Remittances to Mexico from the U.S. are seeing new highs, hitting a record $4.54 billion in July, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Melbourne, Australia-based FinTech Airwallex announced in a press release it will operate under newly-approved licenses in the United States — the first North American country in which it has a presence. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
RippleNet, Ripple’s global financial network, announced on Wednesday (Aug. 11) a third addition to its list of financial institutions (FIs) and money transfer companies in South Korea — Global Money Express (GME Remittance) — after partnerships with CROSS ENF and Sentbe. Get the Full Story...
The pandemic wasn’t enough to completely dampen global remittance flows, according to a press release from the World Bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Mexican workers abroad sent a record amount of money back to their home country in March, with remittances reaching $4.15 billion, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Remittances sent to Mexico saw their biggest increase in February since records started being collected in 1995, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Visa is preparing to increase the fees it charges on behalf of banks on transactions between the United Kingdom and European Union countries beginning in October, the Financial Times (FT) reported, citing unnamed sources. The fees are called “interchange fees.” Get the Full Story Complete...
Mexicans and Mexican-Americans working in the U.S. sent a record sum of money to the southern country despite the staggering blows the U.S. economy took due to the pandemic, The Wall Street Journal reported, citing data from Mexico’s central bank. Get the Full Story Complete...
PayPal‘s Xoom, an international money transfer service, has integrated with NPIL’s/NPCI’s Unified Payments Interface (UPI) to offer inter-bank transactions in India, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
