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| Jun 23, 2024 | 14 reasons why remittances are important | Estimated reading time: 2 minutes
Every year on 16 June, the global community observes the International Day of Family Remittances. This day raises awareness of the hard work of millions of migrants who support their families and communitie... |
| Nov 16, 2023 | Visa and Tencent Financial Technology Extend Global Partnership to Facilitate Remittances to Digital Wallets Utilising Visa Direct | SINGAPORE, Nov. 16, 2023 /PRNewswire/ -- Visa, a world leader in digital payments, and Tencent Financial Technology, the fintech division of Tencent, a global internet company, announced today at the Singapore Fintech Festival 2023 that the... |
| Oct 4, 2023 | 3 cryptocurrencies to use for efficient remittances worldwide | A growing trend in finance known as remittances is described by the International Monetary Fund (IMF) as the sum of two main components involving financial transactions across borders: “Compensation of employees” and “personal transfers”. H... |
| Sep 28, 2023 | MTN outlines big financial services expansion plan | Bradwin Roper
MTN South Africa is venturing ever further into territory traditionally occupied by the country’s banks.
The telecommunications operator on Thursday added a raft of new features and services to its MoMo (mobile money) platform... |
| Sep 20, 2023 | MoneyGram Expands Direct to Bank Account Services in South Korea | MoneyGram customers in South Korea can now receive funds from family and friends around the world in near real-time bank account services via WireBarley
Through MoneyGram's global payment rails, WireBarley customers can also now send money ... |
| Sep 4, 2023 | Kotani gets $2M pre-seed to help African workers send money home via crypto — without the internet | Of the many lofty promises of cryptocurrency, one of the most commendable ones is its potential to bring financial inclusion to underserved users. Nairobi-based Kotani Pay is a crypto payments startup with a vision to make cross-border remi... |
| Sep 4, 2023 | myZoi wants to make remittances less costly for migrant workers | Money sent home by migrant workers not only helps their families, but also enables entire economies to develop. But transferring money comes at a high cost to workers, with remittance fees averaging about 6.5%. MyZoi wants to cut fees by mo... |
| Jul 11, 2023 | Western Union: Half of migrants living in Australia say that without being able to send money back home their family would be in poverty | New research by Western Union finds that without being able to send money back home 51% of migrants living in Australia believe their family or friends would be in poverty.
The report, which explores the real-world impact of remittance paym... |
| Jul 11, 2023 | Western Union: Two-thirds of migrants living in New Zealand state that being able to send money to their family back home gives their life a sense of purpose | DENVER, July 11, 2023 /PRNewswire/ --New research released today by Western Union has revealed that 61% of migrants living in New Zealand believe that being able to send money to their friends or family back home, gives their life a sense o... |
| Jan 12, 2023 | IMF: Despite the Hype, Fintech Has Yet to Disrupt the Remittance Market | Despite enthusiasm surrounding the potential of fintech to disrupt the remittance market, evidence shows that there is a gap between the hype and the reality on the ground. In fact, and contrary to expectations, fintech companies are increa... |
| Jun 29, 2022 | Afriex is democratising wealth creation by facilitating global money transfers | Have you ever wanted to transfer money to someone in another country but seeing the transfer charges changed your mind? In this modern world where humans are more connected than ever, millions of people have cause to send or receive money t... |
| May 22, 2022 | Digital Wallet Group Brings Smiles to Singapore with Launch of Mobile Remittance App for Foreign Workers | SINGAPORE / TOKYO, JAPAN – Media OutReach – 23 May 2022 – Global IT and fintech company Digital Wallet Group (DWG) today announced the launch of its Smiles Remittance application (Smiles) in Singapore. DWG’s subsidiary, Digital Wallet Singa... |
| Dec 18, 2021 | World Bank : We must learn to live with migration | Email
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In Observance of International Migrants Day (December 18)
Migration, like global warming, is a hot topic. It is also equally if not more controversial: while a global consensus seems to be emerging on address... |
| Nov 17, 2021 | Remittance Flows Register Robust 7.3 Percent Growth in 2021 | WASHINGTON, Nov 17, 2021 - Remittances to low- and middle-income countries are projected to have grown a strong 7.3 percent to reach $589 billion in 2021. This return to growth is more robust than earlier estimates and follows the resilienc... |
