Remittances are a dominant pillar for economic development in lower- and middle-income countries with a substantial migrant demographic. These foreign-based workers in developed countries regularly send funds to their families and friends in their home countries, where they often account for a meaningful portion of...
Today in payments around the world, VertoFX raises $10 million to expand currencies on its platform, and Ofbusiness’ B2B platform is valued at $3 billion. Plus, Andela‘s recent funding round makes it the sixth unicorn in Africa, and EML Payments acquires Sentenial to push into...
In today’s top Europe, the Middle East and Africa (EMEA) news, U.S. and EU officials met in Pittsburgh to discuss technology regulation, while U.K. commercial bank OakNorth is now valued at $5 billion. Plus, U.K.-based digital bank Starling expands into Europe, 6 million merchants march...
Officials from the U.S. and the European Union are meeting on Wednesday (Sept. 29) to forge a unified stance regarding new technologies while also expanding trade and investment ties, according to multiple reports. Get the Full Story Complete the form to unlock this article and...
Mobile wallet company GCash is aiming to remove friction from financial services in the Philippines where consumers have seen challenges, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The U.S. will assemble allies, particularly those in Europe, to compel the deceleration of China’s innovation, Commerce Secretary Gina Raimondo said Tuesday (Sept. 28), according to a CNBC report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
ICICI Bank on Monday (Sept. 27) announced it has partnered with Amazon India to offer overdraft protection up to 25 lakh rupees ($33,856) for Amazon India sellers and small businesses, according to a press release from the bank. Get the Full Story Complete the form...
Wise, a digital money transfer platform, is joining Australia’s New Payments Platform (NPP) in a move designed to let transfers be settled in the country quicker and at less cost, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy...
Consumer lending service Ant Group Co. will turn over all of its credit data to Chinese government officials for inclusion in a federal credit reporting system, according to a report on Wednesday (Sept. 22) in The Wall Street Journal. Get the Full Story Complete the...
