All News and Announcements

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News

IGAD and UNCDF Announce Agreement to Formalize, Enhance Regional Remittance Flows

Technical assistance collaboration will review relevant policies and regulations, promote cross-border coordination to shift remittances into safer, more transparent formal channels.

News

Google Pay Enables Remittances, With Plans for Global Expansion

The app now allows users based in the United States to send money to GPay users in India and Singapore.

News

Fight Against India's COVID-19 Second Wave: UAE Firms Waive Charges on Remittances

Money transfer companies in the UAE are trying to contribute in their own way to fight the COVID-19 pandemic situation in India by waiving charges to funds being transferred to India’s PM Cares Fund and Kerala Chief Minister’s Distress Relief Fund

News

Central Bank of Kenya Releases New Data on the Importance of Remittances

Remittances in March 2021 amounted to $290.8 million, compared to $228.8 million in March 2020, an increase of 27.1 percent.

News

MoneyGram Advances Mobile Wallet Capabilities with Five-Year Extension to Ooredoo Qatar Partnership

Renewal enables MoneyGram and Ooredoo customers to continue to send money in near real-time to family and friends through Ooredoo Money Wallet.

News

High Cost, Waiting Time Associated With Remittances Big Concern Among Malaysians, Survey Shows

These findings were from a survey to better understand how the COVID-19 pandemic has affected the remittance habits of those living in Malaysia.

News

Mexicans in U.S. Sent Record Remittances Despite Covid-19 Pandemic

Unexpected surge in amounts forwarded home shows resilience in U.S. construction and agriculture.

News

Remittances From Moroccan Diaspora Reached $7 Billion in November 2020

Morocco’s Foreign Exchange Office has announced that remittances from the Moroccan diaspora continue despite the COVID-19 pandemic.

News

World Bank Flags Pandemic Risks for Bangladesh’s Exports, Remittances

The World Bank has warned that the weaker-than-expected growth elsewhere in the world due to the pandemic may undermine the recovery in Bangladesh and other countries in South Asia.

News

Central Bank of Myanmar Issues Remittance Licenses to More Local Companies

City Express Myanmar and Money King were granted remittance licenses on 5 January.