Tagged: remittances

June 18, 2020 @ 8:05 am By Omar Faridi  |  

Nick Catino, head of policy and campaigns (Americas) at Fintech firm TranserWise, recently discussed how the remittance rule affects the company’s pricing model. The Consumer Financial Protection Bureau, an agency of the US government responsible for consumer protection in the financial sector, has published the… Read More

June 9, 2020 @ 10:32 pm By Omar Faridi  |  

Philippines based Ayannah, an online financial services provider, and India’s payments firm Equity Capital Advisors (ECAPS) have merged their operations in order to provide cost-effective and more accessible financial services to South Asia and Southeast Asia’s growing middle-class population. The merged entity will aim to… Read More

May 28, 2020 @ 9:35 pm By Omar Faridi  |  

More than $30 billion worth of transactions a year are carried out via the US-Mexico remittance corridor, which is notably one of the world’s largest cross-border payments channels. The rise in the adoption of Bitcoin (BTC) and other cryptocurrencies has allowed some users to perform… Read More

May 13, 2020 @ 8:37 am By Omar Faridi  |  

UK-based Fintech TransferWise recently revealed that customers can now send money instantly to several developing economies in Asia including Pakistan, Thailand, and Sri Lanka. The TransferWise team noted: “In the past, if you were sending money to Thailand (THB), Pakistan (PKR), or Sri Lanka (LKR)… Read More

April 22, 2020 @ 9:00 am By JD Alois  |  

The World Bank says that global remittances have sunk a whopping 20% in 2020 due to the COVID-19 crisis. The projected fall is the sharpest decline in recent history. The cause is due to the rapid decline in wages and employment of migrant works that… Read More

April 13, 2020 @ 8:33 pm By Omar Faridi  |  

Qatar-based Commercial Bank revealed on April 12, 2020, that it’s launching two new products that offer digital payment and remittance solutions. Joseph Abraham, Group CEO at Commercial Bank, confirmed during a video press conference that the bank has introduced the “CB Household Worker PayCard,” which… Read More

April 11, 2020 @ 6:53 pm By Omar Faridi  |  

Azimo, an online funds transfer service provider, has teamed up with Thailand’s Siam Commercial Bank (SCB), the nation’s oldest financial institution, in order to introduce an instant international payments gateway from Europe to the Asian country. As mentioned in an announcement made on April 9,… Read More

April 4, 2020 @ 4:33 pm By Omar Faridi  |  

Kenneth Bok, head of growth and strategy at Zilliqa, an established blockchain project that provides infrastucture to StraitsX, a stablecoin initiative introduced by the Fintech payments provider Xfers, recently shared his views and insights with Crowdfund Insider. Xfers is accredited by the Monetary Authority of… Read More

March 23, 2020 @ 10:11 pm By Omar Faridi  |  

TFP Solutions Bhd, a provider of business productivity solutions and services for large enterprises, is planning to market the OneCENT mobile-based Fintech platform to local consumers in Malaysia after the Movement Control Order (MCO) has been lifted. Datuk Hussian A Rahman, managing director and board… Read More

March 1, 2020 @ 1:32 pm By Omar Faridi  |  

The International Monetary Fund (IMF), an international organization based in Washington, D.C., consisting of 189 different countries that aim to improve monetary cooperation worldwide, maintain financial stability, and facilitate global trade, acknowledged that Fintech has become a part of everyday life in Malaysia. The IMF… Read More

February 10, 2020 @ 1:51 am By Omar Faridi  |  

London-headquartered Paysend, an international funds transfer company, has confirmed the launch of its money transfer services in Australia. Paysend’s services can now be used in the $1.3 trillion economy to send funds to companies located abroad. The firm said that China, India, and Vietnam are… Read More

January 24, 2020 @ 11:02 am By Omar Faridi  |  

MoneyGram International, Inc. (NASDAQ: MGI), a leading international peer-to-peer (P2P) payments and money transfer service provider, revealed on January 23 that it has teamed up with the Suez Canal Bank, an established financial institution that will allow MoneyGram clients to send funds directly to the… Read More

November 22, 2019 @ 8:31 am By Omar Faridi  |  

We recently caught up with Glenn Austin, the chief financial officer at Dash Core Group (creator of DASH or Digital Cash), a major digital currency platform. Austin, a former VP at Morgan Stanley Investment Management who has worked at other big Wall Street names like… Read More

August 27, 2018 @ 6:57 am By JD Alois  |  

Azimo, a digital money transfer service based in London and Krakow, is set to join Theresa May’s official delegation to Africa – her first official visit to the continent. Azimo is one of 29 companies selected, and the only Fintech, for the visit to Nigeria,… Read More

August 23, 2018 @ 3:43 pm By JD Alois  |  

Remitly, the largest private digital remittance Fintech HQed in the US, has boosted its money transfer service to India. The update moves its daily sending limit to $30,000 on money sent to India from the United States. Remittance payments around the world have become a… Read More

July 10, 2018 @ 2:36 pm By JD Alois  |  

A couple of months back during the Crypto Invest Summit in Los Angeles at a private dinner, I happened to find myself sitting next to Alan Safahi, CEO and founder of ZED Network based in Canada. I was intrigued about his blockchain based company and… Read More

December 20, 2016 @ 5:49 am By Erin Hobey  |  

In the last five days WorldRemit announced expansion into Russia, Ethiopia, Uganda and Western and Central Africa. Add Pakistan to the list. WorldRemit is on fire! The digital money transfer service today announced a partnership with global money transfer brand Xpress Money to open up new… Read More

December 7, 2016 @ 10:53 am By Jessica Pham  |  

Economic migrants rely on remittances to ensure that their families are well off at home and to maintain ties to their home countries.  Fees imposed by big banks and traditional remittance institutions eat into foreign workers’ hard-earned incomes, however, so startups focused on money transfers… Read More