Blog

Financial Inclusion

What is the Current State of Financial Literacy in Lebanon?

Financial literacy refers to the knowledge and skills needed to make informed and effective decisions about the use and management of money. Understanding basic financial principles like budgeting, saving, investing, and debt management is part of this. As is knowing the many financial products and services on the market, including bank accounts, credit cards, and insurance. Financial literacy makes financial decision-making possible.

July 5, 2023

money transfer

Purpl: The Best Way to Receive Money in Lebanon this Adha

Adha is a time of joy, celebration, and unity for families and friends in Lebanon. It is a moment to come together, share happiness, and exchange gifts. With the increasing global Lebanese diaspora, sending and receiving money during this festive season has become a common practice.

June 27, 2023

money transfer

Uncovering the Hidden Costs of Money Transfers: How to Minimize Fees and Save More

There are a variety of fees that may be associated with sending money to someone, whether it is to a family member in another country or to a friend in the same city. These fees can make it difficult for people to send and receive money, especially in countries like Lebanon, where the economy is heavily reliant on expat remittances.

June 22, 2023

Digital Wallets

Sending Money Digitally or Physically: Which is Better?

Almost all of us have received a money transfer at some point. Whether it’s a local transfer or one from a family member/friend abroad, we have been either senders or recipients. There are several ways through which money transfers can take place. The existence of several channels gives us the benefit of choosing the transfer method we find preferable.

June 14, 2023

woman working retouching photo on laptop at convenient workplace

Purpl

User Feedback: Sending Money to Lebanon with Purpl

One of the main pillars of Purpl’s mission is to empower our users. We want them to feel that they are in control and at ease when performing their normal daily transactions. This is why we made sure to partner with the best in business – Paysend and Remitly, through which you or your loved ones can send money to Lebanon with just a few taps on your smartphone.

May 31, 2023

Purpl

Send Yourself Money on Purpl While Visiting Lebanon

Are you planning a trip to Lebanon this summer? Perhaps looking forward to taste your mom’s best tabkha or that after-hours knefeh but you are worried about all the cash you need to carry with you? We have the perfect solution for you! Send yourself money while visiting Lebanon through Purpl. Purpl allows you to send money from 45+ countries through its partners, Paysend and Remitly, and receiving instantly on your Purpl app in Lebanon.

May 24, 2023

remittances

Top Five Remittance Countries in the World

Remittances are the transfer of money from individuals living abroad to individuals living in their home country. Inward remittances can benefit individuals, families, and countries. They can help with economic growth and development, reduce poverty, and improve social cohesion.

May 10, 2023

Financial Inclusion

Women in Fintech: Empower Us and We Empower You

It is well known that social norms take a very long time to change naturally. We have previously discussed how social norms have kept women financially excluded, and how this is still the case in many countries. However, Fintech has

April 26, 2023

Purpl

How to Send Money to Lebanon with Purpl and Remitly

Purpl has partnered with Remitly to enable the Lebanese diaspora to send money to Lebanon with the lowest fees! 🎉

Remitly is a digital remittance service on a mission to make the money transfer process faster, affordable, and more transparent.

If needing to move money to Lebanon for Cash Pickup, download the Remitly app or go online and select Purpl as the beneficiary option to receive the transfer.

April 19, 2023

Take a break and read all about it