Wise, Financial technology company, stated that users in India could now send money abroad to 44 countries worldwide.
That includes Singapore, the United Kingdom, the United States, the United Arab Emirates, and countries in the eurozone.
According to the Reserve Bank of India data, India’s outward remittances in 2019-2020 were about $18.75 billion. Under a liberalized remittance scheme, the central bank allows citizens to send up to $250,000 abroad to fund personal expenses or education per financial year. It begins in April and ends in March the following year.
Wise, formerly Transferwise, is an innovative application that connects people who need to exchange two opposing currencies, saving you up to 90% of the cost of doing so with the other existing alternatives.
The first Skype employee has created this system. Skype has already revolutionized communications in the past, which is a good sign that we are talking about an innovative company.
In addition, the company has won the Financial Times ArcelorMittal Boldness in Business Awards. In previous editions, this award has been won by important companies such as Twitter and GoPro.
Using Wise couldn’t be easier. To begin, register using this link: https://wise.com/.
You will be able to make your first free transfer in 4 simple steps:
Quick Look: Bitcoin price currently consolidates around $57,000, down by 5%; Fed maintains high interest… Read More
Quick Look: Microsoft invested $1 billion in OpenAI in 2019 to catch up with Google… Read More
Ethereum in Ascending Channel: Risk at $3,000, Upside to $3,500 Quick Look: Bullish Channel: Ethereum… Read More
PayPal's Strong Start in 2024: $403.9B Payment Volume Surge Quick Look: Significant Volume Increase: PayPal… Read More
XTB announced its entry into the UK's £400 billion ISA market less than a quarter… Read More
In this BTN Centre review, we will embark on a trading journey, where cutting-edge technology… Read More