| Aug 30, 2021 | Digital Wallet Group enters Singapore to expand mobile remittance technology with acquisition of RediMoney Express | SINGAPORE/TOKYO, JAPAN – Media OutReach – 31 August 2021 – International IT and fintech company Digital Wallet Group (DWG) has expanded into Singapore by acquiring licensed remittance and foreign exchange company RediMoney Express Pte Ltd (... |
| Aug 4, 2021 | Khula’s seed round, Wapipay’s pre-seed, and Printivo CEO steps down | Share this article:
Today I’m discussing:
Khula’s $1.3 million raise
Wapipay raises $2.2 million
Oluyomi Ojo steps down as Printivo CEO Khula raises $1.3 million
Karidas Tshintsholo (CEO), Matthew Piper (CPO) and Jackson Dyora
South African... |
| Jul 2, 2021 | Remittance Recipients: Findings on the Greenback Initiative in Morocco | The COVID-19 pandemic shows yet again the important role that remittances play for economic development and poverty reduction. A remittance is money that family members or friends, who live in another country or location, send to loved ones... |
| Apr 7, 2021 | Call for Proposals: COVID-19 Impact on Internal Migration, Labor Markets and Urbanization | Email
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The COVID-19 has created large-scale distresses and economic disruption globally which resulted in labor market disruptions. The lockdowns and the shutdown of the economic activities caused loss of income for... |
| Jun 13, 2020 | An Indonesian Chef and the Remittance Industry's $554B Problem | Leah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia.
When Chef Bagus closed the doors to his restaurant in the Balinese tourist... |
| Jan 13, 2020 | Western Union to Enable Money Transfers to 150M Du Xiaoman Financial App Users in China | Western Union customers will now be able to have their money transfers to China accounts be paid out in real-time to majority of bank account holders — this is thanks to a partnership between Western Union, Du Xiaoman Financial and its netw... |
| Nov 30, 2019 | MTN Introduces Mobile Money Diaspora Service, MTN Homeland | wp_booster error:
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| Nov 30, 2019 | MTN Introduces Mobile Money Diaspora Service, MTN Homeland | wp_booster error:
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| Aug 13, 2019 | Backed by Tencent’s Co-Founder, Koku Eyes Indonesian Expansion | Singapore based fintech KOKU has announced its plans to expand into Indonesia. Its regional expansion follows their successful US$2 million pre-series A funding round earlier this year, which was led by Decent Capital, an investment firm st... |
| Apr 10, 2019 | Bitpeza is Solving the Remittance Payments Challenge in Sub-Saharan Africa using Blockchain Technology | Africa loses billions due to the high cost of remittances – billions of dollars in remittances flowed to Africa in 2017. The money could go further if it was not more expensive to send money to Africa than anywhere else in the world, a new ... |
| Dec 10, 2018 | World Bank: Developing Countries Sees Record-Breaking Remittance Inflow in 2018 | Remittances to low and middle income countries grew rapidly and are projected to reach a new record in 2018, says the latest edition of the World Bank’s Migration and Development Brief, released today.
The Bank estimates that officially rec... |
| Aug 9, 2018 | Online platforms that enable instant money transfer to Africa from overseas | Share this article:
According to the World Bank, remittance to Sub-Saharan Africa is expected to hit $39.2 billion by the end of 2018 (PDF).
Before now, remittance to Africa from overseas required a visit to an agent and transfers usually t... |
| Jul 11, 2018 | Western Union opens office in Ivory Coast to grow its agent network | western union
Western Union has opened an office in Ivory Coast in a move expected to grow its agent network and customer base by investing in one-on-one customer service and public relations.
Launched in the country in 1995, Western Union ... |
| Shares of family-owned UAE exchange Al Ansari Financial Services surge in Dubai trading debut | Dubai’s first IPO of 2023 surged in its trading debut on the Dubai Financial Market after raising $210 million
The Al Ansari family sold 750 million shares in the offering, a 10% stake in the company
Al Ansari Financial Services is home to ... |
| India’s currency is under pressure — and analysts say the rupee could test new lows | The Indian rupee has come under intense selling pressure in recent weeks due to a perfect storm of global headwinds which analysts say will continue to pummel the currency in the months ahead.
It has already tested record lows falling more ... |
| The crypto exchange this 26-year-old launched in 2019 has done $1.75 billion in transactions | Yellow Card is the largest centralized cryptocurrency exchange in Africa.
For its nearly 1.4 million users across the continent, Yellow Card – which offers an experience similar to Block’s Cash App – is a vital lifeline to money.
Co-founder... |