Remittance

A remittance is a transfer of money, often by a foreign worker to an individual in their home country. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries.

Source: en.wikipedia.org

CFO: Stay Vigilant About Costs and Churn — Even When Things Look OK
CFO: Stay Vigilant About Costs and Churn — Even When Things Look OK
November 22, 2022  |  CFO

With migrant workers consistently sending money home, the business of remittances tends to be more resilient than most during tough economic times.  Even so, Zepz...

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Remittance Marketplace Model Unlocks Payments Innovation for GCC Expats
Remittance Marketplace Model Unlocks Payments Innovation for GCC Expats
November 04, 2022  |  Cross-border Payments

As elsewhere, in the Gulf Cooperation Council (GCC) region, the remittance market has traditionally been dominated by a few major players. According to Amir Fardghassemi,...

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How Integrations Help Firms Manage AR, AP Data
How Integrations Help Firms Manage AR, AP Data
February 01, 2021  |  B2B Payments

Businesses can struggle to quickly reconcile payments when their employees have to juggle multiple software platforms, says Jason Hagan, director of treasury services product strategy...

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Money Transfer Startup Remitly Nets $85M On $1.5B Valuation
Money Transfer Startup Remitly Nets $85M On $1.5B Valuation
July 30, 2020  |  Investments

Remitly, which works to provide remittances and financial services for immigrants, announced an $85 million funding round amid a worldwide surge in demand for those...

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Credorax, Samsung To Introduce Blockchain-Based Open Banking
Credorax, Samsung To Introduce Blockchain-Based Open Banking
June 10, 2020  |  B2B Payments

Credorax, the smart payments provider and FinTech, has announced a partnership with Samsung to develop blockchain technology to offer open banking services, according to a...

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MoneyGram, Uber Offer Discount On Digital Money Transfers To Drivers
MoneyGram, Uber Offer Discount On Digital Money Transfers To Drivers
May 27, 2020  |  Cross-border Payments

MoneyGram is partnering with Uber in order to offer discounts on money transfers to over 200 countries and territories, a press release states. The discount...

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SMBs Find Revenue Stability In An Offline-To-Online Migration
SMBs Find Revenue Stability In An Offline-To-Online Migration
May 14, 2020  |  B2B Payments

If there’s one thing for certain for small business today, it’s that nothing is certain. Flexibility will be essential to survival, and the pressure is...

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Today In Payments: PPP Loans Could Trigger Treasury Investigation; SMBs Say COVID-19 Relief Loans Won’t Spur Rehiring
Today In Payments: PPP Loans Could Trigger Treasury Investigation; SMBs Say COVID-19 Relief Loans Won’t...
April 23, 2020  |  News

In today’s top news, Treasury Secretary Steven Mnuchin said companies that received Paycheck Protection Program (PPP) loans without qualifying could face investigations, and some small-...

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COVID-19 Puts $100B Dent In Global Remittance Flows
COVID-19 Puts $100B Dent In Global Remittance Flows
April 22, 2020  |  Global Payments

The world remittance fall-off anticipated because of the coronavirus pandemic could have serious effects for numerous countries, according to a Financial Times report that cited the...

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