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Remittances
Bangladesh Bank devalues taka again as US dollar hits all-time high
The US dollar exchange rate for interbank transactions was revised to 87.5 taka, up 0.80 taka. On the open market, a dollar now costs a record 97 Tk. The difference between interbank rates and free market rates exceeds Tk 9, the highest…
World events and delayed decisions threaten outlook for external accounts – Breaking News – The…
The dilation in the prices of major world commodities, the acceleration of global monetary tightening, the relaunch of the Saudi facility, the ongoing reviews of the IMF-Pakistan Extended Financing Facility (EFF), fragile global…
Explainer – How Sri Lanka descended into crisis
Sri Lanka's economic crisis has turned into deadly violence. Eight people died and more than 200 were injured on Monday, the country's powerful prime minister resigned and his brother, the president, is looking for ways out of the…
NERC denies approval of new electricity tariff
The Central Bank of Nigeria (CBN) said it recorded a total decline of 48% in direct foreign exchange remittances in the country.The country's apex bank said direct remittances of foreign currency had risen from $130.12 million to $119.4…
Western Union (WU), Ria Financial Services, PayPal/Xoom, TransferWise – ManufactureLink
A well-documented primary and secondary research investigation of the Global remittance market gives an in-depth understanding of the current business model and its crucial components. The multidimensional study approach!-->…
Mobile Money Transfer Services Market Size and Forecast
New Jersey, United States – Comprehensive analyzes of the fastest growing companies Mobile Money Transfer Services Market provide information that helps stakeholders identify opportunities and challenges. The 2022 markets could be another…
NBU fundraising special account to support the Armed Forces of Ukraine
The National Bank of Ukraine (NBU) has opened a special fundraising account to support the Armed Forces of Ukraine.
NBU Governor Kyrylo Shevchenko announced the opening of this special account in his February 24 video…
Record remittances reaching fewer households | Business
Twenty-year-old Crystal is unapologetic about her lifestyle.
She is one of thousands of Jamaicans who depend on remittances from abroad for their living expenses.
But Crystal, whose real name is withheld to protect her privacy,…
The wealth of Farah Khan and his family is increasing under the PTI regime
ISLAMABAD: Farhat Shahzadi aka Farah Khan and her husband Ahsan Iqbal Jameel exchanged gifts and loans of millions of rupees during the PTI government, documents reveal.
The documents suggest that the exponential growth of their assets…
Current account gap hits $1 billion
CARACHI:
Pakistan's current account (CAD) deficit - the gap between the country's higher foreign spending and low income - widened again to $1 billion in March despite inflows to the accounts of Export earnings and workers'…
Fasset Raises $22M Series A to Power Digital Asset-Based Remittance Corridors in Emerging Markets,…
Fasset, a globally regulated digital asset gateway, has closed a $22m Series A funding round, led by Liberty City Ventures and Fatima Gobi Ventures, with participation from Soma Capital, MyAsiaVC and d 'others. Leading institutional…
Western Sanctions on Russia Could Spill Over to Azerbaijan
Baku, Azerbaijan —
As Western sanctions against Russia continue to escalate, observers in Azerbaijan worry about potential ramifications in a country with close economic ties to Moscow.
Some experts believe that the deterioration of…
All-in-one digital banking services for emerging markets
“The typical incumbent bank is not a technology company. They buy a basic banking system from a supplier who sells to banks all over the world. »
This statement from Tiernan Kennedy, CEO of Umba, a digital bank for emerging markets, is…
Leaders must find ways to reduce poverty, increase income
The proportion of Kenyan families exposed to "multidimensional poverty" has increased.
While there are many encouraging signals that the economy is rebounding from the slowdown of the past two years, the challenge of declining incomes…
Caution must prevail
MAHMUDUR RAHMAN |
Published:
April 10, 2022 10:48:29 PM
It's not a bad idea to throw in a little flamboyance amid caution. Sitting comfortably on foreign exchange reserves of $49 billion allows for a degree of comfort that…
Pennsylvania Republicans seek to levy remittances from illegal immigrants to fund property tax…
NEWYou can now listen to Fox News articles!
