remittances

BIS Report: CBDCs Can Cut Cross-Border Payments’ Friction Points

BIS Report: CBDCs Can Cut Cross-Border Payments’ Friction Points
BIS Report: CBDCs Can Cut Cross-Border Payments’ Friction Points
July 12, 2021  |  Cryptocurrency

For central bank digital currencies to reach their full potential, banks must look beyond domestic use — and examine CBDCs’ risks and rewards for cross-border...

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Wise Cofounder Hinrikus To Resign As Chairman, Former Netflix CFO To Fill Role
Wise Cofounder Hinrikus To Resign As Chairman, Former Netflix CFO To Fill Role
July 05, 2021  |  Personnel

Wise cofounder Taavet Hinrikus, who served as chief executive for three years through 2017 before becoming chairman of the company, plans to step down within...

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Zimbabweans Sending More Money From Abroad Lift Local Economy
Zimbabweans Sending More Money From Abroad Lift Local Economy
June 09, 2021  |  Cross-border Payments

An increase in remittances from Zimbabweans living in distant locales and sending more money home helped improve the local economy, Central Bank Governor John Mangudya...

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Today In Payments Around The World: Klarna Unveils New UK HQ; eBay Moves Into Financial Services With UK Small Business Loans
Today In Payments Around The World: Klarna Unveils New UK HQ; eBay Moves Into Financial...
May 12, 2021  |  Cross-border Payments

In today’s top payments news around the world, Klarna revealed London to be the location of its U.K. headquarters, while eBay is launching a tool...

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$540 Billion Remittance Figure Higher Than World Bank Expectations
$540 Billion Remittance Figure Higher Than World Bank Expectations
May 12, 2021  |  Global Payments

The pandemic wasn’t enough to completely dampen global remittance flows, according to a press release from the World Bank. Get the Full Story Complete the...

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GPay Teams With Western Union, Wise To Take P2P Global
GPay Teams With Western Union, Wise To Take P2P Global
May 11, 2021  |  Digital Payments

Remittances is a massive global opportunity: Every year, some $700 billion in funds flows across national borders as migrant workers ship funds earned working abroad...

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Nigeria Renews Cash-For-Digital-Remittance Offer
Nigeria Renews Cash-For-Digital-Remittance Offer
May 06, 2021  |  Digital Payments

The Central Bank of Nigeria (CBN) has renewed its cash reward incentive for using digital remittances, according to a bank memo addressed to all deposit...

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Tala and Visa Partnership Seeks To Ignite Stablecoin Use In Emerging Markets
Tala and Visa Partnership Seeks To Ignite Stablecoin Use In Emerging Markets
May 05, 2021  |  Cryptocurrency

Call it an ignition play for cryptocurrency — specifically, making crypto spendable, not just a store of value — across borders with the unbanked populations...

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