Money

There are many different ways to send money from one person to another. To choose a particular payment method, will depend on your needs and on those of your beneficiary, however; we recommend you to always compare the exchange rate offered for international transfers and the commission charged for the service. These are the most common payment methods: –Credit Card / Debit Card Allows you to make an online transfer with the digits of your credit or debit card. To choose this payment method with Small World: enter in www.smallworldfs.com register, choose the country where you want to send money and the amount and choose: debit / credit as a payment method. Then enter the details of your beneficiary and within minutes you will have your money sent! –Mobile Top up Enables you to recharge the balance of your or third parties local mobile from abroad to avoid the expiration of your SIM card. Payment is made online by entering the phone number of the beneficiary and the amount of credit. You will receive immediate confirmation through email or SMS. –Bank transfer  Means to transfer money from your bank account to the beneficiary online. The time it takes for the money to arrive depends on the countries of origin and destination and the existing agreement between the banks of both users. The procedure begins by creating an order of the amount determined for the recipient. After confirming the order, you have to make a bank transfer to the account of Small World with the same country of origin for the exact same amount of money that the order was made, including as a concept, the order number. Once the money arrives to your account, within 24-48 business hours the money is sent to the payer. It is a slower process, but it is very secure as it allows bank identification, a mandatory requirement, at least once; for each person in Spain in non-personnel transactions. –Direct Debit Allows you to make

Money comes in many forms including banker’s drafts, cheques, notes and coins. In addition, you may carry an ATM debit card or a credit card for shopping. The bank usually places a limit on the total amount of cash you can withdraw from your account daily from a cash machine. This limit in the UK is set to £500 a day. However, if you visit your bank for cash withdrawal, you may withdraw up to £2,500 without giving any notice in advance. In case you need to withdraw more than this amount, you will be required to pre-order a transaction in which the bank needs to be informed in advance. Online banking is a convenient way to inquire about your balance, transfer money to another account, and pay utility bills. This saves a lot of time as you can carry out these transactions from the comfort of your home. In addition, you may activate mobile banking to get SMS alerts whenever your account is credited with cash or you carry out a transaction and money is deducted. This is again a useful feature offered by banks and it can be used to monitor your account regularly. In case you need to make large withdrawals from your bank account in UK, you will be required to prove your identity. This is a security precaution to prevent theft and fraud. Banks keep your personal data safe and private and do not sell it off. There have been issues of identity theft because of which banks are taking additional measures to protect their customers from fraud. Online fraud is becoming very widespread and therefore it’s a good security measure to first prove your identity before withdrawing cash from your account. In the UK, you may be required to produce either your passport from the United Kingdom or a driver’s license to prove your identity. You may also

Online banking is beyond doubt, still an evolving stream of business operations, which has had its share of challenges, and has emerged from time to time. Studies show that at least 49 percent of businesses were the victims of cyber criminals, who stash away money through unauthorized access. While financial sector worldwide is facing the wrath of technology and growth of ecommerce, newer rules and regulations are being carved out to check this menace. On the other hand, directives are being rolled out to protect the best interests of the consumer, by transforming the way in which financial data is exchanged. Presently, Europe has been on the forefront of cyber reforms, with prime focus on banking and privacy. The European Union (EU) has recently rolled out the Payment Services Directive (PSD2) which is all set to result in a complete metamorphosis of how online payments are made and the financial data is processed, so as to ensure better protection and enhanced security to the customer. This legislation ensures that certain intermediaries no longer profiteer through hidden charges and concealed exchange rates. As a Small World customer, you’d be pleased to know that we had all these mechanisms in place, prior to these being made mandatory. Our Business Ethics have guided us to provide our customers with the most comprehensive security measures, and the best exchange rates. Hence, Small World remains fully complied with the recent requirements put forth by EU. Let us now dive into some of the core concepts related to this reform. What is PSD 2 and SCA? Back in November 2016, the PSD 2 was rolled out with a mandate that The EU countries must incorporate necessary changes as per the directive within a span of two years. However, by 14th September, 2019 PSD2 will be through

