Global Remittances news and trends

Global Remittances May Fall By $109B In 2020
Cross-border Payments // August 03, 2020

If it takes a year to contain the COVID-19 pandemic and reopen economies, global payments could fall by as much as $108.6 billion this year, according to Asian Development Bank (ADB) economists. Get the Full Story Complete the form to unlock this article and enjoy...

The Xoom-Ria Deal Shows Cash Still Rules Remittances
Cash // August 29, 2018

In a way, the deal seems old school. PayPal-owned money transfer operator Xoom said this week that its new agreement with Euronet Worldwide’s Ria will enable Xoom customers to pick up cash remittances from more than 150,000 Ria network locations. Get the Full Story Complete...

How To Live Forever In The Financial Services Space
Innovation // August 10, 2017

Slow and steady doesn’t win the financial services race. If you’re not ahead, you’re behind, especially if you’re playing on the global stage. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

BillMo’s Value Proposition To Disrupt Money Transfers
Mobile // May 04, 2017

With a $500 billion market opportunity and the proliferation of mobile devices among unbanked or underbanked consumers globally, the money transfer space is primed and ready for disruption. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Interviews & Exclusives
How To Live Forever In The Financial Services Space

August 10, 2017
Slow and steady doesn’t win the financial services race. If you’re not ahead, you’re behind, especially if you’re playing on the global stage. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. […]

Changing The Remittance Business Model

March 07, 2017
Traditional remittance services tend to focus solely on the sender — onboarding as many senders as possible and charging fees on the money sent to drive revenue. But BillMo is...

How MoneyGram Used Digital Enablement To Power Growth

January 02, 2017
The money transfer market isn’t what it used to be. As consumers have become more comfortable with digital in their everyday lives, that expectation has shifted to the service of...

Quick Reads
Report: Wise Implements Regulator’s Recommendations to Bolster AML Programs

November 29, 2024
FinTech Wise reportedly has implemented a European regulator’s recommendations to bolster its anti-money laundering (AML) programs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive […]

Global Remittances May Fall By $109B In 2020

August 03, 2020
If it takes a year to contain the COVID-19 pandemic and reopen economies, global payments could fall by as much as $108.6 billion this year, according to Asian Development Bank...

Western Union, Xoom Headed To Cuba

March 22, 2016
Western Union announced its plans to launch remittance services from across the world into Cuba on Monday (March 21), closely following the U.S. regulatory and policy changes that now allow...

Western Union Under Watch As EU Eyes Money Transfer Market

February 24, 2016
Western Union is being questioned by the European Union’s antitrust regulators in relation to allegations that it conspired with banks to push its rivals out of the money-transfer market. Get the...