Remittances are payments sent from one person to another, usually from one country to another. Remittances are non-commercial, so no goods are being traded.

Payments company Nala pivoted to offer remittance service in 2021, tapping the growing money transfer market in Africa, and demand for reliable and affordable services. Nala founder Benjamin Fernandes ...

In today's digital age, the financial landscape is undergoing profound change. One sector undergoing significant evolution is the remittance industry. Historically dominated by stand-alone giants like ...

Remittance services generally include high transaction volumes, which can generate significant revenue for banks. If you manage a bank, the offset costs of offering these services can provide you with ...

Remitly Global , Inc. (NASDAQ:RELY), a leading player in the digital remittance space with a market capitalization of $5.4 billion, has been making waves in the financial technology sector with its ...

Cross-border remittances are evolving fast. Your customers want faster, cheaper, and easier ways to send money home. But in many regions, access to banking is still limited. That’s where agent ...

Payments firm Wise has announced its integration with Google to enhance remittance services for consumers in the US. The service, which is currently in a testing phase for Google users in the US, ...

On June 6, 2024, the Regulation of Payment Services and Payment Initiation Law came into effect. Relevant entities may now submit license applications for providing payment and payment initiation ...

2024 was characterized by a multitude of regulatory directives to payment companies and to payment initiation companies as part of the preparations for the licensing obligation that came into effect ...