remittances

Payments Startup Flutterwave Partners IndusInd Bank to Expand Into India
Payments Startup Flutterwave Partners IndusInd Bank to Expand Into India
September 08, 2023  |  Partnerships

African payments startup Flutterwave is reportedly expanding into the Indian market through a partnership with IndusInd Bank. This move makes Flutterwave the first African company to scale up...

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Western Union Debuts ‘Concept Store’ For Jordan’s Foreign Labor Force
Western Union Debuts ‘Concept Store’ For Jordan’s Foreign Labor Force
September 07, 2023  |  Cross-border Payments

Western Union has launched a “concept store” in Jordan to support that country’s foreign-born workforce.  The new store, announced Thursday (Sept. 7), was developed in partnership with Al Sadat...

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Report: African FinTech Flutterwave Planning an IPO
Report: African FinTech Flutterwave Planning an IPO
August 22, 2023  |  IPO

 Nigerian payments company Flutterwave is reportedly planning to go public. In an interview with Bloomberg News published Tuesday (Aug. 22), the company’s chief executive said it is moving forward...

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Surge in Remittances Provides Cover for Drug Cartels’ Money Laundering
Surge in Remittances Provides Cover for Drug Cartels’ Money Laundering
August 18, 2023  |  Security & Fraud

Drug cartels are reportedly disguising their ill-gotten gains as routine money transfers by using remittances. A surge in legitimate remittances from migrant workers has inadvertently made it...

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CBDCs’ Relevance Questioned After Canada Casts Skepticism
CBDCs’ Relevance Questioned After Canada Casts Skepticism
August 11, 2023  |  CBDC

It’s a widely reported data point that 93% of central banks are in at least some stage of deploying — or at least exploring —...

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Will CBDCs Be a Game-Changer for Cross-Border Remittances?
Will CBDCs Be a Game-Changer for Cross-Border Remittances?
August 04, 2023  |  Connected Economy

Cross-border remittances — where hundreds of billions of dollars flow internationally, typically as individuals send money home to friends and family — may be ripe...

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Flutterwave Extends Remittances Solution to US and Canada
Flutterwave Extends Remittances Solution to US and Canada
August 01, 2023  |  Global Payments

Flutterwave has extended its remittance solution to the United States and Canada, enabling money transfers from those countries to Africa. With this expansion, the Send App can now...

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Visa Direct Transactions Soar 20% as P2P and B2B Use Cases Gain Ground
Visa Direct Transactions Soar 20% as P2P and B2B Use Cases Gain Ground
July 25, 2023  |  Earnings

Visa’s fiscal third-quarter results show traction in new payment flows and management pointed toward resilient customer spending. The payment networks’ most recent results show that overall payments...

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TerraPay and Safaricom Team on Cross-Border Payments
TerraPay and Safaricom Team on Cross-Border Payments
July 19, 2023  |  Cross Border Commerce

Payments infrastructure TerraPay has launched a cross-border remittance partnership with Kenyan telecommunications firm Safaricom. The collaboration, announced Wednesday (July 19), will operate through TerraPay’s remittance...

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