If you live in Europe, the chances of you making SEPA transfers are pretty high. But did you know there are different types of SEPA payments? No worries, Genome’s team is here to clarify the difference between them. Join us today and learn which kind of transfers will suit your needs best.  But before getting to the main topic of the article, here’s a quick reminder. SEPA transfers are a type of transaction made in euros, which occur within the SEPA zone on a bank-to-bank basis. Right now, 36 countries are a part of the Single Euro Payments Area. These

Of course, it’s best to choose one reliable financial provider to manage your finances over an extended period. However, it often happens that we need to send money between providers. It may seem like a burden to move all your funds to another bank at once or within a short given time. In addition, the pressure of making a mistake with the necessary details and losing all your savings is always there, especially if you’re in a hurry.  But don’t worry, the reality of transferring money from one bank to another is much less scary than you can imagine. Indeed, there are

What’s the first thing you do after booking tickets and housing in a foreign country? That’s right, you think about your payment options and day-to-day banking. It’s no secret that having a foreign account would simplify a lot, no matter whether you’re traveling for business or pleasure and whether it’s a short trip or long-term stay. It’s not all about low fees or beneficial currency exchange rates. In fact, having and using a foreign account abroad also has a lot to do with comfort. If you’re in a foreign country, you do not need any hassle or complications with the speed

Bank wire transfers are the first known way to send money electronically and dates back to the 19th century. You may ask: how could people send anything electronically at that time? The answer is simple: telegraph wires. These were the first means of electronic communication, and the telegraph served as a smooth and straightforward system for exchanging information over long distances.  In today’s blog post we are talking all about wire transfers and how they look in the 21st century. Read on to find out how to make a bank wire transfer, fees, timeframes, and different ways to wire money.  What

In recent years, many businesses have moved online. For one, it’s more convenient, and you can reach far more customers. And while some companies use websites for the purpose, others go straight for the apps. So, we at Genome decided it was time to make things easier for the latter category. Introducing Genome’s mobile SDK! For those who don’t know a software development kit allows programmers to use tools for application development.  In this case, it means that you can integrate Genome’s payment page into your application seamlessly! And customize it too – the page will be in tune with

The world is in a full autumn mode, but it doesn’t slow the Genome’s team down at all! Lots of events and updates happened in September, and we are here to share them with you! Without further ado, let’s get to it! Updating your knowledge of payments You’ve guessed it – we are talking about different ways of transferring funds yet again! After all, there are so many ways you can send payments, that limiting yourself to only one is not exactly convenient. This time, we covered remittance and what you can use to make such payments. Another interesting topic is how

With an overwhelming number of new financial providers appearing every year, it’s hard to keep track of all the banking rules. Fintech companies, just like traditional high-street banks, bring to the table new products, features, and ideas to attract potential clients every month. For example, with some financial providers, you can order a virtual card, while others do not offer such an option. Some present expensive services and premium packages, while others provide many features for free. No wonder that people who are not deeply involved in the financial sphere can be worried about the safety of their money and

So many topics have been covered on our blog: from transfers and cards to merchants and direct debits. We’ve talked about a lot of things, but how about going back to basics? And the basics, in this case, is Genome itself and all its features.  Today, we have decided to dedicate a whole article to the topic of account opening on our platform, so you understand the process and know how easy it is! So, if you are wondering how to open an account online for your individual, business, or merchant needs, Genome has got you covered! The account opening

Prepaid cards first appeared approximately 50 years ago in the form of gift cards. They received wider recognition in the 1990-s as a convenient tool to receive and use money without opening a current bank account. During the past decade, prepaid cards became available to a large audience due to the development of modern financial technologies. You don’t need to apply for a checking account or pass credit checks to receive a credit card. On the contrary, everything is much simpler than that – you can order a prepaid bank card in a few clicks via the Internet.  So, what’s

Among the multiple types of bank accounts, a business one is mentioned commonly. No wonder – many companies can benefit from having the account and using its tools to grow their revenue. But the question stands: in which cases do you need a business bank account? In today’s article, Genome will explore this topic. We will advise you on how to choose the best business account. What is a business bank account? Business accounts are used by individuals and companies to carry out solely business operations. Such as storing funds, transferring money, paying salaries, etc.   Moreover, a company is required