When the World Bank issued its 2020 predictions for the remittances market, it was bad news for service providers in the space. The report, released back in April, predicted the sharpest-ever decline in remittance volume, projecting a 20 percent drop in remittance activity. Get the...
The pandemic is affecting the amount of money migrant workers can send home, with remittances projected to drop 7 percent this year to $508 billion and forecasted to drop a further 7.5 percent by 2021, according to a statement from the World Bank Thursday (Oct....
As the pandemic fuels digital payments, Visa and PayPal have expanded ways for small to medium-sized businesses (SMBs) and consumers to move money quickly, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Cross-border transfers over SWIFT’s global payments innovation (gpi) topped $77 trillion last year, almost double the $40 trillion that moved through the service in 2018, SWIFT announced on Tuesday (Feb. 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
While there was no shortage of goings on this week, the eyes and ears of the payments, commerce and finance enthusiasts were more likely trained on the goings on in a bucolic Swiss mountaintop city named Davos. There in Davos, bankers, financiers, technologists, legislators, regulators...
Payments solutions firm EbixCash is bringing cash card solutions to India with a MoneyGram partnership, MoneyGram announced on Monday (Jan. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Paysend, a FinTech out of the U.K., has received a license to operate in Canada in a move that will expand the company’s global reach, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Digital borderless payment platform Wirex, which allows users to pay with both fiat currency and cryptocurrency, has teamed up with Visa to offer the Wirex Visa Travelcard, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy...
