Many expats have been sending money as part of their preparation to return home due to joblessness abroad.

Moody’s said the fall in remittances could further widen the current account deficit of the Philippines and other countries.

Investment of $15 million bolsters funding base for important economic pillars.

Global Islamic Banking and Finance learning series is launched by AlHuda CIBE.

A global drop in remittances by migrant workers due to the coronavirus-induced recession will raise credit risk in countries most dependent on such inflows.

The accelerated adoption of digital has changed the way members will utilize credit unions and evaluate credit union services.

Global Fintech Festival brought together representatives of banking, financial technology and investment industries from across the globe to host impactful dialogues, public discussions and a curated exhibition of the latest disruptive technologies.

Experts have called for the restructuring of loan facilities in Nigeria, to alleviate the adverse effects of some government policies on women.

TradeCore’s aim is to handle and accelerate the back-end processes and technological integrations, such as regulation compliance, so the emerging fintech can focus on growing its business.

This tie up highlights Western Union’s efforts to strengthen presence in the Philippines, which has been recognized as the fourth-largest remittance recipient country in 2019 according to the World Bank.