Most of us are comfortable using credit cards, especially in UAE, a spending-savvy country. However, credit cards come with the risk of debt accumulation, high-interest charges, risk of theft, etc.
Payit, in collaboration with the Indian Women in Dubai (IWD), successfully organized the third “Real HERoes” event session. The event was a sincere and enlightening gathering that honored women as genuine heroes and sought to empower them on their path to financial independence.
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 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.
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.
Online money transfers have become integral to your financial routine, whether sending money to your home country or simply paying the bills. The ability to send money across borders with a few clicks has brought unprecedented convenience to our lives. However, with this convenience comes the responsibility to navigate the digital domain safely and securely.
The UAE residents were greatly relieved when the Golden Visa rules were updated in October since it removes the hassle of renewing the visa every year. The residents can now get a golden visa with 10-year validity, a reduced investment, and no purchase transaction restrictions.
While the expat population comprises almost 88.52% of the country’s population, it is no wonder why the UAE is the second largest contributor in the world in terms of foreign remittances.
On July 18th, Payit collaborated with Indian Women Dubai (IWD) to host a panel discussion on financial independence for women. Three guest speakers, including Fatima Marting, Principal of Gems New Millennium School, Mitun De Sarkar, Clinical Dietician and Founder of Simply Healthy, and Dr. Rajul Matkar, Obstetrician, and Gynecologist, shared their insights on how women can educate themselves about personal finance and take control of their finances.