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EU

Export to Europe

By | Banking, Money transfer

Sending or Receiving money to/from your dear ones requires a great deal of concern. So you always evaluate the way you are using. The major issues found in money transfer are time issue, charges/processing fee issue and reliability. There are many ways to transfer money in Europe. Let’s have a closer look on the following ways of money transfer in Europe.

Cash to Cash Method

Walk in money transfer centers are built in order to use for money transfer. The example of such type of center includes Western Union and Money Gram. You just have to provide cash to the center and that cash will be converted into the currency of the destination country and then will be received by the recipient on the other hand.

Through Bank Accounts

For using this type of method for money transfer you just need to have a bank account. You draw out your money from your bank and transfer it into the recipient’s bank account, like Bank Account in Italy. This process can be done on phone by providing account numbers. Wire transfers are also in trend for money transfers but this type of method requires high transfer fee.

Through Credit and Debit Cards

Debit cards and Credit cards are also used for money transfers. If we make use of these in centers like Western Union and Money Gram, process of money transfer speeds up. However it’s not an economical approach because it is expensive as compared to the bank accounts, and for other b2b pay.

Using Prepaid Debit Cards

In this type of method funds are transferred to the destination through prepaid debit cards. The receiver can use easily and fulfil needs through it. But the processing fee in this case may cause you re think over this method for global b2b payments and Export to Germany. The processing fee varies from one prepaid card to another card.

Using Cell Phones

This is to facilitate you that using your cell phone’s browser you can access website of money transfer. There are different applications available for money transfer with the progress in technology sector. For example you can use Pay Pal account or you can use Western Union account for funds transfer according to your feasibility.

 

Holvi: banking for small EU businesses

Holvi: online banking for small businesses in EU

By | Banking

Banking can be quite annoying for small businesses. Setting up a bank account can valuable take time and banks usually charge a lot more to their business account holders than to private clients. The Finnish Holvi plans to change this and profiles itself as the bank for small businesses inside the EU. It’s ready to accept new accounts in Germany, Austria and Finland.  Businesses in other countries can sign up as well but have to accept incomplete translations. Holvi means vault in Finnish.

Vision: online banking for small businesses

The vision is quite extended. Here’s a significant part of it:

There are around 40 million small business owners in Europe. The micro business segment is the fastest growing macro segment in Europe.  Holvi is built from the ground up for these customers –  Europe’s largest underserved sector. One thing they all have in common is that every small business needs a bank account, and financial tools to take care of their business. This is what traditional banks are not offering and we are  enabling the bank account to solve the financial administration and integration seamlessly for them.

 

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