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Nowadays, you can do nearly everything using your smartphone. It’s a shopping trolley, map, stereo, cinema and wallet all in one!

Here at Paysend, we love smartphones because they help our customers to send money to their friends and family with incredible ease. Just a few years ago, it was impossible to make an international transfer without travelling to a bank or money transfer outlet, waiting in a queue, and paying money to the cashier to send abroad.

If you’re an expat who has sent money abroad in the past, then you’ve probably seen the term IBAN. If you aren’t sure what this is, it’s simply an International Bank Account Number which is a code that helps banks to identify your bank account internationally if you want to move your money between different countries.

Canada is home to over a million people from China - in Vancouver alone 20% of the population now identifies as Chinese.

If you’re a Chinese expat living in Canada and you need to send money home to friends and family, you’ll want to find the cheapest way to send money from Canada to China. This is because money transfers are often sent with high commission charges, hidden fees and poor exchange rates.

One of the best things about having money in your bank account is the freedom and power you have over what you do with it. But what’s even better is doing something with your money that makes the people you love happy. 

Sending money to your friends and family in other countries can improve their standard of living, make a child happy for their birthday, or simply show them you care! To make sure that the movement of your money is fast and seamless, you need to send your money using the best method available.