Remittances 2 news and trends

What Lies Ahead for the CFPB as Trump 2.0 Takes Shape?
Regulation // November 06, 2024

As Donald Trump retakes the reins of power, the uncertainty over who occupies the White House is over. Republicans are retaking the Senate, and the House is still up for grabs as of Wednesday morning (Nov. 6). There’s at least some uncertainty removed from the...

DailyPay Expands Visa Relationship to Offer International Remittances
International // October 28, 2024

DailyPay added an international remittance feature to its platform. The new addition is powered by the financial technology solution ReadyRemit by Brightwell and Visa Direct. It lets users send money to friends and family worldwide “at the tap of a button” without needing to wait...

Western Union’s Digital Business Sees 15% Growth in Transactions
Earnings // October 23, 2024

Western Union’s Branded Digital business saw 15% growth in transactions and 9% growth in revenue on a reported basis in the third quarter. This marked the sixth consecutive quarter of double-digit transaction growth for the Branded Digital business, the company said in a presentation released...

Stellar Adds Mastercard Crypto Credential Tool to Its Blockchain
Blockchain // October 15, 2024

Stellar Development Foundation is integrating Mastercard’s Crypto Credential solution into its blockchain network. The credential, which helps verify interactions among consumers and businesses using blockchain networks, will be added to the Stellar ecosystem as the exclusive credentialing solution “to enable a range of secure, compliant...

Interviews & Exclusives
Mastercard: Building Trust Into the Blockchain Unlocks Its Cross-Border Potential

November 08, 2024
Until recently, blockchain’s potential impact within payments and commerce has been, well, somewhat blocked. But increasingly, financial service giants are turning their attention to unlocking the potential of blockchain platforms as the technology continues to mature and evolve how value moves across the globe. “Blockchain technology, and public blockchains in particular, are opening up a […]

CFPB Proposal Prompts Customers to Contact Providers Before Regulators With Remittance Questions

September 20, 2024
With remittances, when in doubt, check it out. But don’t head straight to the regulators. That seems to be the message conveyed by the Consumer Financial Protection Bureau (CFPB), which...

Cross-Border Digital Wallets as the Antidote to Cash?

September 20, 2024
Taking a payment mechanism that’s been around for centuries and bringing it fully into the digital age requires work. But as Ralph Koker, global head of product at TerraPay, told...

TerraPay President Says Cross-Border Payments Need Global Digital Wallet Network

September 05, 2024
In emerging markets, the digital wallet represents much more than a novel payment option. It is a digital passport to the digital world. And in that world, a card can...

Quick Reads
DailyPay Expands Visa Relationship to Offer International Remittances

October 28, 2024
DailyPay added an international remittance feature to its platform. The new addition is powered by the financial technology solution ReadyRemit by Brightwell and Visa Direct. It lets users send money to friends and family worldwide “at the tap of a button” without needing to wait for a scheduled payday, according to a Monday (Oct. 28) […]

Western Union’s Digital Business Sees 15% Growth in Transactions

October 23, 2024
Western Union’s Branded Digital business saw 15% growth in transactions and 9% growth in revenue on a reported basis in the third quarter. This marked the sixth consecutive quarter of...

Stellar Adds Mastercard Crypto Credential Tool to Its Blockchain

October 15, 2024
Stellar Development Foundation is integrating Mastercard’s Crypto Credential solution into its blockchain network. The credential, which helps verify interactions among consumers and businesses using blockchain networks, will be added to...

Mastercard and Paysend Launch Remittance Solution in Mexico

October 07, 2024
Mastercard and Paysend partnered to launch the Paysend Libre remittance solution in Mexico. Paysend Libre uses a virtual Paysend Mastercard to provide a secure way to receive remittances, even if...