The pandemic, and the international trail of economic chaos it has wrought, has thrown the growing importance and relevance of readily available digital remittance products into stark relief worldwide, Volopa Director Jay Wissema told Karen Webster, as both senders and receivers have been forced by...
Mexico obtained $3.53 billion in remittances in July to reach the third-highest point recorded, marking a rise of over 7 percent from $3.29 billion in remittances it had received in July 2019, Reuters reported. Get the Full Story Complete the form to unlock this article...
No matter where you look, the pandemic has put up serious barriers to economic growth – and at the same time, has forced business models to pivot from in-person, face-to-face interactions toward digital offerings. Get the Full Story Complete the form to unlock this article...
Global travel may be down, and border restrictions remain in-place, but that doesn’t mean cross-border payment volumes have taken a hit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
If it takes a year to contain the COVID-19 pandemic and reopen economies, global payments could fall by as much as $108.6 billion this year, according to Asian Development Bank (ADB) economists. Get the Full Story Complete the form to unlock this article and enjoy...
An international association for central banks has issued a report that “aims to make lasting improvements in cross-border payments.” The current problem, according to the report, is that the payments setup “can be slow, expensive, unreliable” — or even unavailable in some countries. Get the...
In commerce, whether across the B2C or B2B landscape, speed matters. 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 to our daily newsletter, PYMNTS Today. By completing...
The pandemic has upended daily life – and in payments, it is moving analog, face-to-face transactions toward the digital realm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
MoneyGram will partner with Digital Financial Services in order to help facilitate cross-border transfers involving digital wallets in the United Arab Emirates, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
