The global remittance industry has been plagued by inefficiencies for decades. Traditional systems suffer from high fees, sluggish processing times and a lack of transparency, which impacts ...

Every year hundreds of billions of dollars are transferred internationally by businesses and individuals who have emigrated from their home countries and cross-border money transfers are likely to ...

Every year, 800 million people depend on money sent across continents for their basic survival needs. As the world’s largest antipoverty program, these cross-border payment systems, known as ...

BASINGSTOKE, England--(BUSINESS WIRE)--A new report from Juniper Research has found deployment of blockchain for cross-border settlement will drive increasingly significant cost savings for banks; ...

Digital payment platforms, cryptocurrency projects, and other modern solutions are changing how money is exchanged on a global scale. Of the various methods by which payments can be made, remittances ...

The digital bank announced on Tuesday that it is partnering with Lightspark, a payments tech company that builds enterprise blockchain infrastructure for digital currencies, to offer account holders ...

In today's interconnected world, with people becoming more mobile than ever, the global remittance industry continues to play an increasingly crucial role in facilitating seamless cross-border ...

Shares of SoFi Technologies Inc. (NASDAQ:SOFI) climbed over 2% following the company’s announcement of new blockchain-enabled services designed to broaden member access to international money ...

This initiative tests a hybrid model that marries blockchain efficiency with established trade finance, aiming to set new industry benchmarks. By aligning regulatory clarity in both regions, the ...

As a seasoned professional in the fintech sector, I have personally observed the remarkable power of technology in revolutionizing Nigeria’s financial sector. Today, I aim to delve into the immense ...

Despite its global reach, the traditional remittance market is packed with challenges for users, including high fees and slow processing times. Fees are often between six and 10 percent of transaction ...