, whether you own a business and looking to arrange your offerings in a simple online database, a web directory is the simplest, quickest, easiest method. It can let you obtain listings for numerous businesses, lend your directory instant recognition, and then expand upon your database as time goes on. Each listing added to you web directory actually means more potential customers, and each customer means more advertising dollars.

Certainly, when you register to any web directory, the prospect for your business success is wide open. With so many advantages offered by the web directory, you can utilize them in order to increase your business and make more earnings.


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Men’s wholesale clothing distributors fill a very important position in the clothing retail chain. Without them, many small retailers will be totally stranded. Let’s briefly examine their role in the system.

If you have a clothing store or even if you are a stall holder, you need to get your inventory from somewhere. It will be very cumbersome to visit every factory yourself and try to negotiate a deal with them. Most of the time they will simply not be interested in your order size anyway.

A further problem is that many products are imported. There is no way a large exporter in China will be convinced to send a couple of items to a store owner – these guys deal in large quantities, normally container loads.

In come the men’s wholesale clothing distributors. Their role is to source clothing from the various manufacturers and make it available to retailers. The benefit for the retailer is that he has a large variety of items to choose from, all under one roof.

This variety aspect alone makes it worthwhile for the store owner to purchase from a wholesaler. If you have a general clothing store there is nowhere else that you will find general and specialized clothing for men and boys, as well as clothing accessories, under one roof at an agreeable price.

Because the wholesaler buys large quantities of clothing from the manufacturer with every single purchase, he can negotiate a much better price than a small buyer would be able to do. This discount is often his profit and the retailer therefore buys the item at a price that he would never have been able to get elsewhere.

Often wholesalers will provide credit to retailers that have been buying from them for a certain time. If you as a retailer can arrange such a line of credit, you could probably sell the item even before you have to pay for it. This means none of your own money will be tied up in inventory.

Even if you have a specialized order, such as a customer that wants a few hundred T-shirts with his company logo, your clothing wholesaler could well be able to help you. These guys often have a close working relationship with so-called cut, make and trim (CMT) manufacturers who are able to fulfill custom orders. Buying from men’s wholesale clothing distributors therefore makes a lot of sense for a retailer.


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How can directory links help in improving search engine rankings:No one can be really sure of what exactly it takes to get on top of the search engine results. There are a so many factors involved like; Search engines give importance to the number of inbound links to your site when ranking it for a given position during search and one way links are thought to be valued more than reciprocal links (links exchanged with other sites). Directory links can help in giving a boost to your already existing search engine rankings and increase the link popularity of your site. * It has been established for a fact that all search engines value the importance of links. This is quoted from Google’s Guidelines for Webmasters: When your site is ready: Have other relevant sites link to yours. Source: http://www. google. com/support/webmasters/bin/answer. py?answer=35769 * This is quoted from Yahoo’s guidelines Correspond with webmasters and other content providers and build rich linkages between related pages. Source: http://help. yahoo. com/help/us/ysearch/ranking/ranking-02. html * Since it’s clear that links are important, the question is ‘do directory links count as well?’ Well, this is to quote another pointer from Google’s Guidelines for Webmasters: Submit your site to relevant directories such as the Open Directory Project and Yahoo!, as well as to other industry-specific expert sites. Source: http://www. google. com/support/webmasters/bin/answer. py?answer=35769 Google’s guidelines state that you should submit your site to relevant directories. What makes a directory relevant to your site? Well, there are a number of general directories out there that include sites from all categories. * So would these directories be counted as relevant directories? Well, they would to a certain extent, if there was an available category related in some way to your site’s theme. Placing your link in a relevant category in a general web directory will help search engines categorize the main theme of your site and the link would count, to search engine rankings. To conclusion is that while submitting your site to general web directories will not harm your site in any way, the directory links will help for building your site’s link popularity which can only be more helpful than harmful in your search engine ranking efforts. Given the fact that most general web directories are free to submit to and there being quite a few directory submission services like ours that will help save your precious time in submitting your site.


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As more businesses consider replacing their old PBX phone system with a more cost effective and functional VoIP system, the value of using a voice technology consulting firm to help choose the most appropriate VoIP vendor and configuration is becoming more apparent. While there are significant long term savings to be had by replacing your traditional office phone system, there are many variables and options involved in the technology that can cause decision makers to get a little overwhelmed. The fact is that businesses are rather spoilt for choice when it comes to VoIP solutions and the potential capabilities. The initial investment in VoIP technology needs to be done right and a VoIP technology consultant can ensure that your new telephone system is the right one for your business. Independent Assessment of Requirements A voice technology consultant can independently assess what your particular requirements are and what kind of solution would best suit the business now and into the future without blowing out your costs. A consultant who is independent of the vendors can give ‘frank and fearless’ advice to a business who is looking to take steps towards embracing VoIP technology and its many benefits. Going direct to the vendor might not get you the best solution because their services will not necessarily provide everything you need or at the best price. When you engage a consultant to put together a business communications solution, that consultant is being paid specifically to find the best solution possible at the best price rather than attempt to sell you the biggest most expensive deal. Proprietary Equipment and Software vs Open Source When assessing hardware requirements, a good voice technology consultant will not lock you into using proprietary technology, especially if you are using VoIP technology. From the server to the telephones themselves, there should not be any reason to be sold hardware that exclusively works with certain VoIP providers and not others. Also the business grade VoIP software can often be exclusive proprietary property that constrains who can configure it. This sort of thing can leave you in the cold if you can’t get proper support or can turn out to be very costly. Rather than navigate this minefield by yourself, you can avoid the subtle tricks and pitfalls of ISP and Telco deals by consulting an independent professional. Understanding VoIP Capabilities VoIP is a very useful, yet complicated technology. Although the technology is more reliable now than ever before, the sheer number of customised functions that can be implemented in a business setting has probably served to confuse many who have been talking to vendors about their various products. This isn’t helped by non-VoIP telcos who offer the traditional PBX solutions to businesses and who can give false or bad information about the state of VoIP technology whilst having an interest in steering you clear of using a VoIP phone system. VoIP can do so much more than the old office PBX system. Ensuring a Reliable, Robust VoIP Solution Business grade VoIP is a very robust solution, but is greatly dependent on how robust your Internet connection is. If your Internet connection fails and a backup is not available, your phone system will also go down. That is why it is worth having two broadband Internet connections as a fail-safe. Both connections can be utilised at the same time office wide using a load balancing router. If one broadband connection fails, the second will take over. Another way to ensure that your voice calls over the Internet are of the highest quality is to configure your VoIP server to prioritise voice data packets above normal data packets. In other words, your voice call traffic will always get priority over your network than emails and web traffic. This is not enough, however, what about when your voice calls leave your office network and is sent across the Internet by you Internet provider to switch though to your call destination? There voice call needs to be ensured that it will retain quality the whole distance to the other end. A voice technology consultant will make sure that the Internet provider is also prioritising your voice packets as well. This kind of attention can mean the difference between good call quality and poor call quality. Unified Communications Consultancy As enterprise voice solutions move further into the mainstream and the benefits realised, so will the benefits of consultants in this area of expertise. Interestingly, many experts in the field of VoIP and Unified Communications are also largely by default also experts in office networking. Because of the technologies dependence on complicated data networks, communications technology consultants need to be very knowledgeable in this area. Whether you have a small or large business, AWD can provide reliable, robust and cost effective set up of a VoIP solution that suits your needs and can grow with your business without hassle . Contact AWD about our Unified Communications Consultancy services.


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