Remittance News

The RBI has issued a new rule that requires foreign exchange to be surrendered after 180 days if it is unused or unspent.

India is set to reach a record in 2022 by reaching $100 billion in remittances, more than any other country globally.

Check out CompareRemit’s latest release of a Spanish language version of our website for Spanish speakers and remittance to Mexico.

Learn more about CompareRemit's new mobile international money transfer comparison app and begin your first transfer through our trusted partners today.

What influences INR to USD? How to find the best USD to INR rate today to send money from the USA to India.

On Sunday, April 3, 2022, CompareRemit released the latest version of its app. The launch of the new app is the first step in many changes as the company moves to be platform agnostic - the app is available for free for both iOS and Android.

PayPal, Venmo, and Cashapp will be taxable in 2022. Everything you need to know about the new P2P platforms tax laws in the United States.

The Indian Holi festival holds an overarching theme of new beginnings, love, and letting go of the past. On Holi, it is encouraged for people to forgive and forget by renewing broken relationships, making new friends, and paying off old debts. The idea is to shed the burdens of your past and start fresh and anew.

Find out what is ODI, difference between FDI and ODI, and why is RBI issuing notices to investors using ODI route.

Learn more about the factors that impact the EURO USD exchange rate and expectations of EUR/USD in 2022.

Wise and Remitly suspends business in Russia. Remittances to Ukraine surge. Crypto exchanges continue to operate.

Key takeaways from Union Budget 2022 for NRI taxpayers and investors. Crypto tax, LTCG tax cap, e-passport, and more.

Know in detail about the new tax rules on foreign fund transfers and learn ways to get your money back in your income tax return

Do travelers check Are Traveler's Checks Still Used Today to Carry Currency Overseas?

How should an OFW choose the right Philippine bank for saving their hard-earned money earned abroad

Learn how social media is reshaping global money transfer with a comparison of facebook,wechat and google wallets

Bangladesh is one of the leading countries in terms of utilizing mobile wallets for inward remittances

One can argue that while Satoshi Nakamoto invented Bitcoin, it is India that may well be the first country to entrench its credibility as an alternate monetary system.

Regulation E & Remittance Transfer Rule: Read about the new federal remittance transfer rules that provides protection to consumers who send money overseas.

Now that Citibank has announced its exit from India, what does that mean for your NRI account with them? Will you have to close your account or will it get transferred out? All your answers here.

Understanding the different ways in which India's currency ban will affect NRIs in the United States

The US Dollar is Getting Stronger Against the Indian Rupee

The margin between USD vs. INR increases. Find out why the value of the rupee keeps falling against the US dollar

Learn how remittances and payment channels work together to get you rmoney to its destined location