@c_k_anil@ICICIBank yeah nre account opening is brutal across all banks.
If you just need to move money from US to India, sliq pay sends usd→india instantly to any bank/upi, no nre needed. mid-market fx + lowest in market 0.3-0.5% fee. Much cheaper than banks.
@tcf_updates interesting move but most b2b flows still route through usd because of liquidity depth and hedging infrastructure. direct jpy-inr pairs exist but spreads are wider than jpy→usd→inr. makes sense for high-volume corridors (auto parts, pharma), less so for one-off transactions
@business_today yeah the account-type choice is the defense layer. nre for foreign-earned = no tax on repatriation, nro for india-earned = tds upfront. building sliq pay with full transaction records (purpose codes, source docs) accessible to customers for exactly this
@salmasonycfp yeah this is brutal, most banks auto-deduct 30% tds on nro interest because they don't have your tax residency cert on file. file form 10f + get a tax residency certificate (irs form 6166 in the us) and the bank drops it to dtaa rates. refund for past quarters is separate pain
@earnwithsapna yeah and the spread is where they get you, most banks quote ₹91-92 when mid-market is ₹94.65, that 2-3% markup is the real cost. building sliq pay to give you actual mid-market rates with transparent fees instead
@Farida_N nigeria's diaspora sends ~$20B/year but loses 7-10% to fees + fx markup. india gets $120B and traditional rails still take 2-4%. transparent fx + instant settlement is the unlock. building sliq pay for india at ~0.5% total cost
@rexsalisbury the us is wild behind on this. india opened upi to non-banks in 2016 and now 500m+ people use it daily. brazil did pix in 2020, same story. bank monopoly on rails is why cross-border transfers still cost 3-4% and take days when instant mid-market fx tech has existed for years
@jigyasa_0203@StellarOrg@IND_stellar@riseinweb3 yeah the hidden fx markup is usually bigger than the visible fee. wise charges ~1.5%, banks do 3-4% above mid-market. building sliq pay to do mid-market fx + 0.3-0.5% fee, so the full cost is transparent and you keep way more
@BharatKaDoctor@HDFC_Bank@nsitharamanoffc yeah hdfc's nri account conversion is a nightmare, branch staff don't know the forms, regional office contradicts them, 4-month loop. banks treat nri accounts as compliance burden not revenue, so training is nonexistent. building sliq pay partly because of this
@freddiechatt Yeah Wise is solid for India transfers, the main issues are the ~1.5% fee and 1-2 day speed. Building Sliq Pay because we do mid-market fx + much lower fees + instant transfers, so you keep more of what you send
You can benefit from sector rotation once you’ve understood the principles behind it.
@LaSnak explains what is sector rotation and how it works ⬇️
#personalfinance#investing#SectorRotation
https://t.co/7u2gezJRcL
After home market North America, where #Oppenheimer collected $81 million in the first weekend, #India has one of the highest contributions to the film’s business.
Take a look at some data👇
https://t.co/Jxuekwrtwx
@farooqui_maryam | #OppenheimerFilm#BoxOffice#Hollywood #ChristopherNolan
Customers expect companies to be more vocal about important issues than they were in the past. Chicago Booth Review analyzes the public response to corporate statements about police brutality and the #BLM movement: https://t.co/imfgXAUJYo @chicagoboothrev
Why now is the right time for small companies to take a hard look at their business models. Read "Pivoting in a time of crisis" by @ChicagoBooth's Pradeep K. Chintagunta with Booth MBA graduate Yogesh Kansal and Booth research assistant Pradeep Pachigolla: https://t.co/TQl4EbHVWG
Very true. One of the very false belief to be changed is that "People with #depression are weak." In fact, they are much more stronger. It is same as any other illness. Can happen to anyone at any point of time. #MentalHealthMatters#MentalHealthAwareness
"Size is back." - @ChicagoBooth's Ram Shivakumar.
Read about large companies, inequality, and more in his article "The market power of ‘superstar’ companies is growing". https://t.co/HMWke8MhXZ