SEPA transfers are always a hot topic for people living in Europe. They are efficient, simple, and prevalent, of course. But if you have doubts about this option for funds transferring, don’t worry! Today Genome explains bank transfers via the SEPA network and why you may consider getting an online wallet for using such a feature.  What you need to know about bank transfers via SEPA These types of payments are pretty standard: the transfer is instructed with the help of the Single Euro Payments Area messaging network.  Said network was established as a part of the EU’s initiative to

Online banking is replacing traditional brick-and-mortar banks in different parts of the world. Yet, despite all the benefits, there are situations when we still need to use cash, physical cards, or, at least, to have them just for the sake of it. In today’s article, Genome will describe the best providers of eWallets with physical cards – how they work, if you need one, and how to select one.   What is a mobile wallet, and why do you need it We’re starting with the explanation of a mobile wallet and how it functions. A digital wallet (mobile, eWallet – we

Both personal and business bank accounts play a huge role in our lives, from daily matters to workflows. But what is exactly a boundary between these two accounts in the perspective of financial services? In this article, Genome will talk about banks, financial service providers, online banking, personal and business accounts, their common services, and their differences. What is a regular bank? A bank is a financial institution that provides banking services, including deposits, credit, and payments. This financial institution carries out credit and financial transactions. The term bank can generally refer to the banking sector. Banks play an essential

Every year, more and more service providers move online and, sometimes, to pay for something, we need to make transfers rather than card payments. The SWIFT system is the most widely used network for sending and receiving funds worldwide. And in today’s blog post, we at Genome will explain how it works and how to make SWIFT money transfers.  What is the SWIFT system? It’s an international messaging ecosystem for sharing information. This network is currently used for processing cross-border multi-currency transfers. The participants of the SWIFT system exchange messages with the required information on the amount, date, and currency of

Apple Pay was introduced a few years ago and, since that time, has literally taken over the world. Coupled with Google Pay, these are the two most widely used mobile wallets globally. This Genome article will discuss the pros of Apple Pay for private clients and businesses. Read on! What is Apple Pay, and how does it work? It’s an innovative solution that enables safe transactions and NFC contactless payments on iOS. Apple Wallet was designed to securely store one’s card information tokenized and make safe purchases using different devices, including an iPhone. It works the same way in all the countries, including

Starting a business is exciting but tricky as well. There are so many things you have to think about! In this article, we will focus on two of them: strategy and finance. We will advise how to plan your business goals and reach the audience. And after that, we at Genome will talk about business bank accounts, their functions and benefits, and guide you on how to choose one. Creating a company: useful tips for beginners Surely you would have to take care of the financial establishment of your business. But first, consider some prior things, such as goals and

The banking industry is constantly growing and introducing new financial solutions enhanced with the latest technologies. Only a few years ago, contactless instant payments and online banking as a whole were the most innovative features in numerous international markets.  In 2022, despite all the economic hardships, the banking industry was still developing and creating new bank opportunities for users. Now, we will try to look into the future and analyze the global banking trend for 2023. Learn more with Genome. Top banking trends in 2023 Some of the future major changes in finances have to do with the following:  Welcome the cryptocurrency revolution

Our team at Genome knows the true value of digitalization. As we provide all our services entirely online, making financial operations for our clients much more straightforward and not bounding ourselves to the inconvenience of physical branches. And we want all Genome users to feel free of nuisances when making payments. Thus, we continue implementing more contactless options by now providing the Garmin Pay payment method! It means that now any owner of Garmin watches with Garmin Pay-enabled can pay using Genome’s cards. It is available for personal and business wallet users with virtual or physical Genome debit cards.       This

Another month passes and brings on new results. That’s right, Genome has some exciting news and updates we’d like to share. So, what was up in July? Find out below. Run a business with the right business account For a company, the importance of a reliable, straightforward business account can’t be overstated. But not all entrepreneurs understand what to look for when it comes to such a service. That’s what Genome’s blog is for, as we offer advice on topics like this.  We recently had two relevant articles: one touched on the reasons for having a business account in the first place.

Earlier this year, Genome introduced a special initiative for Ukrainians – they can now start personal wallets within our platform for free and get discounts for many of our services. Since then, our team figured we needed to establish more features for Ukrainian people to use Genome more efficiently.  Thus, we now offer sole proprietor accounts, using which Ukraine-registered individual entrepreneurs can receive income in euros. These accounts are free and as easy to open as the regular ones. Most importantly, you can access your account anytime – whether from Ukraine or abroad. You will be able to transfer money