Remittance

A remittance is a transfer of money, often by a foreign worker to an individual in their home country. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries.

Source: en.wikipedia.org

Xoom Customers Can Now Send Money To South Korean Accounts

Xoom Customers Can Now Send Money To South Korean Accounts
Xoom Customers Can Now Send Money To South Korean Accounts
October 03, 2019  |  Cross-border Payments

PayPal’s international money transfer service, Xoom, has announced that people in the United States, Canada and the U.K., as well as 31 other markets in...

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In Latin America, Ripple Makes Remittance Waves
In Latin America, Ripple Makes Remittance Waves
August 22, 2019  |  B2B Payments

Santander is building a payments corridor in Latin America, leveraging Ripple’s app and software for remittances. Separately, Latin America is also seeing a boost in...

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Deep Dive: Why Cross-Border Payments Need Transparency Overhaul
Deep Dive: Why Cross-Border Payments Need Transparency Overhaul
August 16, 2019  |  Smarter Payments

FIs and enterprises are facing increased pressure to make cross-border payments fast and seamless as consumers grow used to such products in other sectors. The...

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KBank On Rethinking Bank-FinTech Relations
KBank On Rethinking Bank-FinTech Relations
August 15, 2019  |  Smarter Payments

Remittances had a record year in 2018 despite the frictions that still exist when senders move money cross-border to receivers in need. In the latest...

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Banks Tap FinTechs For Remittance Overhaul
Banks Tap FinTechs For Remittance Overhaul
August 14, 2019  |  Smarter Payments

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Bitcoin Daily: New Zealand Allows Crypto Wages; SEC Postpones Bitcoin Funds Decision
Bitcoin Daily: New Zealand Allows Crypto Wages; SEC Postpones Bitcoin Funds Decision
August 13, 2019  |  Bitcoin

New Zealand has become the first country to legally allow wages to be paid in cryptocurrencies. Get the Full Story Complete the form to unlock...

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Western Union Shares Dip On News Of Facebook Crypto
Western Union Shares Dip On News Of Facebook Crypto
June 18, 2019  |  Payments Innovation

Shares in Western Union have fallen on Tuesday (June 18) on the news that Facebook is going to release a new cryptocurrency called Libra, according...

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TransferWise Seeks To Raise Up To $300M
TransferWise Seeks To Raise Up To $300M
March 31, 2019  |  Fintech Investments

Cross-border money transfer startup TransferWise is looking to raise funds and will sell a stake in itself to do so, according to a report by...

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