A group of Republican lawmakers in Pennsylvania have introduced a bill that would impose a levy on international remittances made by illegal immigrants and divert revenue to the Commonwealth…
Sri Lankan president asks experts to plan debt restructuring
Published on: 04/07/2022 - 10:48
Colombo (AFP) - Sri Lanka's embattled president has appointed a panel of experts to engineer debt restructuring to pull the country out of a…
Overnight cash rate rises due to liquidity crisis
Bangladesh Bank was supposed to mop up Tk 1,500 crore through auction but canceled it to avoid worsening liquidity crunch
April 05, 2022, 10:30…
Entire Cabinet ministers quit amid economic crisis. 10 updates
All of Sri Lanka's cabinet ministers except Prime Minister Mahinda Rajapaksa have decided to resign amid growing public anger against the government over the economic crisis in the country.…
Ruling coalition party urges President Gotabaya Rajapaksa to form multi-party government
Sri Lanka is currently experiencing the worst economic crisis in its history. With long queues for fuel, cooking gas, shortages of basic…
Op-Ed: Migration as a Remedy for Global Inequalities
Globalization, defined by Merriam-Webster as “the development of an increasingly integrated global economy,” is inextricably linked to global inequality that has shaped the lives of billions of people around the world. Economists Thomas…
Economic incentives lure Central Asians into Russia’s war effort – The Diplomat
Crossroads Asia | Economy | Security | Central Asia
Many Central Asians who join the Russian military react blindly to economic incentives, which are arguably based…
Georgians suffer fallout from Western sanctions imposed on Russia over Ukraine
The sanctions imposed by Western countries on Russia are beginning to have an impact on the economic stability of its neighbours. Many Georgians working in Moscow normally send money home to relatives. But new banking and currency…
Al Ansari Exchange records up to 20% growth in remittances to Egypt
The UAE's money exchange and transfer company, Al Ansari Exchange, has seen a 15-20% increase in remittances to Egypt since Monday as the most populous Arab country seeks to overcome the turbulence of the war against Ukraine on its…
Central Asia has suffered economic blows because of Russia’s war in Ukraine
The five Central Asian republics - Kazakhstan, Turkmenistan, Uzbekistan, Tajikistan and Kyrgyzstan - are in a difficult neighborhood and a very delicate position. Three decades after gaining independence from the…
Kerala set to prepare database on Malayalis abroad – The New Indian Express
Express press service
KOCHI: For the first time, Kerala is officially preparing a database of Keralites, an initiative that will help the state find the number of Malayalis working abroad, including in the United…
Ripple will award 1 billion XRP in developer grants
Ripple (XRP), the enterprise payment technology company, plans to pay out one billion XRP in developer grants. The recently announced grant is an extension of the company's XRPL grant program, which launched in 2021.The developer grant…
Fino Payments Bank expects steady growth of 28-30% for the next few years: Rishi Gupta, MD &…
Rishi Gupta, Managing Director and CEO of Fino Payments Bank Ltd, talks about the impact of geopolitical tensions on his business, Q3FY22 figures, growth trend of micro ATMs and AePs, business outlook and competition, plans of smaller…
Medium-term economic recovery
Weaknesses in the economy, masked by pandemic-related fiscal and monetary relief measures and regulatory forbearance, are beginning to dissipate. Economic growth is consistently below target, the budget deficit is large and widening,…
Kenya exports 39,000 migrant workers in 2021
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Kenya exported around 39,000 migrant workers in 2021, a senior government official said on Friday.
Simon Chelugui, Cabinet Secretary in the Ministry of Labor and Social Welfare, said in Kenya's capital,!-->!-->…
Noida-based EbixCash files DRHP for Rs 6,000 cr IPO of fresh shares
EbixCash Limited, the Indian subsidiary of Nasdaq-listed Ebix Inc, has filed its draft red herring prospectus (DRHP) with market regulator Sebi to raise Rs 6,000 crore via an…
Diasporas urged to leverage AfCFTA to attract investment to Ghana
Second Lady Samira Bawumia implored Ghanaians in the Diaspora to take advantage of the opportunities of the African Continental Free Trade Area (AfCFTA) and bring investment to Ghana.
According to her, there is an enabling…
Paypal Joins Other Payment & Remittance Providers Suspending Services in Russia CryptoBlog
A number of payment and remittance platforms, including Paypal, have restricted access to their services in Russia as Western sanctions against Moscow's invasion of Ukraine continue to expand. Fintech companies have also limited…
Walmart builds on banking strategy with US-Mexico remittances
Walmart will bring back transfers between the United States and Mexico through Walmart2Walmart, focusing on low transaction fees.
