Monetary transfers internationally as a whole has been a murky, dubious area of globalisation for those who have found work and careers overseas and who naturally would share the fruits of their efforts with family back home. Fortunately, the digital and online environments (which are increasingly multilingual and accessible to the majority of people using inexpensive mobile devices) are a clarifying and empowering force. International money transfers are such a huge phenomenon in today's global world that it also holds big profits — which is why reform of this money-moving business shows significant results.
New Financial Alternatives
Overall, we could say that the Internet and especially the mobile Web has done wonders in the area of personal banking. Online instruments and control panels for bank accounts or even investment funds prove secure, easy to use and powerful tools with which to manipulate personal funds or send cash to others. This example is part of a wider DIY (do-it-yourself) trend that the Web offers for many areas of our lives.
Although financial experts and advisors always will be needed (since the regulatory and trading scenarios are so complex and opaque to outsiders), people are capable of doing two significant things for themselves now: (1) search for information about financial matters to learn independently, and (2), go ahead and set up online control of their money.
The other crucial development, of course, is in the area of spending. Most initial fears about buying things online (let alone transferring funds or trading on stock markets) are now much quieter, simply because a lot of secure online business indeed is taking place. There are, to check all that monetary traffic, adequate safeguards and safety systems against such things as errors, fraud or identity theft issues.
Purchasing and Transfers with E-Wallets
To prove the point of how mundane and common Web-powered money tools have become — for those with bank accounts and valid online identities, granted — we only need to look at the example of online entertainment, which is worth billions globally today.
Within that industry, probably the most telling instances of public trust in online financial transactions generally are cases when people are willing not only to buy things but also to gamble their money over the Web, or pay for immaterial entertainment products like games.
For example, online casinos are not a fringe sport any longer, with many countries around the world (even states with America) moving to regulate online gambling. Their motives are financial as well, since taxation of online casinos (like land-based casinos) is lucrative. Social acceptance of online bingo, slots and even live multi-player card games on mobile devices has risen dramatically and demand for the games continues to grow.
This has given rise, interestingly, to many new alternatives to using a credit card online (which is just about the most risky way to pay, from having to supply so many personal details). E-wallets such as PayPal, accepted at many reputable casinos, allow people to send cash internationally for free. They also provide safe ways to play online games — and even withdraw winnings to their e-wallets or cash voucher numbers.
For anybody interested in this progressive intersection between do-it-yourself global finance and entertainment can survey the offerings at Classy Casinos, one of the Web's most trusted guide sites for real-cash gaming. This example goes to show that international finance and personal control of money is less risky than ever before thanks to the Web.