All News and Announcements

Showing 1 - 10 of 71
News

EU and IFAD Launch New Initiative to Strengthen Financial Inclusion by Boosting Digital Remittances in Central Asia

This week IFAD launched  the Platform for Remittances, Investment and Migrants’ Entrepreneurship (PRIME) Central Asia Initiative in Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan.

News

India Tops Global Remittances at $125 Billion in 2023: A Comprehensive Insight

The $125 billion influx signifies the unwavering commitment and support of the Indian diaspora to their families and communities.

News

Visa and Oxfam America to Explore Bringing Pre-Disaster Financial Support to the Philippines, Kenya, Colombia, and Puerto Rico

Visa recently teamed up with Oxfam America to serve as a payments partner in the Philippines, Columbia, Puerto Rico and Kenya.

News

Bancolombia and Terrapay Sign Contract to Strengthen Cross-Border Remittances Across Colombia

As part of their collective commitment to enhance financial inclusion, the two companies will enable seamless cross-border transfers, connecting Colombians living away from home with secure solutions to send funds to their loved ones in Colombia.

News

Fintech Purpl to Democratize Remittances, Support Financial Inclusion Efforts in Lebanon

In the first phase, Purpl will only operate their cash out solution, as a technology provider, via the partnerships signed with international digital remittance companies and licensed local cash out partners on the ground in Lebanon.

News

African Money Transfer App NALA Launches in European Union

The launch adds 19 new European nations to NALA’s list of send markets. The NALA EU expansion also revealed integrations with both Apple and Google Pay.

News

El Salvador Bitcoin Transfers Soar, but Still a Fraction of Dollar Remittances

Small transfers of bitcoin to El Salvador jumped over four-fold in May from a year ago but still represent a small amount when compared to remittances sent in dollars.

News

Kenya: Remittances to Kenya Resist COVID-19

The increase in remittances comes despite the impact of the pandemic on wages and employment across the world.

News

IGAD and UNCDF Announce Agreement to Formalize, Enhance Regional Remittance Flows

Technical assistance collaboration will review relevant policies and regulations, promote cross-border coordination to shift remittances into safer, more transparent formal channels.

News

Google Pay Enables Remittances, With Plans for Global Expansion

The app now allows users based in the United States to send money to GPay users in India and Singapore.