[ad_1] Overseas Filipinos’ cash remittances grew 2.8 percent to $30.211 billion by the end of November last year, according to the Bangko Sentral ng Pilipinas (BSP). In November alone, remittances…
Tag: remittances
UPI-PayNow Linkage: UPI Apps Can Now Receive Remittances from Singapore, Check Details – News18
[ad_1] In a major filip to UPI abroad, Indians can now receive instant and cost-effective remittances from Singapore-based Indian diaspora directly into their bank accounts through major UPI apps. In…
Why is MAS suspending third-party channels for remittances to China?
[ad_1] Source: Business TimesArticle Date: 20 Dec 2023 Author: Mia Pei The Monetary Authority of Singapore and Singapore Police Force say the temporary suspension is needed for the “immediate protection…
Jul-Nov remittances down 10pc to $11.045bn YoY
[ad_1] KARACHI: Inflows of worker’s remittances posted a decline of over 10 percent during the first five months of this fiscal year (FY24). The State Bank of Pakistan (SBP) on…
Crypto remittances offer cheaper alternative, but still face challenges to adoption
[ad_1] As the cryptocurrency market moves sideways and amid a deepening stablecoin exodus, the sector remains a vital lifeline for many sending money to loved ones while dodging extremely high…
50% Remittances not accounted for
[ad_1] More than half of foreign remittances into the country cannot be accounted for. The sad development is a result of the deregulation of the foreign remittances space which saw…
dLocal and ACE Money Transfer Partner to Facilitate Instant and Convenient Remittances in APAC and EMEA
[ad_1] As trusted payout partners, dLocal and ACE Money Transfer are providing fast, secure, and cost-effective remittance solutions in emerging markets. MANCHESTER, England & MONTEVIDEO, Uruguay, October 24, 2023–(BUSINESS WIRE)–DLocal…
South Africa’s MTN fintech arm pushes into remittances, business payments
[ad_1] JOHANNESBURG (Reuters) – South African mobile phone operator MTN is launching services allowing users to send cash abroad and businesses to accept payments via an app as it pushes…
HSBC to halt corporate remittances to and from Russia
[ad_1] HONG KONG — HSBC Group will halt remittance services to and from Russia and Belarus for its corporate clients next month as financial institutions respond to Western sanctions over…