The company offers an…
Remitly reports $458 million in revenue in 2021, up 78%, as money transfer company suspends service…
Remitly went public last year. (Remitly Photo)
Remitly shares rose 9% in after-hours trading on Wednesday following the release of the company's fourth-quarter earnings report.
The remittance company, which went…
Bangladesh to launch second phase of trade policy reform
ZAIDI SATTAR |
Published:
Mar 01, 2022 1:22:18 p.m.
| Update:
Mar 01, 2022 1:26:01 p.m.
Over the past 50 years, Bangladesh has proven to the world that it can be a highly competitive trading nation. Trade, not aid, is…
King Properties will launch 4 projects
growth. / KATLENE CACHO-LAUREJAS" title="TRUST. Amid uncertain times, King Properties Chairman Jason King remains optimistic about the year ahead, citing robust…
NCC plans IT solution to probe tax remittances by telcos and others – The Whistler Nigeria
The Nigerian Communications Commission plans to deploy a technology, the Revenue Assurance Solution (RAS) to independently monitor revenue payable to the Federal Government.
The Commission's Executive Vice President, Umar Danbatta, said on…
US reacts to Putin’s recognition of breakaway republics in eastern Ukraine | Venable LLP
On the evening of February 21, 2022, President Biden signed an Executive Order (EO) — with immediate effect — imposing economic sanctions on the “self-declared” independent states of the Donetsk People's Republic (DNR) and the Luhansk…
How will transactions in digital rupees happen? Will it be different from UPI payment?
Ever since Finance Minister Nirmala Sitharaman made the announcement of a Reserve Bank of India (RBI) backed digital rupee from next fiscal year, CBDC has been the latest buzzword for many of us. who wonder: what is it…
Pakistan needs to boost its exports
KARACHI: While Pakistan received $18 billion in remittances in the first seven months of FY22, experts and economists believe the country is likely to manage its growing current account deficit if…
Dr. Devi Shetty urges to ‘think differently’ at FORE School of Management’s second…
NNA |
Update: February 18, 2022 5:28 p.m. STI
New Delhi February 18 (ANI/SRV): The Communication Department of FORE…
Neobank Revolut takes steps to expand into Australia and India
Revolut is taking steps to excel in its global expansion and grow its customer base.
The UK-based neobank can now venture into Australian lending, and it has…
Have remittances peaked? – BR Search
As the upward momentum in remittances home continues with the 7MFY22 aggregate at a record $18 billion up 9.5% year-on-year, the monthly tally recently showed a trend on the decline. Remittances of $2.1 million in January 2022 were the…
Mobile Money Transfer Services Market Size and Growth
New Jersey, United States,- This Mobile Money Transfer Services Market The report includes an in-depth competitive analysis with the aim of estimating financial growth and maximizing the company's profit potential. It helps in making…
Remittance Market Size, Value, CAGR, Analysis
New Jersey, United States,- Remittance market Research offers you all the data related to your industry size, general operating models and growth potential. It talks about the characteristics of customers in a specific industry. It also…
Remittance Market to Hit $1.23 Trillion Globally by 2030 at a CAGR of 5.7%: Allied Market Research
Rise in cross-border transactions and mobile payment channels, reduction in transfer costs and time, and increase in adoption of banking and financial services are fueling the growth of the global remittance market.PORTLAND, Oregon.,…
Remittance Market 2020 Estimate, Consumption, Demand, Industry Trends and Growth Opportunities to…
The latest Remittance Market report published by Value Market Research provides detailed market analysis including market size, share, value, growth and trends for the period 2020-2027. The remittance market is vast, with…
Re1 for each USD redemption: SBP’s CE Incentive Program kicks in
KARACHI: The State Bank of Pakistan (SBP) has introduced a new incentive program for exchange companies, under which they will get 1 PKR for every US dollar when returning 100% of foreign currency, received in the form of remittances to the…
How to Send Funds to India Using Crypto
With all the developments in the industry, we find that cryptocurrencies are much more accessible
In times of pandemic, global remittance flows are proving resilient. A 2021 report by the Indian Express indicates that $83 billion…
Foreign exchange gains growing on exports and remittances
Bangladesh's foreign exchange earnings continue to run on a steady track as exports and remittances maintained positive growth in January this year.
