Tagged: remittances

June 29, 2026 @ 10:11 am By Omar Faridi  |  

A recent development within India’s cryptocurrency sector has highlighted how the country is not yet full prepared to enable responsible digital assets adoption. The local premium on Tether‘s USDT stablecoin has climbed above 8.5 percent. This marks a sharp increase from the typical range of… Read More

April 16, 2026 @ 3:43 pm By Tony Zerucha  |  

Belmoney, a European Remittance-as-a-Service (RaaS) provider, is partnering with RwandaCash, a financial services provider for the Rwandan diaspora. The partnership transforms RwandaCash from a Belgian-licensed operator into a fully EU-enabled digital remittance platform powered by Belmoney’s regulated infrastructure, PSD2 licensing, and API-first technology stack. Remittances… Read More

March 8, 2026 @ 9:59 pm By Tony Zerucha  |  

DolFinTech, a privately held money transfer company serving outbound remittance markets in the U.S., Canada and Spain to more than 20 destination countries, has expanded its suite of financial services with new demand deposit accounts (DDAs) designed to empower Hispanic and other underserved communities. Powered… Read More

December 30, 2025 @ 9:49 pm By Tony Zerucha  |  

Arrel has announced the availability of a set of DAPL (digital asset platform) APIs for remittance operators. The APIs allow operators to configure infrastructure modules individually, deploy them as required, and scale usage in line with transaction volume. The APIs are intended for regulated and… Read More

December 23, 2025 @ 8:47 am By Omar Faridi  |  

Chainalysis noted that stablecoins have reportedly crossed the chasm from trading utility to live, programmable payment channels that are able to regularly settle value in “minutes, 24/7/365, across borders and applications.” Chainalysis also mentioned that banks now face both demand to serve and margins to… Read More

December 22, 2025 @ 9:33 am By Omar Faridi  |  

The IMF noted that despite having a market cap of about 10 percent of Bitcoin, stablecoins are growing in popularity because of their interconnections with mainstream financial markets that stem from their structure and potential use cases. The IMF has also mentioned that their use… Read More

October 6, 2025 @ 6:08 pm By Omar Faridi  |  

Visa (NYSE: V) initiated a pilot program via its Visa Direct platform to allow businesses, including banks and remittance services, to preload accounts with stablecoins rather than traditional fiat currencies for international transfers. This approach treats stablecoins as readily available funds, akin to deposited cash,… Read More

August 5, 2025 @ 12:07 am By Omar Faridi  |  

Remitly, a Seattle-based digital remittance service, has announced its adoption of stablecoins to enhance its international money transfer capabilities. This strategic initiative will aim to position Remitly at the center of financial tech advancements, leveraging blockchain technology to offer faster, more cost-effective, and secure cross-border… Read More

August 1, 2025 @ 2:47 pm By Omar Faridi  |  

Remitly, a digital remittance provider, has reportedly introduced QR code-based cash pickups in Mexico. Announced recently, this feature, now available at Elektra and Banco Azteca locations across the country, marks a step forward in simplifying and securing the remittance process for millions of users. By… Read More

July 27, 2025 @ 5:20 pm By Omar Faridi  |  

Citigroup has released a comprehensive report outlining its strategic vision to enhance remittance services across Asia. As Asia remains a critical hub for global remittances—accounting for a significant share of the $700 billion global market—Citi’s report highlights approaches to address consumer and business needs, leveraging… Read More

June 25, 2025 @ 12:47 pm By Omar Faridi  |  

In a step toward enhancing global financial operations, Remitly, a digital remittance provider, has launched its International Business Payments service, announced on June 18, 2025. This new offering expands Remitly’s portfolio beyond consumer remittances, catering specifically to businesses, freelancers, and sole proprietors seeking fast, reliable,… Read More

June 16, 2025 @ 6:01 am By JD Alois  |  

Remittance Fintech LemFi has acquired Pillar. Pillar’s co-founders and Revolut alumni Ashutosh Bhatt and Adam Lewis will join the LemFi team. The terms of the deal were not immediately available. LemFi, founded in 2021, aims to support immigrants. The company reports working with over two… Read More

May 28, 2025 @ 4:00 pm By JD Alois  |  

The Financial Technology Association (FTA) has told Senate members not to tax remittances nor include citizenship verification as part of the anticipated reconciliation bill. The FTA said that it was joined by six other associations asking the Senate not to “harm hardworking Americans, including active… Read More

May 27, 2025 @ 9:31 pm By Omar Faridi  |  

Careem Pay, the fintech arm of the Careem Everything App, has introduced a new international money transfer service to Jordan. This addition to Careem Pay’s remittance network enables users to send money directly from the UAE to Jordanian bank accounts, catering to the needs of… Read More

May 25, 2025 @ 5:12 pm By Tony Zerucha  |  

This past week, SukuPay, a cryptocurrency-cross-border payments company, has been fully embedded as the remittance engine inside Zigi, the mobile app of Banco Industrial, Guatemala’s largest bank. SukuPay claims this is the first time a crypto-native protocol has gone live at this depth inside a… Read More

April 11, 2025 @ 3:48 pm By Omar Faridi  |  

Weixin Pay users can now receive cross-border transfers from Xoom, a PayPal (NASDAQ: PYPL) service and a digital remittances provider. This new partnership between Tenpay Global, Tencent’s cross-border payment platform, and Xoom allows Weixin Pay users to “receive money directly into their Weixin Pay Wallet… Read More

March 21, 2025 @ 4:27 pm By Omar Faridi  |  

dLocal, the payment platform connecting global merchants to emerging markets, announced a partnership with Belmoney, the  Remittance-as-a-Service (RAAS) provider in Europe. The global remittance industry remains burdened “with high fees and slow transaction speeds.” According to the IMF, transfers under $200 incur average fees “of… Read More

February 18, 2025 @ 11:13 pm By Omar Faridi  |  

Jazari has reportedly teamed up with Bud Financial to enhance Remit Now, Pay Later services, making remittances more accessible for migrant workers. Jazari, the UK-based Fintech, is behind the ‘Remit Now, Pay Later’ platform. By integrating Bud’s AI-powered financial data platform, Jazari is set to… Read More

February 5, 2025 @ 10:30 am By Tony Zerucha  |  

As Open Banking becomes more popular in Latin America, Prometeo is well-positioned to be a major player in the space. Prometeo’s partners, a provider of a single API connecting businesses to every bank in 11 countries, include Santander, Bancolombia, Banco de México, and Chile’s Banco… Read More

December 10, 2024 @ 10:07 pm By Omar Faridi  |  

Earlier this year, Payments Canada reportedly conducted a public consultation on proposed changes to Rule H6, which provides the framework for processing bill payment remittances via the Automated Clearing Settlement System (ACSS). The proposed changes aim to improve operational efficiency, the ability to embrace technological… Read More