The Financial Stability Board said in a press release Thursday (Oct. 9) that a 2027 cross-border payment benchmark deadline is unlikely to be met. The...
Immigrants in the United States are reportedly sending more money home amid heightened deportations. Remittances to many areas of Latin America are increasing by double...
Swift is introducing rules to speed cross-border payments for consumers and small businesses. The rules, created in partnership with more than 30 banks, enable retail...
Money transfer company Wise says it is taking part in Google’s new remittance offering. The collaboration, announced Tuesday (Aug. 12), will let American consumers use...
Google unveiled a series of payments updates aimed at online shoppers. The new features are meant to give consumers “added choice, convenience and value —...
Western Union is reportedly considering the launch of its own dollar-backed stablecoin. The remittance company is facing competition from a growing swath of cryptocurrency-centered money...
Western Union is acquiring money transfer service International Money Express (Intermex) for $500 million. The deal is designed to bolster Western Union’s retail business in...
Mastercard and BMO are expanding the Canadian bank’s money transfer service. The expansion adds new destinations and currencies, allowing BMO’s Canadian personal banking clients to...
Blue Remit and TerraPay have partnered to create a remittance experience that they said is faster, more transparent and compliant. This collaboration enables real-time payouts to...