If it takes a year to contain the COVID-19 pandemic and reopen economies, global payments could fall by as much as $108.6 billion this year, according to Asian Development Bank (ADB) economists. “Migrant workers are among the hardest hit groups, with many facing scant job...
In a way, the deal seems old school. PayPal-owned money transfer operator Xoom said this week that its new agreement with Euronet Worldwide’s Ria will enable Xoom customers to pick up cash remittances from more than 150,000 Ria network locations. Cash, huh? It’s not as...
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. From user interface technology to security and risk management, the only constant in the financial space is that nothing stays the same...
With a $500 billion market opportunity and the proliferation of mobile devices among unbanked or underbanked consumers globally, the money transfer space is primed and ready for disruption. For BillMo, that disruptive remittance model revolves around one thing — delivering value. It’s no longer enough to...
August 10, 2017
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. From user interface technology to security and risk management, the only constant in the financial space is that nothing stays the same for long. Those who wait until they must either invest […]
March 07, 2017
Traditional remittance services tend to focus solely on the sender — onboarding as many senders as possible and charging fees on the money sent to drive revenue. But BillMo is...
January 02, 2017
The money transfer market isn’t what it used to be. As consumers have become more comfortable with digital in their everyday lives, that expectation has shifted to the service of...
November 29, 2024
FinTech Wise reportedly has implemented a European regulator’s recommendations to bolster its anti-money laundering (AML) programs. Wise was forced into a formal remediation plan after the National Bank of Belgium found in 2022 that there was a shortcoming in its AML controls, the Financial Times (FT) reported Thursday (Nov. 28). The National Bank of Belgium supervises the London-listed […]
August 03, 2020
If it takes a year to contain the COVID-19 pandemic and reopen economies, global payments could fall by as much as $108.6 billion this year, according to Asian Development Bank...
March 22, 2016
Western Union announced its plans to launch remittance services from across the world into Cuba on Monday (March 21), closely following the U.S. regulatory and policy changes that now allow...
February 24, 2016
Western Union is being questioned by the European Union’s antitrust regulators in relation to allegations that it conspired with banks to push its rivals out of the money-transfer market. “Western Union...
