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.

This toolkit provides practical guidance for regulators and remittance service providers on how to assess national regulatory environments to identify opportunities for innovation in know your customer and customer due diligence processes to enhance remittance access.

Through Mastercard Cross-Border Services, Equity Bank customers will be able to send funds through any Equity Branch Location in Kenya.

This week IFAD launched  the Platform for Remittances, Investment and Migrants’ Entrepreneurship (PRIME) Central Asia Initiative in Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan.

The $125 billion influx signifies the unwavering commitment and support of the Indian diaspora to their families and communities.

Visa recently teamed up with Oxfam America to serve as a payments partner in the Philippines, Columbia, Puerto Rico and Kenya.

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.

This brief includes describes key developments in remittance flows and provides projections of remittance trends in 2023 in light of a slowing global economy, continued high inflation and increased interest rates, and Russia’s invasion of Ukraine and the conflict in Sudan.

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.

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.