Could prepaid MasterCards cut cost of India trip?

Could prepaid MasterCards cut cost of India trip?

Prepaid MasterCards could help to keep down the cost of a trip to India as the colourful variety of activities on offer in the country has been highlighted.

Speaking at a press conference for Incredible India, Rajen Habib Khwaja, secretary, Ministry of Tourism, Government of India, said that tourists can "feel the pulse of India through its colourful festivals" and the "fantastic cultural and heritage tourism products".

He added that India is "a year round destination" but said that tourists are unlikely to get around all of the action in one trip as there is so much on offer.

"India is an experience, and one cannot complete this experience in one visit," he explained.

"We are proud that we get many repeat visitors who want to have different experiences in different regions of India."

The comments come after the United Nations World Tourism Organisation revealed earlier this month that Asia and the Pacific saw a 14 per cent growth in international arrivals through August 2010.

Could prepaid MasterCards help Vegas tourists?

Could prepaid MasterCards help Vegas tourists?

Prepaid MasterCards could help tourists stay in control of their spending while in Las Vegas.

According to Cathy Tull, senior vice president of marketing at the Las Vegas Convention and Visitors Authority, a three per cent increase in visitation numbers to the region is predicted for this year.

Britons who are considering heading to the city should think about taking a prepaid card with them in order to keep tabs on their spending.

In addition to stopping people overspending in casinos, a prepaid card could offer Britons a more competitive rate of currency exchange and help them to avoid foreign use fees often imposed by debit and credit card providers.

Ms Tull added that there is more Las Vegas than just the casinos and entertainment venues.

"A lot of our European visitors … do Vegas for a couple of days and then they will drive out to the national parks," she said. 

Could money transfers to Brazil help property investors?

Could money transfers to Brazil help property investors?

Money transfers to Brazil could help property investors to become cash buyers in the country.

According to recent comments from Adam Samuel, director at Nubricks.com, a lack of mortgage finance in the region is putting cash buyers in "a very strong position".

"Like any market currently" accessing finance isn't easy, he explained, but people still "need to sell things", so buyers who are able to hand over cash are welcomed.

However, moving large amounts of money abroad through a bank can result in high foreign exchange fees.

An international money transfer could avoid this and offer a more competitive rate of exchange.

Mr Samuel's comments follow research conducted by Colordarcy, which revealed that Brazil is the most popular country in terms of interest from overseas property investors.

The director explained that the "fairly stable politic situation", potential for growth and abundance of natural resources were helping to increase Brazil's popularity with investors. 

Could prepaid MasterCards reduce emergency costs?

Could prepaid MasterCards reduce emergency costs?

Prepaid MasterCards could be needed by people heading on a ski holiday abroad.

Britons intending on hitting the slopes this winter have been warned that emergency costs can quickly add up.

The UK Foreign & Commonwealth Office warned that breaking your leg in the Italian Alps could cost £4,000 in medical fees and repatriation, while a spinal injury in France could come in at £6,400.

Despite this, 31 per cent of Brits still admit to not taking out travel insurance for their winter sports holidays.

Even those with insurance may find that they are not covered under certain circumstances.

This is when a prepaid card could come in handy by allowing holidaymakers to cover unexpected costs without forking out extra in foreign usage fees and currency exchange costs.

Dr Laurence Bristow-Smith, British Consul General in Milan, noted that there have been a couple of "consular cases where fatal accidents in the mountains were a direct result of drinking too much alcohol".

He explained in cases where the policy holder "had put himself in unnecessary danger and was under the influence of alcohol", the insurance company often refused to pay out.

Could money transfers to the US cut retirement costs?

Could money transfers to the US cut retirement costs?

Britons considering retiring in the US may want to consider international money transfers to cover their costs.

The US could prove particularly tempting for people looking for a convenient but spacious home to retire to.

Ingleside at Rock Creek, a retirement community in Washington DC, is due to construct 15 new "luxury independent-living apartments".

Britons might be tempted by their size, which ranges from between 1,600 and 1,800 square feet.

Ann Schiff, executive director and health care administrator at Ingleside, commented: "Moving to a senior living community used to mean losing considerable living space with a studio-style or efficiency unit.

"We're reversing that trend. Seniors, especially those who live here in the district, want to leave the hassles of homeownership behind, not their cherished possessions."

