Remittance Wiki

Benin’s currency is the West African CFA Franc (XOF), pegged to the euro at a fixed rate (1 EUR = 655.957 XOF). This guide provides the latest XOF exchange rates for CNY and USD, along with practical advice for safely exchanging currency in Benin and sending remittances to Benin.

IBAN and account numbers are not the same. IBAN is the 'international version' of your bank account, designed for cross-border transfers, including country codes and check digits for accuracy. A standard account number is used only for domestic transactions. This article explains their differences, uses, and official ways to check IBAN, helping you avoid transfer errors.

Benin’s currency is the West African CFA Franc (XOF), pegged to the Euro at a fixed rate of 1:655.957. This guide details its denominations, conversion methods to CNY/USD, and remittance options via banks, Western Union, and online platforms.

The IBAN remittance method, with its standardized format and built-in check digits, can automatically detect account errors, preventing risks from the outset. It consolidates complex bank information into a single code, simplifying the input process, and through automated processing (STP), it significantly shortens transfer times, bringing unprecedented security, convenience, and efficiency to global transfers.

A detailed explanation of the basic knowledge of the Colombian Peso, remittance precautions, and anti-fraud advice to help you verify information accurately, choose legitimate channels, and ensure funds arrive safely.

Cross-Border Payment Connect supports instant HKD-CNY remittance with second-level settlement, low fees, and convenient operations, helping Chinese communities in Hong Kong and Mainland China easily pay tuition, medical expenses, and family remittances.

How to correctly fill in the SWIFT code for international remittances? This guide details the steps, precautions, and common mistakes to help you complete international remittances safely and efficiently.

A 2025 comparison of cash withdrawal and digital wallet convenience, analyzing their advantages and disadvantages to help you choose the most suitable payment method based on your needs, ensuring safety and convenience.

International remittances require strict adherence to KYC and AML compliance, focusing on identity verification, risk assessment, and transaction monitoring to reduce legal and financial risks and ensure fund security.