Mobile bank for migrants Majority raised $37.5 million in a Series B funding round for expanding its suite of essential services as it continues its growth trajectory to support the nearly 50 million immigrants in the U.S. The fresh infusion of capital was led by...
The world remittance fall-off anticipated because of the coronavirus pandemic could have serious effects for numerous countries, according to a Financial Times report that cited the World Bank. The projected decline is expected to be more than $100 billion from what it was last year, draining...
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, a press release said. WorldRemit Chief Commercial Officer Tamer El-Emary said the partnership would focus on “innovation, customer experience and speed...
U.S. customers can now make a donation to the Western Union Foundation when transferring money using the Western Union app, the company said in a press release on Tuesday (Dec. 10). The Western Union Foundation chose the American Red Cross’ Restoring Family Links initiative as...
April 12, 2024
The German parliament approved legislation Friday (April 12) that calls for benefits to be delivered to asylum seekers on payment cards rather than cash. This change is meant to limit how these migrants can use the benefits, AP reported Friday. The payment cards will only be able to be used for payments in local shops and services […]
September 14, 2022
Mobile bank for migrants Majority raised $37.5 million in a Series B funding round for expanding its suite of essential services as it continues its growth trajectory to support the...
April 22, 2020
The world remittance fall-off anticipated because of the coronavirus pandemic could have serious effects for numerous countries, according to a Financial Times report that cited the World Bank. The projected decline...
February 05, 2020
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, a press release said. WorldRemit...
