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Why Forex Cards Are Replacing Cash for International Travel in 2026
June 13, 2026 GlobalPay

Why Forex Cards Are Replacing Cash for International Travel in 2026

The Shift from Cash to Digital: How Forex Cards Transformed International Travel in 2026 A few years ago, if you were traveling abroad, you had to carry a lot of foreign currency with you. You would go to the airport, exchange your money, and carry bills in your wallet. Today, that’s not how people travel […]

Comprehensive Guide to the Updated TCS Guidelines on Foreign Exchange
November 28, 2023 GlobalPay

Comprehensive Guide to the Updated TCS Guidelines on Foreign Exchange

The changes in Tax Collected at Source (TCS) provision under section 206C (1G) of the Income Tax Act on Foreign Remittances has been implemented. TCS is not an additional tax liability, but an advance tax. TCS collected by the seller is reflected in the individual’s Form 26 AS and it can be offset against their total […]