remittances

Wise Resumes Signing Customers in India to Tap $32 Billion Remittance Market
Wise Resumes Signing Customers in India to Tap $32 Billion Remittance Market
August 12, 2024  |  Cross Border Commerce

Money transfer firm Wise is reportedly hoping to tap India’s $32 billion remittance market. To that end, Wise plans to begin signing up new customers in the world’s most...

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Blend and Astra Partner on Card Funding of Deposit Accounts
Blend and Astra Partner on Card Funding of Deposit Accounts
August 05, 2024  |  Partnerships

Blend and Astra have partnered to enable financial institutions to add card funding to their deposit accounts. With this collaboration, financial institutions that use Blend’s platform for...

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PingPong Scores Payments License in Indonesia
PingPong Scores Payments License in Indonesia
July 31, 2024  |  Cross-border Payments

Enterprise-focused cross-border payments platform PingPong has won approval to do business in Indonesia. Bank Indonesia, the country’s central bank, has granted the company a payment...

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Western Union’s Digital Surge Offsets In-Store Decline
Western Union’s Digital Surge Offsets In-Store Decline
July 30, 2024  |  Earnings

The digital transformation of Western Union continues with the money-transfer company posting double-digit growth in global mobile and online transactions for the second quarter, despite...

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Cuba Bans Small Business From Using US Bank Accounts
Cuba Bans Small Business From Using US Bank Accounts
July 26, 2024  |  SMBs

Cuba has reportedly banned its small businesses from using U.S. bank accounts, just weeks after the Biden administration allowed Cubans to use the banking system....

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Prósperos Launches Mobile Financial Platform for Spanish-Speaking Consumers in US
Prósperos Launches Mobile Financial Platform for Spanish-Speaking Consumers in US
July 24, 2024  |  Mobile Payments

Prósperos has announced the general availability of its mobile financial platform designed for Spanish-speaking consumers in the United States and their families in Latin America....

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TerraPay and YeePay Partner on Cross-Border Payment Solutions
TerraPay and YeePay Partner on Cross-Border Payment Solutions
July 12, 2024  |  Cross-border Payments

TerraPay and YeePay have partnered to enhance cross-border payment solutions for customers. The new strategic partnership brings together TerraPay’s global money movement capabilities and YeePay’s enterprise...

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BIS Plans to Expand World’s Instant Payment Systems
BIS Plans to Expand World’s Instant Payment Systems
July 01, 2024  |  Real-Time Payments

The Bank for International Settlements (BIS) wants to expand the world’s largest instant payment system (IPS). BIS announced Monday (July 1), that it had completed...

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Western Union Grows Africa Retail Presence Via Morocco ‘Concept Store’
Western Union Grows Africa Retail Presence Via Morocco ‘Concept Store’
June 26, 2024  |  Cross-border Payments

Western Union is bringing its “concept store” concept to Africa with a new outpost in Morocco. The money transfer service announced the store — its...

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