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Remittances Newsletter
  • Trump 2.0 brings back remittance threats 05 Feb 2025 20:18 GMT

    … money transfer fintech Wise said last week.Β  About $480 million in remittances … two-way currency route, Wise said. Remittance volume for … hidden fees when sending money internationally in 2024, … border stablecoin fintech Cedar Money raises $10M Stablecoin …

  • MMBL Money Transfer expands to Jaffna with dedicated branch 05 Feb 2025 20:05 GMT

    … newly opened Jaffna office MMBL Money Transfer (Pvt) Ltd announced the … world-class financial solutions, making money transfers seamless and stress-free … an efficient and customer-friendly remittance experience while enhancing accessibility for …

  • CFPB fines Wise $2.5M over remittance violations 05 Feb 2025 19:53 GMT

    … million over alleged β€œillegal remittance practices,” including advertising … refund remittance fees in the required timeframe after money customers … other competitors in the remittances market,” former CFPB … seen by NPR, CFPB employees were directed not to …

  • Money Transfer Agencies Market on Track to Achieve $65.87 Trillion Valuation by 2032, Driven by 16.2% Growth 05 Feb 2025 18:49 GMT

    … where remittances represent a substantial use of money transfer … A06935 𝐌𝐨𝐧𝐞𝐲 π“π«πšπ§π¬πŸπžπ« π€π πžπ§πœπ’πžπ¬ 𝐌𝐚𝐫𝐀𝐞𝐭 π‘πžπ©π¨π«π­ 𝐇𝐒𝐠𝐑π₯𝐒𝐠𝐑𝐭𝐬 π€π¬π©πžπœπ­π¬ πƒπžπ­πšπ’π₯𝐬 𝐁𝐲 π’πžπ«π―π’πœπž π“π²π©πž Money Transfer Currency Exchange 𝐁𝐲 𝐄𝐧𝐝 π”π¬πžπ« Individual Business 𝐁𝐲 π‘πžπ π’π¨π§ North America …

  • Now Money scoops up GCC's unbanked workers 05 Feb 2025 14:03 GMT

    … Money was founded in 2016 in Dubai to provide smartphone-based remittance … and banking services to hitherto unbanked expatriate workers with … and their low-income employees. In addition to the … of Covid 19 on remittance flows and his ambitions …

  • Al Fardan Exchange, Visa launch real-time global remittance service 05 Feb 2025 12:33 GMT

    … the beneficiary, providing an unparalleled remittance experience. Al Fardan Exchange … international remittances from UAE.” Visa’s recent Money Travels: 2024 Digital Remittances … more money abroad, indicating a positive outlook for future remittances from …

  • UAE to halt hiring of unskilled Pakistani workers, ambassador says 05 Feb 2025 10:58 GMT

    … that demand for unskilled workers is declining, while opportunities … stressed that equipping Pakistani workers with in-demand skills … earnings. He noted that salaries for skilled professionals in … further noted that remittances from Pakistani workers in the UAE …

  • Nepal Embassy in Muscat launches first-ever labour permit legalisation for workers in Oman 05 Feb 2025 08:53 GMT

    Muscat – Nepali workers currently employed in Oman without a labour … process, workers must create a profile through the Foreign Employment Information Management … the social security fund, sending remittances through legal channels, and respecting …

  • Digital Remittance Market ($83.6 Bn) Transforming Economies with 16.3% CAGR Growth Through 2032 05 Feb 2025 08:32 GMT

    … . πƒπ’π π’π­πšπ₯ π‘πžπ¦π’π­π­πšπ§πœπž 𝐌𝐚𝐫𝐀𝐞𝐭 𝐊𝐞𝐲 π’πžπ π¦πžπ§π­π¬: 𝐁𝐲 π“π²π©πž: Inward Digital Remittance Outward Digital Remittance 𝐁𝐲 𝐄𝐧𝐝 π”π¬πžπ«: Business Personal 𝐁𝐲 π‚π‘πšπ§π§πžπ₯: Banks Money Transfer Operators Others …

  • Lower EPF contribution for foreign workers reduces overall wage expenditure 05 Feb 2025 07:31 GMT

    … Employees Provident Fund (EPF) contribution rate for foreign workers … may also add to remittance outflow when funds are … on low-skilled foreign workers might discourage industries from … of foreign workers’ rights and adequate employer-provided amenities …

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