Remittance

08 Nov 21 @ 11:27

Global corporates move nearly $23.5 trillion across countries annually, equivalent to about 25% of global GDP. To do this, they have to rely on wholesale cross-border payment processes which remain... read more

12 Oct 21 @ 13:58

Banks from both sides of the Atlantic have successfully exchanged payment messages for a faster cross-border payments as part of a proof of concept demonstrating the feasibility of synchronising settlement... read more

11 Oct 21 @ 08:45

Global cross-border payment flows are expected to reach $156 trillion in 2022. This trillion-dollar cross-border payments market is being shaken up by a rush of new entrants that promise to... read more

29 Sep 21 @ 16:07

Singapore is taking a leading position in the fast growing Faster Payments space, inking two deals with influential neighbours in the space of two weeks. First, the Reserve Bank of... read more

02 Sep 21 @ 09:56

The Bank for International Settlements (BIS) and four central banks will test the use of CBDC for cross-border transactions, as global regulators seek to improve the speed and movement of... read more

23 Aug 21 @ 12:12

Two decades into the 21st Century, we have become accustomed to having every convenience at our fingertips exactly when we want it. In many ways that extends to our finances,... read more

16 Aug 21 @ 12:20

JP Morgan has announced the launch of a real-time payments product that it hopes will increase its edge in the initiative to handle more of the surging volumes of global... read more

10 Aug 21 @ 10:08

In more than 60 countries, including many developing nations, it has become incredibly easy to send funds in real time to someone else over the internet — knowing nothing more than... read more

02 Aug 21 @ 17:32

NCR , best know for its ATM’s and POS solutions, has announced a definitive agreement to acquire LibertyX, a cryptocurrency software provider, with a view to providing a complete digital... read more

23 Jul 21 @ 12:07

Visa has announced it has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and FinTechs to provide innovative foreign exchange solutions for cross-border payments. The... read more

07 Jul 21 @ 11:08

A new wave of digital-first lenders is opening up access to loans and investment capital for Europe’s SMEs, a trend which could lead to an economic revolution. In a new... read more

16 Jun 21 @ 11:02

Defying predictions, remittance flows have proved to be resilient during the COVID-19 crisis according the World Bank. In 2020, officially recorded remittance flows to low-and middle-income countries reached $540 billion,... read more