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

Siam Commercial Bank To Use Ripple’s Blockchain For Remittance
Siam Commercial Bank To Use Ripple’s Blockchain For Remittance
June 30, 2017  |  Payment Methods

Siam Commercial Bank (SCB), in collaboration with Japan’s SBI Remit announced Friday (June 30) that it is using Ripple’s blockchain enterprise solution to power real-time...

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Wells Targets ACH Data Friction In Accounts Receivable
Wells Targets ACH Data Friction In Accounts Receivable
May 22, 2017  |  B2B Payments

As Wells Fargo looks to continue to pick itself up after a series of scandals, the FI is also positioning itself closer to the corporate...

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First Data, Flywire Partner To Transform X-Border Business Payments
First Data, Flywire Partner To Transform X-Border Business Payments
May 02, 2017  |  Partnerships / Acquisitions

Conventional wisdom may be conventional, but it is not always prescient. In fact, the most widely held beliefs are often the ones that miss the...

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Azimo Adds Payments Via Phone Number To Its App
Azimo Adds Payments Via Phone Number To Its App
April 27, 2017  |  Payment Methods

Azimo, the U.K. money transfer startup that has the backing of Rakuten, is reportedly launching a new feature that enables users to easily send money...

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UK Banking App Pockit Gets £2.9M In Funds As It Launches New Remittance Service
UK Banking App Pockit Gets £2.9M In Funds As It Launches New Remittance Service
April 26, 2017  |  Mobile Applications

Pockit, a mobile banking app targeting the U.K.’s underbanked, has picked up £2.9 million in additional funding and will soon launch a remittance service to...

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Remitly Expands To The UK
Remitly Expands To The UK
April 12, 2017  |  eCommerce

Amazon-backed independent digital money transfer startup Remitly recently told Reuters that it had launched its remittance services for users seeking to transfer money from the...

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Bridge21 Using Bitcoins For Remittance To Mexico
Bridge21 Using Bitcoins For Remittance To Mexico
April 10, 2017  |  Bitcoin

Bridge21, the startup in Mexico, is aiming to use bitcoin to send money internationally to Mexico. According to a report in American Banker, bridge21 lets users...

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Ant Financial Executive Shrugs Off Rival MoneyGram Bid
Ant Financial Executive Shrugs Off Rival MoneyGram Bid
March 20, 2017  |  Partnerships / Acquisitions

Ant Financial Services Group, the payment affiliate of Alibaba, isn’t worried about a rival bid for MoneyGram International, with a top executive telling Reuters he’s...

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Financial Inclusion, Across Channels, Countries And Choice
Financial Inclusion, Across Channels, Countries And Choice
February 22, 2017  |  Financial Inclusion

Moving money across borders takes time, effort and attention to detail — with a focus on local technology and culture. Though the trend toward financial...

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