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

Ant Swallows MoneyGram In US Push
Ant Swallows MoneyGram In US Push
January 26, 2017  |  Partnerships / Acquisitions

One of the first major FinTech deals of the year lands with a bang — and a cross-border one at that. Ant Financial Services Group...

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Remittance, Beyond The Tradition
Remittance, Beyond The Tradition
November 18, 2016  |  B2B Payments

Financial institutions have to compete against FinTech upstarts, with an eye on keeping merchants happy when it comes to remittances. Eliminating some of the manual...

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TransferGo Adds Real-Time Payments
TransferGo Adds Real-Time Payments
October 25, 2016  |  Faster Payments

Global money remittance provider TransferGo announced on Monday (Oct. 24) the addition of a real-time payment option called TransferGo NOW. The new service will enable...

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TransferWise Pulls The Enterprise Onto Its Money Transfer Platform
TransferWise Pulls The Enterprise Onto Its Money Transfer Platform
August 17, 2016  |  B2B Payments

U.K. money transfer company TransferWise secured unicorn status earlier this year, and now, the peer-to-peer FinTech firm has a new goal on the horizon. Tuesday (Aug....

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Wells Fargo Helps Businesses Take B2P Payments Digital
Wells Fargo Helps Businesses Take B2P Payments Digital
June 20, 2016  |  Payment Methods

Wells Fargo said late last week that it is introducing a new payment option as part of its existing Payment Manager service that will allow...

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Remitly Passes $1B Annual Transfer Milestone
Remitly Passes $1B Annual Transfer Milestone
April 27, 2016  |  Fintech Investments

Remitly, one of the fastest-growing remittance services, has hit a new milestone with over $1 billion in annual transfers. The startup’s fast-paced growth comes against intensifying...

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Xoom Expands Asian Digital Remittances Offerings
Xoom Expands Asian Digital Remittances Offerings
March 10, 2016  |  International

PayPal is expanding its international remittance network with new money transfer offerings in Pakistan, the Philippines and Singapore, the company announced. In Pakistan, the company...

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Will Worldpay Pay Off For Investors?
Will Worldpay Pay Off For Investors?
January 19, 2016  |  International

The movement toward cross-border, global currency remittances is a vital market, and according to The Wall Street Journal, Worldpay has the tools in place to...

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