All News and Announcements
IFC and National Bank of Samoa Partner to Expand Financial Inclusion
The National Bank of Samoa (nbs) is developing a suite of new banking products that would benefit women entrepreneurs and improve remittances in Samoa with the support of IFC and the New Zealand Government.
Mastercard and Equity Bank Join Forces to Enhance Cross Border Money Transfers in Kenya
Through Mastercard Cross-Border Services, Equity Bank customers will be able to send funds through any Equity Branch Location in Kenya.
EU and IFAD Launch New Initiative to Strengthen Financial Inclusion by Boosting Digital Remittances in Central Asia
This week IFAD launched the Platform for Remittances, Investment and Migrants’ Entrepreneurship (PRIME) Central Asia Initiative in Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan.
India Tops Global Remittances at $125 Billion in 2023: A Comprehensive Insight
The $125 billion influx signifies the unwavering commitment and support of the Indian diaspora to their families and communities.
Visa and Oxfam America to Explore Bringing Pre-Disaster Financial Support to the Philippines, Kenya, Colombia, and Puerto Rico
Visa recently teamed up with Oxfam America to serve as a payments partner in the Philippines, Columbia, Puerto Rico and Kenya.
Bancolombia and Terrapay Sign Contract to Strengthen Cross-Border Remittances Across Colombia
As part of their collective commitment to enhance financial inclusion, the two companies will enable seamless cross-border transfers, connecting Colombians living away from home with secure solutions to send funds to their loved ones in Colombia.
Fintech Purpl to Democratize Remittances, Support Financial Inclusion Efforts in Lebanon
In the first phase, Purpl will only operate their cash out solution, as a technology provider, via the partnerships signed with international digital remittance companies and licensed local cash out partners on the ground in Lebanon.
African Money Transfer App NALA Launches in European Union
The launch adds 19 new European nations to NALA’s list of send markets. The NALA EU expansion also revealed integrations with both Apple and Google Pay.
El Salvador Bitcoin Transfers Soar, but Still a Fraction of Dollar Remittances
Small transfers of bitcoin to El Salvador jumped over four-fold in May from a year ago but still represent a small amount when compared to remittances sent in dollars.
Kenya: Remittances to Kenya Resist COVID-19
The increase in remittances comes despite the impact of the pandemic on wages and employment across the world.