Last month, export earnings saw a 41% year-on-year growth, while remittances grew by…
Payment delay for expats in Oman as South Asian currencies falter
The Indian, Pakistani, Sri Lankan and Bangladeshi currencies all fell.Muscat: Expats from South Asian countries who want to send money home can currently get very good rates for the Omani Rial, as its exchange values remain high.Indians…
Bag containing over $1,000 of cash stolen from Woodlands Kopitiam, owner files police report
Bag with money stolen from Vista Point Kopitiam
For foreigners living in Singapore, payday is also a time when they send money to family back home.
Unfortunately, for this Malaysian from Singapore, her bag, containing around $1,000 worth…
Bitcoin Remittance Revolution: Will Africa Lead the Way?
Africa might as well be the new home of Bitcoin. Mobile phone penetration, weak national currencies and restrictive monetary policies are some of the major drivers behind the booming Bitcoin remittance market in Africa.
The African…
MICROCAPITAL BRIEF: One World Connect, partner of the National Bank of the Philippines (PNB) for…
One World Connect, a UK-based company that facilitates remittances from the UK and Australia to the Philippines, recently announced a partnership with the Philippine National Bank (PNB) to expand the options businesses deliver to…
Remittances and digital remittances market size
New Jersey, United States,- The research study presented in this report offers complete and intelligent analysis of the competition, segmentation, dynamics, and geographical advancement of the Digital money transfer and remittance market.…
Blockchain Tech Can Facilitate Cross-Border Payments
Cross-border B2B payments can be challenging, with regulatory differences, language barriers and high global money transfer costs.
Regulatory differences increase transaction and negotiation execution times, leading to increased operational…
Private sector urges government to develop mechanism to facilitate remittances through banking…
KATHMANDU, 20 January: The private sector has asked the government to provide subsidies to increase interest rates on remittance earnings to enable migrant workers to send the money they have earned through banking channels.
In a meeting…
The real estate sector will “roar” in 2022
The Year of the Tiger will see the local real estate sector roar and regain its lofty stature, according to real estate analysts.
Citing data from First Metro Securities Brokerage Corp., Claro Cordero Jr., director and head of…
Visible signs of distress as expats dip into non-residents’ deposits in Kerala banks –…
Express press service
KOCHI: Bank deposits by non-resident Keralites have declined, perhaps for the first time, indicating distress in the state's large expatriate community. NR deposits in banks in Kerala decreased…
UAE – Pakistan is on track to receive $32 billion in remittances…
(MENAFN - Khaleej Times) Posted: Sat, Jan 15 2022, 7:33 AM Pakistan is on track to hit a record $32 billion in remittances in the current fiscal year 2021-22, as more than nine million foreign…
Rising inflation, lower remittances and depletion of foreign exchange reserves
Rising inflation, lower remittances and depletion of foreign exchange reserves
Bank of Nepal Rastra, Baluwatar. (File photo)
KATMANDU: Year-on-year consumer price inflation stood at 7.11% in the fifth month of the current…
Lynx dives into the metaverse
Lynx Global Digital Finance Corporation (CSE: LYNX) (OTC Pink: CNONF) (FSE: 3CT0) (“Lynx” or the “Company”) is pleased to announce its commitment to expand its financial infrastructure to include support metaverse-based services.…
Chinese Minister in Sri Lanka to discuss “Belt and Road”
COLOMBO, SRI LANKA (AP) - Chinese Foreign Minister Wang Yi was in Sri Lanka yesterday to try to push forward Beijing's ambitious Belt and Road initiative as the island nation struggles to extricate itself from a!-->!-->…
New foreign currency restrictions for imports
Amid the depletion of foreign exchange reserves, the central bank has reduced the amount of foreign exchange that importers of various agricultural products can purchase from banks to pay for imports.According to the unified guidelines…
MoneyGram invests in Bitcoin kiosk operator Coinme
MoneyGram has acquired a 4% stake in Coinme.The money transfer company said the investment will support the bitcoin cash exchange's growth plans.Coinme currently operates in 48 US states and aims to expand internationally.Remittance giant!-->…
Futures sale of dollars reaches the rupee
KARACHI:
The Pakistan Foreign Exchange Companies Association (ECAP) has called on the government to order commercial banks to stop selling dollars in futures markets beyond their availability because blank selling leads to…
IT Department Says 2 Mobile Phone Companies Sent 5,500 Crore Yen In Remittance, Which Seems…
Our officeThe Income Tax Department said on Friday it carried out India-wide search and seizure on some foreign mobile phone manufacturing companies and associated persons on December 21, and found that two large companies had made…
Credit growth expected to reach 14% in 2021: Deputy Governor of SBV
VIETNAM, December 29 -
A client from Vietinbank's…
Remittances to keep the current account deficit “manageable”
