remittances

Deep Dive: How High Costs And Slow Processing Times Impede Remittances
Deep Dive: How High Costs And Slow Processing Times Impede Remittances
June 10, 2020  |  Smarter Payments

The World Bank projects that $572 billion will be sent from migrant workers to their families abroad in 2020. These payments affect the day-to-day lives...

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How Digitalization Soothes Cross-Border Payment Pain Points
How Digitalization Soothes Cross-Border Payment Pain Points
June 09, 2020  |  Smarter Payments

For UAE's 90 percent expatriate population, sending remittances back home often means paying exorbitant fees and dealing with glacial processing times. But use of local...

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Fixing The UAE’s $46B Remittance Problem
Fixing The UAE’s $46B Remittance Problem
June 08, 2020  |  Smarter Payments

Cross-border payments are expected to hit $39 trillion by 2022, with $572 million worth of payments consisting of remittances sent from migrant workers to their...

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Western Union Eyes Buying MoneyGram
Western Union Eyes Buying MoneyGram
June 01, 2020  |  Acquiring

Western Union could be looking to acquire MoneyGram in a transaction that would unite two of the country’s largest money transfer services, according to Bloomberg....

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The (Digital) Transformation Of Remittances, Bit By Byte
The (Digital) Transformation Of Remittances, Bit By Byte
May 14, 2020  |  Payment Methods

The pandemic has kept us all home — and for firms that have depended on walk-in business, transactions have slowed, or simply stopped. That’s certainly...

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Western Union CEO On Solving For The Future Of Global, Inclusive Financial Services
Western Union CEO On Solving For The Future Of Global, Inclusive Financial Services
March 11, 2020  |  Cross-border Payments

The passage of time is a bit unusual in financial services. With the digitization of the ecosystem and rapid emergence of FinTechs over the last...

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Postepay Customers Get Access To Western Union’s Platform
Postepay Customers Get Access To Western Union’s Platform
February 06, 2020  |  Cross-border Payments

Through an effort to enable cross-border payments, Postepay clients can now access the cross-border and cross-currency platform of Western Union to send funds around the world. The...

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Alipay, WorldRemit Team On Cross-Border Remittance
Alipay, WorldRemit Team On Cross-Border Remittance
February 05, 2020  |  Partnerships / Acquisitions

Money transfer platform WorldRemit announced a new partnership with Alipay that will make it easier for users to do cross-border transfers and make payments worldwide,...

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MoneyGram, Suez Canal Bank Team To Enable Egypt Money Transfers
MoneyGram, Suez Canal Bank Team To Enable Egypt Money Transfers
January 23, 2020  |  Partnerships / Acquisitions

MoneyGram has partnered with Suez Canal Bank to let customers send money right into Egyptian bank accounts, according to a press release. The deal will...

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