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

Coinone Debuts Payment App Via Ripple Tech
Coinone Debuts Payment App Via Ripple Tech
December 11, 2018  |  Digital Payments

Coinone, a South Korean-based platform for cryptocurrency exchange, has released a blockchain-powered remittance app called Cross, according to a report. Cross uses Ripple’s blockchain network,...

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How Small Businesses Ride Their Payment Rails
How Small Businesses Ride Their Payment Rails
November 05, 2018  |  B2B Payments

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key...

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Alipay Has 700M Active Users
Alipay Has 700M Active Users
September 18, 2018  |  Mobile Payments

Eric Jing, Ant Financial’s executive chairman and CEO, revealed that Alipay now has over 700 million annual active users — an increase of more than...

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Xpress Money Continues Its African Expansion
Xpress Money Continues Its African Expansion
September 03, 2018  |  International

Xpress Money continues to expand its efforts in Africa as it tries to bring down the high remittance costs in the region, according to a...

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PayPal’s Xoom, Euronet’s Ria Pair On Remittances
PayPal’s Xoom, Euronet’s Ria Pair On Remittances
August 28, 2018  |  Partnerships / Acquisitions

PayPal has increased its foothold in Eastern Europe and Africa, and has boosted its presence in the global remittance market, through a new partnership agreement....

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MoneyGram Seeks More Digital Gains In 2018
MoneyGram Seeks More Digital Gains In 2018
May 08, 2018  |  Earnings

MoneyGram’s first-quarter revenue and earnings missed Wall Street expectations on Tuesday (May 8), but the company is reporting early benefits from a new money transfer...

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DadeSystems Serves Banks By Serving Their Corporate Customers
DadeSystems Serves Banks By Serving Their Corporate Customers
March 14, 2018  |  Startup Check-In

Integrated receivables are a concept that many bank customers are now considering as they look to consolidate all their payment streams, whether paper or electronic....

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Western Union Opens India Tech Center
Western Union Opens India Tech Center
January 30, 2018  |  International

Western Union, the wire payments company, announced news on Monday (Jan. 29) of the launch of its Western Union Technology Engineering Centre (WUTEC), a new...

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How To Live Forever In The Financial Services Space
How To Live Forever In The Financial Services Space
August 10, 2017  |  Innovation

Slow and steady doesn’t win the financial services race. If you’re not ahead, you’re behind, especially if you’re playing on the global stage. From user...

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