Overseas money transfer transactions could be on the rise following new research that reveals that British people are increasingly interested in moving abroad.
According to a survey carried out by communications firm Skype, half of all people questioned said that they would consider accepting a job abroad because modern technology has made it easier than ever before to keep in touch with family and friends.
The study, which was conducted by Opinion Matters on behalf of Skype, found that younger people are more likely to want to move abroad compared to their older counterparts.
More than half (60 per cent) of people aged between 16 and 24, and 61 per cent of respondents aged between 25 and 34, said they would be open to living in a foreign country.
Furthermore, more than two-thirds (69 per cent) of British people said they currently have one or more friends or relatives living in a foreign country. This figure is more than 21 per cent higher than the proportion of people who had friends or relatives living abroad in 2001.
People from London were most open to moving to a foreign country for employment (20 per cent), while residents of the north-east of England were least likely to want to move abroad (nine per cent).
Enrico Noseda, head of market development at Skype for Europe, the Middle East and Africa, said: "Attitudes towards keeping in touch internationally are changing. Our mission is to make Skype available everywhere so users can enjoy their conversations whenever and wherever they are."