However, Ms Schiff noted that deposits have been received for nearly half of the homes, so Britons should act soon if they want to snap up one of the remaining properties.

Online money transfers could help move money quickly and conveniently between countries.

Online payments through credit cards ‘used by millions’

Online payments through credit cards 'used by millions'

Online payments are being made with credit cards by millions of Britons, recent research has suggested.

Conducted by Sainsbury's Finance, the study found that 25.4 million UK adults now regularly make purchases online with their credit cards.

It appears that the average spend is £192 a month, resulting in a total spend of £6.4 billion online each month.

Stuart McKeggie, head of cards at the group, commented: "The growth of online shopping in such a short time is staggering. Our research found that only seven per cent of credit card holders do not use their cards online."

The most popular online purchases were DVDs and music, followed closely by books, fashion items and holidays.

Online shoppers were urged to be aware of the risks and to make sure they are using secure payment options.

Furthermore, receipts and records should be kept of all items bought over the internet in case there is a problem and the customer requires a refund, Sainsbury's reminded shoppers. 

Could money transfers make taxes abroad even simpler?

Could money transfers make taxes abroad even simpler?

Money transfers could help to make paying taxes in the Maldives even simpler.

According to a recent study conducted by PwC in association with the International Finance Corporation and World Bank, the islands are the simplest place to pay up.

Qatar and Hong Kong came in second and third place respectively.

Expatriates or people with a base in the UK and abroad may want to look into international money transfers to help them pay their taxes.

This could help keep costs down by avoiding the foreign exchange charges regularly imposed by high street banks when shifting funds abroad.

Neil Gregory, director of the global indicators and analysis department at the World Bank Group, commented: "Governments have continued to improve and simplify their tax systems for local firms, and are seeing positive results.

"Best practices such as having one tax per tax base and the use of technology can simplify the compliance burden faced by firms."

New build properties could attract money transfers to France

New build properties could attract money transfers to France

Investors may be tempted to make a money transfer to France in order to purchase a new build property.

According to recent comments from Patrick Joseph of my-french-house.com, the country is building more modern properties, which could offer preferable investment options to a "new breed of UK investor".

He explained: "A shortage of homes throughout France has seen increased house building activity and the fact that they are much cheaper than resale properties with mortgages easier to obtain means there is a lot of interest."

International money transfers could make financing even simpler by allowing Brits to move money online and avoiding high foreign exchange fees often charged by high street banks.

Mr Joseph added that properties in France's Alpine resorts are proving to be particularly popular due to the fact that ski season is "just around the corner".

The fact that new builds will not require the same level of restoration work as traditional farm house properties is also thought to be boosting interest. 

Could prepaid cards help Brits celebrate in Iceland?

Could prepaid cards help Brits celebrate in Iceland?

Britons may want to consider taking a prepaid MasterCard with them on holiday to Iceland.

The destination has been suggested as a good place to take a Christmas break.

Tourists who are keen to forget about money worries and just relax over the festive season could use a prepaid MasterCard to ensure they don't need to worry about foreign use fees when buying presents and food in Iceland.

Sigga Gróa Þórarinsdóttir, area manager for UK and Ireland from Visit Iceland, explained some of the attractions of the Iceland: "There is a great sense of Christmas spirit throughout the country making it an ideal place for a Christmas break and one of the hottest winter wonderlands."

Recent figures from Visit Iceland revealed that the number of UK visitors to the country have increased this year, with numbers in October 7.5 per cent higher than in October 2009.

Indeed, between January and October 2010 over 50,000 Brits visited the island.

Could money transfers to US help students?

Could money transfers to US help students?

British students in the US could be looking for cheap ways to send money abroad in order to cover their tuition fees.

According to recent reports from the BBC, there are more British people studying in the US than ever before.

James Martin, originally from Sheffield, has studied at a community college near Washington DC and remained in the county to further his education.

He told the news source that his tuition fees worked out at around £1,500 a year – a fraction of the £9,000 a year young people can expect to pay in the UK before long.

However, to avoid these costs mounting up Brits could look into international money transfers.

This method of shifting funds is likely to prove cheaper and more convenient than moving cash through high street banks.

Mr Martin told the BBC: "I never thought I'd get an undergraduate education, because of my upbringing. Everything that our family got they've earned by doing it.

"I chose to come here because of the money."