On October 14th, 2023, Payit partnered with the Bayanihan Council Abu Dhabi during the Leadership Summit 2023 at Novotel Al Bustan Abu Dhabi. The Ambassador of the Philippines to the UAE, H.E. Alfonso Ferdinand Ver, was present and witnessed the signing of the Memorandum of Agreement on the same day.
A significant portion of the workforce includes domestic maids and laborers from various corners of the world in the UAE. While the country offers tremendous opportunities and a high standard of living, it also presents unique challenges when it comes to paying wages and managing financial transactions for these essential house helps.
As Halloween draws near, the promise of spine-tingling and exciting festivities loom. Rooted in ancient traditions, Halloween has evolved into a vibrant and beloved festival. It’s a time when people come together to embrace the spooky, celebrate creativity, and immerse themselves in a world of imagination and fun.
Kids are back to school to start their new academic year in Dubai, but many parents still need to buy school essentials. While many deals are available for your kids’ school supplies, we have picked the best ones for you, so you only need to head to the right shop this weekend.
UAE to Philippines
The UAE Dirham (AED) and Philippine Peso (PHP) exchange rate is highly volatile and can change rapidly based on real-time events. Thus, you must be extra careful when sending money from the UAE to the Philippines.
Whether you support your family back home or make other financial arrangements, ensuring your hard-earned money reaches its destination safely and cost-effectively is crucial. This blog explains people’s five most common mistakes when transferring money from the UAE to the Philippines.
The ICC Cricket World Cup 2023 has arrived, and the UAE is buzzing with excitement about how to watch it. Whether you want to catch the action on television sports channels or through online streaming platforms, we have made a list of popular sports channels where you can watch the biggest World Cup of 2023 live from home.
The Nepali Rupee (NPR) and the UAE Dirham (AED) exchange rate, commonly known as the Nepali Rate, is a vital economic metric influencing various financial activities.
Many factors, including the economy and trade between the UAE and Nepal, influence the Nepali Rate. For example, the UAE exported $505 million to Nepal, and Nepal exported $4.01 million to the UAE in 2021 . This trade balance affects the strength of each country’s currency.
Digital wallets are reshaping how we handle money, offering ease and flexibility that often outperform traditional banking methods. Payit, a standout in this field, has been instrumental in this transformation, especially in the United Arab Emirates.
According to a study from the University of Oxford, frequent communal dining is linked to increased happiness and life satisfaction. This makes the ability to easily split bills for meals with friends and family not just a financial convenience but also a contributor to well-being.
Transferring funds back home is often a routine financial task, yet it can become expensive without the right know-how. While the fundamentals of exchange rates and fees are generally understood, a more nuanced understanding can lead to substantial cost reductions.
This post digs into those advanced aspects. It’s tailored for individuals with a foundational understanding of international money transfers and looking to optimize their financial decisions. The discussion will cover the intricacies of exchange rates, the actual costs behind so-called free transfers, and the pivotal role of timing in financial transfers.
Cybersecurity analysts report that as many as 3.4 million Phishing attempts were detected in the UAE in just one quarter of a year. The country’s economic prosperity and cultural diversity make it a prime target for various scams, from real estate fraud to identity theft.
This blog aims to dig into these sophisticated scams, shedding light on the methods that are often overlooked but are equally damaging. The focus is not just on raising awareness but on providing actionable insights.