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

What New Payment Rails Miss About Solving B2B’s Remittance Challenge
What New Payment Rails Miss About Solving B2B’s Remittance Challenge
February 25, 2020  |  B2B Payments

B2B payments’ innovation trajectory continues to accelerate as more end-point solutions emerge to improve the vast number of friction points in the industry. New technology...

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PayPal Deepens LATAM Reach With Mercado Libre Integration
PayPal Deepens LATAM Reach With Mercado Libre Integration
December 30, 2019  |  News

Digital payments firm PayPal is turning to Latin America to strengthen its position in the eCommerce payments and remittance arenas. Today, PayPal announced an expansion...

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Visa Direct To Power TransferWise Real-Time Global P2P
Visa Direct To Power TransferWise Real-Time Global P2P
December 10, 2019  |  Digital Payments

Visa has added a new partner in its quest to simplify, digitize and drive costs down in the global remittances space with its real-time push...

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CFPB Proposal On Remittances Offers Exemptions For Banks, CUs
CFPB Proposal On Remittances Offers Exemptions For Banks, CUs
December 03, 2019  |  CFPB

In the years ahead, might there be a greater number of smaller financial institutions (FIs) offering remittance services? As Bloomberg Law reported Tuesday (Dec. 3),...

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MoneyGram, Wing Team Up On Cambodian Digital Wallet 
MoneyGram, Wing Team Up On Cambodian Digital Wallet 
November 14, 2019  |  Payment Methods

MoneyGram has announced a partnership with Cambodian bank Wing on a digital wallet venture that will allow funds to be deposited directly into customers’ accounts....

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Plaid Calls For Startups To Help Tackle $1.6T Student Debt Balance
Plaid Calls For Startups To Help Tackle $1.6T Student Debt Balance
October 29, 2019  |  Innovation

In its third annual Request for Startups, Plaid is aiming to focus on student debt management along with other areas of financial services that FinTech has...

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Xoom Customers Can Now Send Money To South Korean Accounts
Xoom Customers Can Now Send Money To South Korean Accounts
October 03, 2019  |  International

PayPal’s international money transfer service, Xoom, has announced that people in the United States, Canada and the U.K., as well as 31 other markets in...

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In Latin America, Ripple Makes Remittance Waves
In Latin America, Ripple Makes Remittance Waves
August 22, 2019  |  B2B Payments

Santander is building a payments corridor in Latin America, leveraging Ripple’s app and software for remittances. Separately, Latin America is also seeing a boost in...

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Deep Dive: Why Cross-Border Payments Need Transparency Overhaul
Deep Dive: Why Cross-Border Payments Need Transparency Overhaul
August 16, 2019  |  Smarter Payments

FIs and enterprises are facing increased pressure to make cross-border payments fast and seamless as consumers grow used to such products in other sectors. The...

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