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

KBank On Rethinking Bank-FinTech Relations
KBank On Rethinking Bank-FinTech Relations
August 15, 2019  |  Smarter Payments

Remittances had a record year in 2018 despite the frictions that still exist when senders move money cross-border to receivers in need. In the latest...

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Banks Tap FinTechs For Remittance Overhaul
Banks Tap FinTechs For Remittance Overhaul
August 14, 2019  |  Smarter Payments

The cross-border payment market is thriving, and trends are expected to continue over the next few years. In fact, cross-border payments are expected to reach...

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Bitcoin Daily: New Zealand Allows Crypto Wages; SEC Postpones Bitcoin Funds Decision
Bitcoin Daily: New Zealand Allows Crypto Wages; SEC Postpones Bitcoin Funds Decision
August 13, 2019  |  Bitcoin

New Zealand has become the first country to legally allow wages to be paid in cryptocurrencies. The ruling excludes the self-employed from earning incomes in...

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Western Union Shares Dip On News Of Facebook Crypto
Western Union Shares Dip On News Of Facebook Crypto
June 18, 2019  |  Payments Innovation

Shares in Western Union have fallen on Tuesday (June 18) on the news that Facebook is going to release a new cryptocurrency called Libra, according...

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TransferWise Seeks To Raise Up To $300M
TransferWise Seeks To Raise Up To $300M
March 31, 2019  |  Fintech Investments

Cross-border money transfer startup TransferWise is looking to raise funds and will sell a stake in itself to do so, according to a report by...

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Mastercard Foundation, Ripple Back Remittance Co SendFriend
Mastercard Foundation, Ripple Back Remittance Co SendFriend
February 12, 2019  |  Investments

Remittance company SendFriend announced that it has raised $1.7 million from investors MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and...

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Singtel’s Dash Plans Remittance Service; KinerjaPay Notches $200M Investment
Singtel’s Dash Plans Remittance Service; KinerjaPay Notches $200M Investment
January 08, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Singtel’s Dash’s plans to introduce a remittance service to...

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Chesapeake Bank Debuts Online Loan Product
Chesapeake Bank Debuts Online Loan Product
January 04, 2019  |  B2B Payments

Chesapeake Bank is expanding its alternative lending division, Cash Flow, with ProfitStars‘ Commercial Lending Center Suite. Launched in 1995, Cash Flow offers U.S. businesses faster...

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TransferGo Raises $17.6M For X-Border Payments
TransferGo Raises $17.6M For X-Border Payments
December 14, 2018  |  Investments

TransferGo, an up-and-coming international money transfer company, has raised more than $17.6 million in a Series B funding round, according to a report. The London-based...

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