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

PayPal’s Xoom, Euronet’s Ria Pair On Remittances

PayPal’s Xoom, Euronet’s Ria Pair On Remittances
PayPal’s Xoom, Euronet’s Ria Pair On Remittances
August 28, 2018  |  Partnerships

PayPal has increased its foothold in Eastern Europe and Africa, and has boosted its presence in the global remittance market, through a new partnership agreement....

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MoneyGram Seeks More Digital Gains In 2018
MoneyGram Seeks More Digital Gains In 2018
May 08, 2018  |  Earnings

MoneyGram’s first-quarter revenue and earnings missed Wall Street expectations on Tuesday (May 8), but the company is reporting early benefits from a new money transfer...

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DadeSystems Serves Banks By Serving Their Corporate Customers
DadeSystems Serves Banks By Serving Their Corporate Customers
March 14, 2018  |  Startups

Integrated receivables are a concept that many bank customers are now considering as they look to consolidate all their payment streams, whether paper or electronic....

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Western Union Opens India Tech Center
Western Union Opens India Tech Center
January 30, 2018  |  Cross-border Payments

Western Union, the wire payments company, announced news on Monday (Jan. 29) of the launch of its Western Union Technology Engineering Centre (WUTEC), a new...

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How To Live Forever In The Financial Services Space
How To Live Forever In The Financial Services Space
August 10, 2017  |  Innovation

Slow and steady doesn’t win the financial services race. If you’re not ahead, you’re behind, especially if you’re playing on the global stage. Get the...

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Siam Commercial Bank To Use Ripple’s Blockchain For Remittance
Siam Commercial Bank To Use Ripple’s Blockchain For Remittance
June 30, 2017  |  Payment Methods

Siam Commercial Bank (SCB), in collaboration with Japan’s SBI Remit announced Friday (June 30) that it is using Ripple’s blockchain enterprise solution to power real-time...

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Wells Targets ACH Data Friction In Accounts Receivable
Wells Targets ACH Data Friction In Accounts Receivable
May 22, 2017  |  B2B Payments

As Wells Fargo looks to continue to pick itself up after a series of scandals, the FI is also positioning itself closer to the corporate...

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First Data, Flywire Partner To Transform X-Border Business Payments
First Data, Flywire Partner To Transform X-Border Business Payments
May 02, 2017  |  Partnerships

Conventional wisdom may be conventional, but it is not always prescient. In fact, the most widely held beliefs are often the ones that miss the...

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