Like other industries, the pandemic saw remittance customers shifting from traditional brick-and-mortar environments to the digital space, with some customers using an app to transfer funds and check exchange rates for the first time. According to Jose Ivars-Lopez, U.K. and Ireland country manager at Ria,...
With the Ukraine-Russia crisis, skyrocketing inflation and investor belt-tightening creating a challenging macroeconomic market in Europe, FinTech firms in the region — much like the rest of the world — have struggled to keep business afloat, resulting in massive headcount reductions and hiring freezes. Many...
Brightwell and Visa have teamed up to help customers launch cross-border payments programs. This collaboration enables the use of Visa Direct through Brightwell’s ReadyRemit platform, making it easier for FinTechs, money transmitters, and prepaid and banking providers to enable real-time push payments to 3 billion...
As the global banking and financial services sector take stock after the collapse of Silicon Valley Bank (SVB), there are many lessons to be learned, said Maurizio Caio, founder and managing partner at Africa-focused venture capital (VC) firm TLcom Capital. Apart from the “very basic”...
The holy month of Ramadan, celebrated by close to 2 billion Muslims worldwide, kicks off Thursday (March 23). And according to the U.K. subsidiary of Ria Money Transfer, it’s going to be a busy month for remittance and international money transfers. In fact, remittance transactions...
Visa has found that more remittance senders and receivers are using digital apps. Fifty-three percent of these consumers use digital apps to send and receive money around the world, while 34% go to a physical bank or branch, 12% send cash, checks or money orders...
As China comes back online and adjoining markets like Hong Kong and nearby Singapore also reawaken from a COVID-induced slumber, that part of the world is hungry for digital innovation in payments and fraud prevention, creating an opening for platform players and their solutions. One...
San Francisco-based financial services platform Modern Treasury is introducing a product called “Global ACH” which it bills as “a new payment service” that enables lower-cost cross-border transfers than options like SWIFT by utilizing local payment rails. To launch Global ACH, Modern Treasury is partnering with Silicon...
A delay, but no setback. Richard Dzina, senior vice president of product development for CHIPS at The Clearing House, told PYMNTS the recent rescheduling by the largest private sector clearing and settlement system to the new ISO 20022 standard is simply a nod to what...