A trader counting banknotes. Photo fileISLAMABAD: Highlighting two major challenges, notably the increasing current account deficit and higher inflationary pressures, the Ministry of Finance in its forecast relied on higher and…
Creator of App for Remittances to Africa and Asia Raises $ 65 Million in Series B –…
Tap Send, the creator of a money transfer app of the same name, revealed that he raised $ 65 million in a Series B funding round. The fintech company plans to use the funds to create a cheaper and faster cross-border money transfer…
The tradition that keeps my grandmother’s memory alive
My mother and I spent an afternoon unrolling my lola's apartment a few days after her death, in 2017. In her closet, my grandmother had stored a large cardboard box with an address in Manila written on it. thick felt side. Inside the box…
Bangladesh Mission to Italy Honors Major Remittances Senders
Bangladesh Expats Sent $ 21,752.27 Million in 2020
Bangladeshi Ambassador to Italy Md Shameem Ahsan expressed gratitude to the remittances senders, acknowledging the significant contribution made by the Bangladesh diaspora to boost the…
Pipit Global enters 12 new African markets with Cellulant
Download logo
The international cash payment platform Pipit Global and the pan-African payment company Cellulant (https://Cellulant.io/) have extended their partnership agreement to eighteen countries in sub-Saharan Africa.
The…
Dubai rupee devaluation alarm – Journal
KARACHI: Hawala operators in Dubai are selling the dollar for Rs 187-89 (at a premium of three to four percent over rates in Pakistan), leading to a drop in official remittances from Pakistanis working in the United Arab Emirates.
In…
Dynamics of currency exchange and remittances in Sri Lanka – Lanka Business Online
By Bilesha Weeraratne:
Written before International Migrants Day on December 18, 2021.
Despite the pandemic and the difficulties with remittances, remittances to Sri Lanka had resumed in December 2020 to register an annual…
Remittances increase 5.4% in 10 months
Lawrence Agcaoili - The Filipino StarDecember 16, 2021 | 00h00
MANILA, Philippines - Remittances from overseas Filipinos have…
Some restaurateurs rely on the “meal sales tax” rebate week to recover lost revenue
WETHERSFIELD, Connecticut (WTNH) - In the first full fiscal year since the start of the COVID-19 pandemic, the state broke its previous record for collecting sales tax. Almost $ 5.3 billion was collected from June to June, more…
Pakistan to capitalize on low banking penetration thanks to digital technology: Shaikh Shariq…
By Zafar Hussein
BEIJING, Dec. 12 (Gwadar Pro) C Pakistan will capitalize on low banking penetration through digital technology, which has great growth potential in line with the national financial inclusion strategy, said Shaikh…
The US remittance industry is growing – so where are the big banks? – Spacer sheet
The United States is the most popular destination for the world's migrants, who leave their countries of origin in the hope of a better future. It is home to 19% of the world's total migrant population. In 2020,…
Rupee breaks 177 barrier against dollar
KARACHI:
Defying market expectations for monetary stability following receipt of $ 3 billion in aid from Saudi Arabia, the rupee continued to lose ground against foreign currencies as it hit a new all-time low of Rs 177.43 against…
Modern Oman Exchange Uses Nium For Global Remittances
Nium, a global leader in payments and card issuance, and Oman's leading remittances and money exchange company, Modern Exchange Co., today announced a strategic partnership that will enable Modern Exchange Co. Latin America, United Kingdom…
The Hawala system is funded by drug money: Ajith Nivard Cabraal
Cabraal advises workers to "stay away from illegal channels"Defends the official exchange rate; expects to maintain below Rs. 203Three-pronged strategy to develop workers' remittancesBY Shenal FernandoThe Governor of the Central Bank of…
Vietcombank Remittance Company wins two international awards
Global Brands Magazine (GBM) is a prestigious UK online publication and forum for the biggest brands in the global business community. Winners are selected on the basis of commitment and effort in the pursuit of exceptional values,…
Explanation: neo-banks vs traditional bank
What are neo-banks?Neo-banks are online-only financial technology (fintech) companies that operate only digitally or through mobile apps. Simply put, neo-banks are digital banks with no physical branches.How are they different from…
Libya and Niger make progress in strengthening migration management and labor mobility
In a move to regularize labor migration, Libya and Niger today signed a memorandum of understanding that aims to protect migrant workers through the effective issuance of pre-employment work visas. and better meet the needs of the Libyan…
Uncertainties keep peso weak ahead of holidays
As the expected massive influx of remittances approached during the holiday season, the exchange rate for the peso has been among the weakest for the past three weeks due to risk aversion and catches benefits triggered by the…
Over 3 million prizes to be won during the SENDali Manalo promotion from Smart Padala! –…
Your SENDali experience with Smart Padala has just improved as now SENDali is unable to earn a share of more than P 3,000,000 when you send or receive funds through your trusted Smart Padala agent.
