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Showing posts from August, 2021

Planning to Transfer Money Abroad Online – Avoid These Common Mistakes

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 International payments are not that easy! Whether you are planning to move, making a business payment, or simply sending money to a family member abroad, there are many ways to get it done. Thanks to modern technology and, the internet, that has made the process easier to send money online instantly. The transactions are now quicker, safer, and affordable. But what about the common mistakes that you do while transferring money abroad. Let’s take a glance at some of them: a) Not aware of the actual exchange rate b) Entering wrong recipient details c) Paying high transfer fees without enough knowledge  d) Becoming victims of common scams e) Not checking the proper delivery time Avoid Common Mistakes If making the right decisions when sending money online seems difficult to you, don't worry. We're here to help. It’s time to look at the ways you can mitigate these common mistakes. a) Pay Attention to Exchange Rates Depending on market conditions, exchange rates can change rapidly.

How to Set Up Your Business in Latvia- 4 Key Steps

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As of 2018, 20 to 30% of Latvia's population of about 1.92 million lived abroad. Many working Latvians send money to Latvia to support their family and friends. It’s also a fact that money transfers received in Latvia accounted for 3.57% of GDP in 2018. But setting up a business in Latvia isn’t so easy. Factors like resource centralization, financial transfer barriers and demographic problems are still there to cope with. And things become more annoying when you think of setting up a business but don’t have the right medium to meet your financial requirements.  This is the case where our Tamsey app is extremely useful to people who want to start business in Latvia.  With this amazing platform, we strive to help businesses send money to Latvia easily. Through the Tamsey app , you can send money to any Latvian via a cash pickup or bank deposit.  Keep reading below to know how Tamsey can help in setting up a new business in Latvia: Starting a business in Latvia: 1. Determine your typ