Argentine neobank Ualá announced it was moving into the segment, partnering with Mexican incumbent ABC Capital.
Nubank steps up its game in Latin America by offering remittances in Mexico and securing a new license in Colombia.
The World Bank predicted remittances would decline by almost 20 percent in 2020, the biggest drop in history; Remitly and...
In this episode we sit down with Matt Oppenheimer, the CEO and founder of Remitly, to discuss remittances, the financial challenges of immigrants and how fintech is serving them better.
When war broke out in Ukraine last year, Daumantas Dvilinskas and his team at TransferGo quickly realized the intensifying need for money transfering services such as theirs.
According to McKinsey $10 trillion is sent across borders by consumers and small businesses every year; however it is an...
Remittances is a huge business with over $600 billion remitted every year; the fintech startups currently leading are WorldRemit, TransferWise and Remitly; the WSJ breaks down the various offerings as well as the other players in the industry; includes data on the remittance market across the globe and trends in the industry. Source
MoneyGram is testing XRP for reducing both the cost of transferring money and the settlement times; Both MoneyGram and XRP traded higher on the news; Ripple has signed on about 100 banks as customers, but is also targeting remittance companies; Ripple CEO Brad Garlinghouse also tweeted that three of the five largest money-transfer companies would begin to use XRP this year. Source
TransferWise sold $319mn worth of shares to early investors and employees that valued the fintech at $5bn; the company’s valuation...
Fintech solutions are helping to lower the barrier to entry for women in emerging markets and the tools are beginning...