From November 15, 2021…
Mastering the Art of Financial Inclusion Through Digitization
The global payments and technology company MasterCard opened its local representative office in Bangladesh in 2013, but began offering its services more than two decades ago in 1997. In an interview with its Country Manager Syed Mohammed…
No bank charges, please: central bank digital currency will deliver remittances like emails
Cross-border payments are inefficient, often slow, opaque and expensive. Businesses around the world made $ 23.5 trillion in cross-border transactions in 2020, equivalent to 25% of global GDP. Companies also paid bank charges of $…
The court will hear the action against the NNPC
Judge Taiwo Taiwo of the Federal High Court of Abuja will hear today the complaint filed by a team of forensic accountants that the Nigerian National Petroleum Corporation (NNPC) is indebted to the Federal Allocation and Accounts…
Do not accept work orders below production cost: BGMEA
The leaders of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today urged garment manufacturers not to take on any item below their cost of production.
"Please no longer negotiate the prices of clothing items below…
Remittances to Rwanda Expected to Reach 246 Million T this Year | New times
Remittances to Rwanda for 2021 are estimated at around $ 246 million after dropping to $ 241 million in 2020 due to the Covid-19 pandemic, according to the latest World Bank analysis on migration and development .
The…
Money Transfer Software Market By Covid-19 Impact Outlook to 2028
A recent market research report added to the repository of Global Market Vision is an in-depth analysis of the global Money Transfer Software industry market. Based on the analysis of historical growth and current scenario of Money…
TerraPay and MTN Uganda announce new partnership
The Dutch payment infrastructure company TerraPay associated with MTN Mobile Money Uganda Limited to enable quick transfers to recipients in places like China and India.
âAs of 2020, TerraPay has been offering…
The food crisis in Afghanistan is a problem the United States can solve
As winter approaches, humanitarian watchdogs are sounding the alarm bells over the increasingly likely possibility of massive famine in Afghanistan, a deeply impoverished nation whose economy plunged following the withdrawal of the United…
MTN and Airtel as Payment Services Banks: Should Commercial Banks be Worried?
The major Nigerian telecommunications companies, MTN Nigeria and Airtel Africa, have received "Approval in Principle" (AIP) from the Central Bank of Nigeria to operate as payment services banks.
Payment service banks are banks…
Red flags that signal the impending financial collapse of a country
Lebanon is facing such a severe financial collapse that the World Bank has called it one of the worst since the mid-19th century. The country is quickly sinking into a dangerous state of state failure marked by violent riots, escalating…
CB creates a dedicated department to facilitate and streamline workers’ remittances –…
The Central Bank announced yesterday the creation of a new department named âForeign Remittances Facilitation Departmentâ (FRFD), with effect from November 3, 2021, which is responsible for!-->…
Remittances continue to fall in October
Expats sent $ 1.64 billion in October, down 4.6% from September
Remittances, which have been steadily declining since April at the start of this year, continued to decline in October.Expats sent $ 1.64 billion in October, down 4.6…
eNaira as Emefiele bell ringer
The The launch of eNaira on October 25 should be seen for what it is: a ringer to deepen the digital currency exchange by Central Bank of Nigeria Governor Godwin Emefiele. It was also fitting that…
Facebook’s Novi poses new challenges for remittances
Facebook's Novi digital wallet challenges established players in the remittance space.
