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 […]
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 […]
7 Productivity Hacks for New Teams
So your startup has a mission, and you’ve hired a talented team to help you get there. As a new team, how do you establish systems and processes to boost productivity and get more done in less time? Here’s a roundup of seven of our top favourite tools that help us strike things off our […]
