Send money, but at what cost?
The % cost of a remittance according the World Bank for 2024
What is 6.60%?
It typically takes 3-5 days to send one of these
What is an international payment?
What is the US Department of Treasury?
This bank to bank communication network is also known as "SWIFT"
What is Society for Worldwide Interbank Financial Telecommunication?
The largest hidden cost of an international payment
What is Foreign Exchange Spread?
This is the slowest day to send money internationally
What is Friday?
There are 180 of these world wide
What is currencies?
Also known as NACHA, this non-profit that operates the ACH network
What is the National Automated Clearing House Association?
The difference between the bid and ask price of a currency pair
What is the mid-market rate?
The two largest factors in slow or failed international payments are payment rails and this...
What is regulatory compliance?
This government controlled payment network is the largest in the world
What is the UPI?
Also known as "CHIPS," this entity, not owned by NACHA, settles high value payments
What is Clearing House Interbank Payment Systems?
What is Africa?
This US regulation that allows for disputing transactions is the largest regulatory reason for slow fund movements
What is Reg E or EFTA?
6% is the error rate of this ubiquitous bank to bank communication network
What is SWIFT?
The European equivalent of the NACHA network
What is SEPA?