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Banks rely on certain systems to send and receive money worldwide. Though many such protocols exist, two of them stand out. These are I.B.A.N and S.W.I.F.T. Let’s dive in and see how these two methods work, and the best uses for each of them.
InstaReM is a digital platform for sending money overseas. Based out of Singapore, it allows you to send money internationally, both for personal or business reasons, using competitive exchange rates. InstaReM has offered a global payments solution to over 130 million customers from many different countries and industries. InstaReM is now rebranding to be part of Nium. Let’s take a look at what this means for the company and its customers …
One of the easiest ways to send money electronically is by using Wire Transfers. Although wire transfers are typically foolproof and well-protected payment methods, things can sometimes go wrong. But, can you get your money back after a wire transfer is initiated?