Anadolu Agency via Getty Images
Last week Facebook
FB
announced the launch of its long-awaited Novi digital wallet,…
Is India walking on its own toes with cryptocurrency adoption?
Representative image. | Photo credit: iStock images
Highlights
The pandemic has!--component_10>…
Cross-border digital remittances to PH are on the rise – Manila Bulletin
Digital payments continue to be adopted more and more in the Philippines as the country continues to fight the COVID-19 pandemic.
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Recently, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno reported at a press…
Sandiganbayan condemns mayor and ex-treasurer for non-payment of P1.27-M taxes to BIR – Manila…
Sandiganbayan
The Sandiganbayan sentenced Mayor Arnold B. Abalos of the city of San Sebastian to Samar and former treasurer Virginia A. Uy of corruption for failing to hand over to the Bureau of Internal Revenue (BIR)…
Money Transfer Software Market 2021 Emerging Trends, Size, Share, Regional Outlook by 2028
New Jersey, United States, - The latest research report added to Intellect Repository Marketing Research is an in-depth analysis of the Global Money Transfer Software Market. Supported by historical growth analysis and current scenarios…
PSEi benefits from growing market confidence in the economy
The Philippine Stock Exchange's benchmark index (PSEi) ended higher on Wednesday as investors placed early bets ahead of the upcoming third-quarter earnings season.
The PSEi extended its recent gains and ended the session up 0.42%, or…
Mynt is the only PH startup in the SEAsia 35 Unicorns list
Posted: October 19, 2021 at 9:34 am MDT|Update: 10 minutes agoManila, Philippines, October 19, 2021 / PRNewswire / - Mynt, the holding company of Globe's fintech arm of popular GCash e-wallet, is the only Filipino startup that has!-->!-->…
Why the Gulf countries are the favorite destination of the Indian diaspora
According to the report by the Population Division of the United Nations Department of Economic and Social Affairs, International Migration 2020 Highlights, India has the largest diaspora population in the world. The report said 18 million…
Zimbabwe Finance Minister Sees Potential for Reducing ‘Diaspora Remittances’ Via…
Zimbabwe's central bank frowns on digital currency and previously ordered all banks to stop processing transactions involving digital currencies, such as BTC and other altcoins in 2017. They called it "the currency of choice for money…
OFW’s remittances extend growth streak
Dollars sent home by expatriate Filipinos increased in August and extended their upward trend to seven consecutive months after erratic performance last year due to job losses induced by the coronavirus pandemic in the United States.…
Global Cryptocurrency Transfer Software Market 2021 Scenario of Major Manufacturers –…
Global Cryptocurrency Transfer Software Market is an upcoming study announced by MarketsandResearch.biz. It provides market data for the period 2021 to 2027. The report covers market dynamics including growth promoters,…
AB Bank resumes transfer service activities with Western Union
Western Union has relaunched its money transfer services with AB Bank Limited, allowing customers to receive cash deposits at more than 100 AB Bank branches nationwide.
Through this AB Bank - Western Union partnership, senders around…
Remittance Wages: Afghans Embrace Crypto Amid Financial Chaos
When Roya Mahboob started paying her staff and freelancers in Afghanistan in bitcoin almost 10 years ago, she had no idea that for some of these women,!-->…
Peso to increase payout data
The PESO is expected to rise against the dollar due to expectations of large remittances. - NB FILE PHOTO
The PESO could strengthen against the greenback this week amid expectations of bullish data on remittances and as the…
Ministry of Emigration aims to increase role of remittances in sustainable development
Nabila Makram, Minister of State for Emigration and Expatriate Egyptians, will launch a conference on Sunday on the role of remittances in supporting investment and sustainable development in…
Capgemini says nearly half of the world will use cryptocurrencies to send money over the next two…
A new report from Capgemini estimates that around 45% of users will use cryptocurrencies to make payments by 2023.
Using solutions like Ripple's XRP The protocol makes sending money to other countries faster and cheaper.
Nigeria,…