Remittance

Showing Latest Remittance

£187 billion lost to hidden cross-border fees in a single year

23 Jan 24 @ 16:10

Sending money cross-border is a growing part of our international lives, but most people are unaware of what they actually pay to send, spend, or receive money internationally. According to... read more

One-Leg Out Instant Credit Transfer (OCT Inst) payments go live

04 Dec 23 @ 13:02

The European Payment Council’s (EPC) One-Leg-Out Instant Credit Transfer scheme (OCT Inst) has gone live. The launch of the new payment scheme of the European Payments Council (EPC) designed for... read more

Swift launch 24/7 cross border, instant payment processing

30 Nov 23 @ 17:44

Cross-border payments destined for Europe can now reach beneficiaries in seconds through seamless connection to domestic instant payment systems, with full transparency and end-to-end tracking powered by Swift. The European... read more

Visa and Tencent extend partnership for remittances to digital wallets

20 Nov 23 @ 16:41

Visa and Tencent Financial Technology, the fintech division of Tencent, say they are partnering to enable Weixin users to receive inbound remittance in their digital wallets. This partnership will extend... read more

Cross-border payments projected to accelerate over next 12 months

10 Nov 23 @ 14:16

As a growing number of people move overseas for jobs that allow them to better support their families, remittances and cross-border payments play a key role of getting their money... read more

ECB: Why we need a better cross-border payments network

02 Nov 23 @ 17:43

In recent decades, the world has witnessed a remarkable surge in cross-border payments, driven by the globalisation of trade, capital and migration flows. Global payments are expected to rocket from... read more

Swift enhances cross border dominance with Visa and Wise deals

20 Sep 23 @ 11:45

You may all be aware that Sibos is on this week! Earlier in the week we covered an interesting development that Revolut is attacking Swifts dominance in cross border payments... read more

Revolut RevTag launches to take on Swift cross border dominance

19 Sep 23 @ 11:00

Revolut has announced the launch of RevTag, its instant and free payments ecosystem, to Revolut Business customers. The RevTags feature will enable customers to send and receive instant zero-fee cross-border... read more

Exploring the difference between money transfer apps and digital banks

14 Aug 23 @ 12:00

The realm of personal finance has undergone a significant transformation in the digital age, thanks to the emergence of innovative financial technology solutions. Among the popular choices are money transfer... read more

FTC files amended money transfer scam complaint against Walmart

10 Jul 23 @ 16:13

As reported by Payments Cards & Mobile back in June 2022, the Federal Trade Commission (FTC) sued Walmart for allowing its money transfer services to be used by fraudsters, who... read more

Report: State of remittances consumer survey 2023

23 Jun 23 @ 09:10

MoneyGram has released the findings of a new consumer survey, which explores key trending factors and future growth drivers in the global payments industry, taking into account economic impact, digital... read more

Spoiled by war – Conflict hits Eurasian payments market

14 Jun 23 @ 17:16

Payments Cards & Mobile’s exclusive research into payments markets in 10 Eurasian countries reveals seismic change in the Eurasian payments market caused by the war in Ukraine. As our research... read more

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Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Emerging markets accelerate the shift to cashless payments

30 Apr 26 @ 18:03

Cashless payments are becoming an increasingly important marker of financial modernisation across emerging market and developing economies, with new data from t... more

Santander backs Ebury’s next phase with fresh funding

05 May 26 @ 16:52

Banco Santander has reinforced its commitment to Ebury after taking part in a funding round of about £550mn for the cross-border payments and trade finance fin... more