GEMx Technologies Empowers Education in Underserved Communities
In the heart of rural Cambodia, nestled just outside the bustling town of Kampong Cham, lies Madrasah Tahfizul Furqan Lilbanin Walbanat, a beacon of hope and knowledge for the local community. For over a decade, this educational institution has been a lifeline for hundreds of students, providing not only academic education but also spiritual guidance in […]
Guide to Streamlining Your International USD Transfers
Are you a Singapore-based SME looking to expand your business globally? Sending and receiving payments in USD is essential for international trade. Even if your suppliers are not in the US or not trading in USD, they may just prefer transactions in that currency as it offers better prices and exchange rates. However, finding the […]
How Exchange Rates Impact Small-Medium Enterprises
The world of international trade is no longer dominated by just large corporations; now, small and medium-sized enterprises (SMEs) also participate, benefiting from technological advancements and global market access to expand their reach and compete internationally. Yet, navigating this expanded arena comes with unique challenges, particularly the influence of foreign exchange (FX) rates. Understanding and […]
Uzbekistan and Singapore: Modern Silk Road’s Hub of Opportunity
In the history books, there’s a fascinating story about the Silk Road, a network of trade routes linking different parts of the Old World, connecting the East and the West. This allowed people to trade goods, exchange ideas, and experience different cultures. Uzbekistan, located in Central Asia, was a key stop along this historic trade […]
It’s a special day at GEMx Technologies as we celebrate our 2nd anniversary!
Over these incredible two years, we’ve been on a journey of innovation, empowering businesses and individuals with seamless cross-border payments, multicurrency management, and financial freedom. 💯 We want to extend our heartfelt gratitude to all our clients, partners, and the entire GEMx family for being a part of this amazing journey. As we look ahead, […]
GEMx Technologies Shines at Singapore Business Show 2023
The Singapore Business Show 2023, held at the prestigious Singapore Expo on the 30th and 31st of August, proved to be an exhilarating two-day journey for the GEMx Technologies team. This grand event boasted more than 300 industry-leading exhibitors, all showcasing the latest products and services essential for propelling businesses to new heights. From cutting-edge […]
Decoding Banking Terms – Sort Code, Swift Code & Account Number
In the world of money transfers, there are different ways to move funds – from paying local suppliers for goods, transferring salaries to local outsourced teams, and sending money to your personal connections through mobile internet bank transfers, wire transfers, or digital apps. While these methods facilitate domestic transactions, navigating cross-border financial exchanges requires you […]
Understanding the Difference Between Exchange Rates and Transfer Fees: Why It Matters for Your Business Transactions
The world of finance can be complex to understand for business owners. For business owners engaging in international business transactions, one area that can be mind-boggling is comprehending the distinction between exchange rates and transmission costs. This article will clarify these key concepts and their significance in international business transactions. We will explore the definitions […]
Swift Payments: Levelling the Playing Field for Small Businesses
What is Swift? Swift, which stands for Society for Worldwide Interbank Financial Telecommunication, is a secure messaging network that enables financial institutions worldwide to send and receive information about financial transactions. In simpler terms, it is a system that facilitates international money transfers between banks, making it possible for businesses like ours to send or […]
Scaling Up with E-Wallet Digital Solutions: A Guide to Fast and Efficient Cross-Border Payments
In today’s globalized business landscape, scaling up and expanding operations often involves collaborating with overseas suppliers and a global team. This new modus operandi is raising the stakes in businesses as they have access to an open market, creating new opportunities, and product innovation, enriching a company’s diversity, and bringing a wide range of skills […]
