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International Women’s Day is more than just a celebration – it’s a moment to reflect on the resilience, achievements and ongoing challenges faced by women worldwide. From boardrooms to classrooms, women are shaping the future, breaking barriers and creating opportunities for the next generation.<\/p>
But progress doesn’t happen in just one day. Women continue to drive change every single day – whether leading businesses, educating communities or supporting loved ones from across the globe.<\/p>
Women leading change<\/h2>
Across industries, women are stepping into leadership roles and making their voices heard. Today, 29% of senior management positions worldwide are held by women, and that number continues to grow. From pioneering CEOs to heads of state, women are reshaping economies, influencing policies and driving innovation.<\/p>
Yet, many fields remain male-dominated – particularly in STEM \(Science, Technology, Engineering, and Mathematics\). Globally, women make up just 28% of the STEM workforce, but that is changing. Initiatives encouraging girls to pursue careers in tech and science are helping to bridge the gap, ensuring that the next generation of women has the tools to lead in the digital economy.<\/p>
In entrepreneurship, women are also making waves. The number of female business owners has surged in recent years, contributing to economic growth and job creation. Despite facing challenges such as limited access to funding, women-owned businesses are proving to be powerful forces of innovation and community development.<\/p>
Empowering women through education<\/h2>
Education remains one of the most powerful tools for women’s empowerment. However, 130 million girls around the world are still out of school. The impact of education on women’s lives is immense – every additional year of schooling can increase a woman’s income by 10–20%, while also improving healthcare outcomes, reducing child marriage rates and boosting economic development.<\/p>
In many regions, grassroots organisations and global initiatives are working tirelessly to close this gap. Programs that provide scholarships, mentorship and career training are giving more women the chance to achieve financial independence and create brighter futures for themselves and their families.<\/p>
Women and global migration: supporting families across borders Women make up nearly 50% of international migrants worldwide. Whether moving for better job opportunities, education or to provide for their families, female migrants play a crucial role in global economies.<\/p>
One of the most significant ways women support their loved ones is through remittances – sending money home to help fund education, healthcare and daily essentials. In some countries, women are responsible for sending a higher percentage of their income back home compared to men, ensuring the well-being of their families despite being miles apart.<\/p>
For these women, financial security and reliable money transfer services are essential. Fast, affordable and secure transfers mean they can continue to provide for their families without worrying about high fees or delays.<\/p>
Monzo is a challenger bank based in the UK. Many people use it for their day-to-day payments, as well as sending money to friends and family both in their own country as well as abroad.
Although Monzo’s primary function isn’t as an international money transfer service, it is very useful for people who already have money in their account and want to send money abroad. Before you choose Monzo for your international payments, you should do your research to make sure there aren’t better options for you which could save you money when compared to Monzo.
This blog will give you the information you need about the company, so you can choose whether you want to sign up with Monzo, send money abroad with them, and use the service as your regular transfer platform. We hope that by the end of this blog you’ll know whether Monzo is right for you!
How to send money abroad with Monzo
To use Monzo for international transfers you’ll first have to sign up by downloading the app and adding funds from your card or bank account.
Head to the Payments tab and you’ll be given the option for sending internationally. You’ll have to tick a box to confirm that you know the person you’re sending to, as Monzo won’t be able to track the payment and you may be at risk of fraud.
You then need to enter your recipient’s international bank details and make your transfer.
What are the pros and cons of sending money with Monzo?
Monzo is great for some people but not the ideal transfer service for others.
Here are some of the pros and cons of using Monzo for your international money transfers:
Pros:
Can be really easy to send money if you already have a Monzo account with funds in
The fees are usually low - although they can get bigger the more you send
Cons:
Monzo isn’t available in a number of countries - so many people around the world are unable to use it
You need to know several bank details to send money, rather than simply card details
You’ll need to have a smartphone to send money - Monzo isn’t available on your web browser
Is there another option to Monzo?
You should check out a number of options for international money transfers so that you know you’re getting the best deal!
Paysendis a fast and simple money transfer platform that lets users send money directly to bank accounts or straight to cards - all you need is the recipient’s name and card number! You can use Paysend via a smartphone app, or access it on your chosen web browser.
Money transfers to bank accounts with Paysend have zero transfer fees, and to cards it costs just £1, €1.5 or $2 (or equivalent amount) to send money. Paysend uses excellent, competitive exchange rates, so if you send money with Paysend you might save yourself some money when compared to Monzo!
On the Paysend homepage you can find a useful tool to help you find out if your money transfers with Paysend are cheaper than with Monzo. Click here to visit the homepage and get started.