CYS INSIGHTS

A Report by CYS Global Remit Digital Media Marketing Team When sending money overseas, a transfer service advertising “zero fees” can sound like an easy choice. After all, why pay a transaction fee when another provider promises to send your money for free? But before choosing a service based on that headline, there is one important question worth asking: Are you actually getting the best deal, or are you simply paying in a different way? The answer often lies in the exchange

A Report by CYS Global Remit Digital Media Marketing Team You have made the payment, received a confirmation and informed your recipient to expect the money. But hours or even days later, the funds have yet to appear in their account. It is a frustrating situation, especially when the payment is meant for an important expense, a family member waiting for support or a supplier expecting settlement. If your international money transfer is delayed, it does not necessarily mean t

A Report by CYS Global Remit Digital Media Marketing Team When sending money overseas, most people want the same thing: to make sure their recipient gets as much as possible. Yet, many people focus on the transfer fee without paying enough attention to the exchange rate. A provider advertising low or zero transfer fees may not necessarily offer the best overall deal. The difference could lie in the rate used to convert your Singapore dollars into the recipient's currency. So,

A Report by CYS Global Remit Digital Media Marketing Team As banks and card networks experiment with tokenised settlement, businesses that pay overseas suppliers need a clear view of what stablecoins can and cannot do. Hardly a week goes by without another bank or payment network announcing a stablecoin pilot. Tokenised dollars are being tested as a settlement layer for cross-border transactions, and much of the commentary casts them as a quicker, cheaper alternative to the c

A Report by CYS Global Remit Digital Media Marketing Team One small mistake can delay an international payment. And sometimes, the consequences are much bigger than the mistake itself. Imagine this. Your company needs to pay an overseas supplier. The invoice has been checked. The amount is correct. The exchange rate has been agreed. The payment is submitted. You receive confirmation that the money has been sent. Everything appears to be in order. Except for one thing: One di

A Report by CYS Global Remit Digital Media Marketing Team Singapore is one of the most connected cities in the world. People arrive here to work, study, build businesses and create better opportunities for themselves and their families. But while many may call Singapore their workplace or temporary home, their families, responsibilities and financial commitments often remain thousands of kilometres away. Every month, money travels alongside these connections. From Singapore t

A Report by CYS Global Remit Digital Media Marketing Team For anyone who has spent time in China, one thing quickly becomes clear: Your phone is often your wallet. From breakfast in the morning and a ride across town to shopping, mobile top-ups and everyday purchases, digital payments have become deeply woven into daily life. And for many people, Weixin is right at the centre of that experience. For foreigners living, working, studying or spending extended periods in China,

A Report by CYS Global Remit Digital Media Marketing Team For anyone making an international payment, seeing a status that says “Payment Sent” can feel like the end of the process. The money has left the sender. The transaction has been submitted. Surely the recipient should have it by now. Not necessarily. In cross-border payments, there can be several steps between a payment being sent and the beneficiary actually receiving the funds. Understanding what happens in between c

A Report by CYS Global Remit Digital Media Marketing Team For many businesses, the client relationship does not end when a deal is completed. A property agent helps a client purchase a home overseas. An immigration consultant helps a family relocate to another country. An investment firm helps a client access opportunities in a foreign market. But once the paperwork is signed, another practical question often appears: How does the client actually move the money? This is where

A Report by CYS Global Remit Digital Media Marketing Team Saturday mornings at CYS usually start a little later. But on 29 August, the team was already up and about by 9am, ready for a different kind of weekend activity. As part of CYS’ bi-quarterly CSR initiative, the team headed down to NTUC Health Nursing Home (Geylang East) for a carnival-style day filled with games, karaoke, colouring, bingo, ice cream and plenty of laughter. The mission was simple: spend the day with th

Behind Every International Payment Is a Reason — and Someone Waiting on the Other Side A Report by CYS Global Remit Digital Media Marketing Team Somewhere today, a parent will receive money from a son or daughter working thousands of kilometers away. A student's education will be paid for from another country. A family will use money sent from overseas to cover groceries, rent or household expenses. A supplier will release an order because an international payment has arri

A Report by CYS Global Remit Digital Media Marketing Team For many people, sending money overseas is simply part of the monthly routine. A transfer is made. The money arrives. Life goes on. But on the other side of that transaction, someone may be waiting for it. That monthly remittance could become a family’s grocery budget. It could pay a child’s school fees, cover the rent, support ageing parents or simply help meet the everyday expenses that keep a household going. For th

A Report by CYS Global Remit Digital Media Marketing Team For Singapore businesses sourcing products, materials or services from the Philippines, paying suppliers is an essential part of keeping operations moving. Yet as trade between the two markets grows, businesses need to look beyond simply sending funds from one account to another. A smooth supplier payment can affect everything from delivery schedules and inventory planning to supplier relationships and cash flow. More

A Report by CYS Global Remit Digital Media Marketing Team This past week, we headed down to the Suntec Singapore Convention & Exhibition Centre on a bright morning, where the venue had traded its usual quiet for something a lot more festive. Rows of branded merchandise, artisan hampers, tech gadgets, and eco-friendly keepsakes filled the hall, all under a canopy of black and yellow balloons welcoming visitors to Singapore's biggest corporate gifting showcase. The Corporate Gi

A Report by CYS Global Remit Digital Media Marketing Team Not long ago, managing international business meant juggling multiple financial partners. One bank handled overseas payments. Another institution managed foreign exchange. Collections came through a separate platform, while treasury and cash management were often managed independently. Each provider served a specific purpose, and businesses accepted the complexity as part of operating globally. Today, that expectation

A Report by CYS Global Remit Digital Media Marketing Team For decades, business success has often been measured by one number: Revenue. Higher sales meant growth. Growth meant success. And success meant the business was heading in the right direction. While that thinking still holds true, today's business environment is telling a different story. Increasingly, some of the strongest companies are not necessarily those growing the fastest—they are the ones managing their cash

A Report by CYS Global Remit Digital Media Marketing Team Why Smart Businesses Are Rethinking Cross-Border Payments When businesses look at cross-border payments, they usually focus on three things. Exchange rates. Transfer fees. How quickly the money arrives. That's understandable. After all, every international payment appears as another business expense. But what if we've been looking at cross-border payments from the wrong perspective? What if the real question isn't,

Why the Next Frontier in Cross-Border Payments Isn't Speed – It's Certainty A Report by CYS Global Remit Digital Media Marketing Team For years, the cross-border payments industry has competed on one promise: faster transfers. From real-time payment rails to instant settlement networks, innovation has largely been measured by how many seconds or minutes can be shaved off the payment journey. Speed has become the benchmark by which many providers define success. And rightly so

A Report by CYS Global Remit Digital Media Marketing Team Choosing a payment provider used to be simple: compare exchange rates and transaction fees. Today, that approach is no longer enough. As global trade becomes more interconnected and regulations more complex, businesses are discovering that the right payment partner can influence far more than just the cost of moving money. How fast are the transfers? What are the fees? Can they offer a better exchange rate? These are a

A Report by CYS Global Remit Digital Media Marketing Team For decades, global trade was built around a simple model: manufacture in one part of the world, ship across continents, and sell wherever demand existed. Businesses optimised for cost, often relying on long, highly interconnected supply chains that stretched across multiple countries. Today, that model is evolving. Around the world, businesses are increasingly shifting towards regional trade networks. Rather than conc