The past decade has seen a steady rise in the number of economic immigrants — those born in one land but work in another. These immigrants stay away from home, doing the best that they can for their people back at home. They work hard, cut down on their expenses and save up every penny they can, only to send it back home. In their quest to improve the lives of those back in their homeland, they continue to sacrifice their own desires. To these immigrants and their families, the exchange rates make all the difference. They use this to send home smaller amounts, which are no longer small once converted into their native currency. They typically make use of this to meet the basic necessities and to improve the living standards of those back at home. In fact, according to the United Nations (UN), over 200 million people stay away from their homeland to fend for 800 million others, back at home, largely dependent on them for their survival. The genesis of the International Day of Family Remittances (IDFR) The UN has recognized the efforts of immigrants who persistently work towards the betterment of their families and community, back in their homeland. Therefore, in 2018, vide resolution adopted by the General Assembly on the 12 th  Day of June 2018, identifies 16th June as the International Day of Family Remittances (IDFR).”> However, the first IDFR was celebrated on 16 th  June 2015, after it was unanimously accepted by all the members of International Fund for Agricultural Development (IFAD). The IFAD is a UN wing that works towards the eradication of poverty and hunger and is focused on developing countries. Since the immigrants support close to a billion others and help improve their living standards, the UN Agency has dedicated 16 th

The United Kingdom is a dream destination for aspiring Entrepreneurs in the Small and Medium Enterprises (SME) sector. Also, the fact that at least 99 percent of all private sector businesses in the UK comprises of SME, the UK attracts aspiring Entrepreneurs from across the globe. So if you dream of starting your business in the UK, then you need to chalk out a viable plan of action — one that helps you get through the formalities, and also benefits you in the long run. To help you plan your entrepreneurial venture in the UK, we now bring you information and suggestions that can make the entire process smoother and easier for you. Nature of Business ​ You need to identify the nature of your business — investing, operational, manufacturing, trading or something else. All of this is going to form the basis for further research. Next, subject to the type of business you wish to carry out, you may have to apply for certain certifications and licenses. So, the next step is to identify and execute all the necessary paperwork required to legitimately carry out that business in the UK. Getting your visa becomes much easier when you complete this step. Choosing the Right Legal Entity ​ If you plan to set up a business in the UK, then you need to plan the right business structure, and therefore need to have absolute clarity about the available options. In the UK, you can run your business as a sole proprietary, establish a partnership firm, or choose to incorporate a private limited company. However, you must bear in mind that each of these entities would receive a distinct tax treatment. So, it is recommended that you talk to an Attorney and a qualified Chartered Accountant to get the most out of your

Since ages, UK’s strong economy has attracted immigrants from across the globe, and the trend seems to continue. So, if you’ve been exploring career opportunities in the UK, then your number one choice should be the gaming industry. The UK has the world’s fifth largest and Europe’s second largest interactive gaming industry, which contributes over £1.8 billion towards GDP. How did Gaming industries flourish in the UK? ​Back in 2015, the UK Government identified the hidden potential of the interactive gaming industry and rolled out favourable polices to nurture its growth. In doing so, the UK Government adopted a two-step approach and released close to $5.2 million in order to support the domestic gaming companies that lacked finances and infrastructure. The UK Government did not stop there, and also rolled out favourable tax regulations which provided tax breaks and credits to those willing to expand their footprint and operate in the UK. All this flexibility has attracted innumerable foreign investors and contributed to the growth of UK’s gaming industry. What makes the UK Gaming Industry Gigantic? The UK houses Europe’s second largest interactive gaming industry, only after Germany. The UK’s interactive gaming industry is driven by passionate professionals, keen on delivering the most creative and innovative services, and equally enthusiastic consumers, eager for yet another new game. The UK alone has over 32 billion people glued to their video games, so there’s a ready domestic market for the gaming companies. However, domestic sales generate hardly about a fifth of the total revenues generated by the UK’s gaming industry. The remainder comes from overseas sales, and that makes the UK richer each year, and further strengthens its economy. Career opportunities in UK’s Gaming industry ​ According to reports, the UK’s gaming industry employs around 47,000 professionals and contributes around US $3.5 billion to the Government, in revenue. Now that makes