In the face of a highly fragmented financial services landscape and varying levels of maturity across its markets, Claire Huddleston, Sales and Marketing Director at Clear Junction, explains how digitization and remittances can drive Africa’s continuing economic development. Huddleston also talks about the key economic… Read More
Viamericas Corporation, which claims to be a licensed, international remittance company, recently has integrated with 24Xoro in order “to provide additional options for remittance beneficiaries to receive money in Mexico, providing Viamericas customers more options and locations for their remittance recipients to receive their money.”… Read More
Personal remittances from Overseas Filipinos (OFs) in September 2023 have reportedly “reached US$3.23 billion, 2.6 percent higher than the US$3.15 billion recorded in the same month last year.” The growth in personal remittances in September 2023 was driven “by increased remittances from 1) land-based workers… Read More
Mastercard’s (NYSE: MA) new borderless payments report reveals consumers globally are setting up side hustles and considering working or living abroad, prompting the acceleration of cross-border payments. Small businesses are also increasingly “reliant on international payment networks with three in five sourcing more suppliers internationally… Read More
Central Asian fintech Alif makes its mark in the UAE with Alif Pay, providing financial services and global remittance for UAE residents. Digital transformation professional Shafique Ibrahim takes on the role as Alif Pay’s CEO, spearheading the launch and “reinforcing the platform’s innovative approach to financial… Read More
Tranglo is pleased to announce a partnership with TNG Digital Sdn Bhd that allows the Malaysian fintech giant “to expand its cross-border remittance services to millions of customers.” TNG Digital will leverage Tranglo’s network and infrastructure integration “to let its users send money directly from… Read More
Bangko Sentral ng Pilipinas (BSP) reports that personal remittances from Overseas Filipinos (OFs) reportedly “reached US$2.78 billion in May 2023, higher by 2.9 percent than the $2.70 billion registered in the same month last year.” The increase in personal remittances in May 2023 was “due… Read More
TNG Digital Sdn Bhd has launched its digital remittance services, GOremit in the Touch ‘n Go eWallet, as part of its commitment to innovate and drive inclusivity across products and services. With GOremit, users can “send money securely to five Southeast Asian countries namely Indonesia,… Read More
Sendwave, the remittance brand making sending money across borders easy and affordable, announces Sendwave Pay. Sendwave Pay is a banking product “available to select Sendwave customers based in the United States.” Sendwave Pay provides existing Sendwave users “access to a FDIC-insured bank account with an… Read More
Strike, the global money app for fast, “safe” payments and bitcoin, announced the expansion of “Send Globally” to Mexico, “bringing its revolutionary payment service to the largest market for remittances from the U.S.” In 2022, Mexico received “a record of $60 billion in remittances from… Read More
Netbank, the banking as a service platform, has launched a service that allows international remittance companies to facilitate overseas remittances into the Philippines. The market for Philippine Peso remittances “is huge since there is a large number of Filipino migrant workers all around the globe.”… Read More
Remittances are not only a lifeline for millions of migrant workers and their families, they are also vitally important “for the prosperity of many developing economies around the world,” according to an update from Visa (NYSE: V). As the amount of global remittance inflows continues… Read More
Ria Money Transfer, a firm focused on the cross-border money transfer industry and business segment of Euronet (NASDAQ: EEFT), and ACLEDA Bank Plc., Cambodia’s leading retail bank, announced a partnership that “broadens cross-border money transfer services available to and from Cambodia.” This expansion of Ria’s… Read More
Remitly Global, Inc. (NASDAQ: RELY), a digital financial services provider for immigrants and their families, announced it has expanded into the Middle East with the launch of its outbound remittance product in the UAE. Remitly has also “opened an office in the Dubai International Financial… Read More
The financial services sector has evolved considerably during the past decade, with many new Fintech startups and banking challengers raising substantial funding to fundamentally improve how consumers perform transactions. Individuals and business organizations across the globe have been moving their activities online, a digital transformation… Read More
The money transfer system Tempo France has a “positive outlook” for the dynamics of the remittances corridor between the EU and Ukraine in 2023. The company stated that the segment “would see a 5 percent shrink in annual terms in Q1 2023.” But the remittances… Read More
Millions of consumers are offering financial support to friends and family members residing abroad. However, when it comes to getting those (remittances) to the intended recepients, it is a lot more costly than it should be, according to an update from Fintech firm Wise (LSE:WISE)…. Read More
Currencycloud, which claim to be the experts simplifying business in a multi-currency world, has partnered with South Korea-based global remittance and payment provider SentBe in order “to improve the regional reach of its payments service and offer its Korean consumers and businesses a more streamlined,… Read More
The international remittances company, Tempo France and the Spanish company Elsa Care Technologies (Elsa.care) have launched money transfers to the Philippines. Clients are now able “to send money through the Elsa.care’s app to the recipients’ bank accounts in this country.” The integrator of the technical… Read More
Paysend, the UK-based fintech, introduced Paysend Libre, which will “allow unbanked users in Northern Central America (Guatemala, Honduras, El Salvador) to receive remittances from the U.S. instantly to a Paysend virtual Mastercard digital card.” The virtual card is ready “to use in minutes for cash… Read More
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