Tag: Remittance
Int’l Money Transfer Firms Stop Forex Remittance Payments, Opt For Naira
Following the directive of the Central Bank of Nigeria (CBN) barring international money transfer operators (IMTOs) from paying Nigerians in foreign [...]
SBP expands reward scheme for formal remittance channels to shore up forex
KARACHI: The central bank announced a new category in its loyalty program for overseas workers who send money home, as it se [...]
Kenya’s central bank limits daily forex sales by money remittance firms By Investing.com
Investing.com
Published Sep 15, 2023 13:10
The Central Bank of Kenya (CBK) has impose [...]
SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines
Japanese financial holding company SBI Group has announced that its international remittance services arm SBI Remit has partnered with Ripple and SBI [...]
Digital Dollar Project completes CBDC retail remittance pilot with Western Union
The Digital Dollar Project (DDP) announced the completion of a pilot study of remittance payments to the Philippines using a simulated retail central [...]
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
South Korea’s Shinhan Bank has completed its second proof-of-concept using stablecoins for international remittances. Siam Commercial Bank’s SCB TechX [...]
Forex dealers, tour package sellers to collect remittance undertakings
The government on Friday said foreign exchange dealers and sellers of overseas tour packages will have to take an "undertaking" from their customers [...]
Credit card expenditure in forex to come under RBI's remittance scheme – Business Standard
Credit card expenditure in forex to come under RBI's remittance scheme Business Standard
www.business-standard.com [...]
Crypto Service Send Globally Revolutionizes Remittance Market – Crypto Projects to Watch 2023
“You send money that you see as dollars from the United States, and it’s received on the other side. They receive it in their local currency, either i [...]
Crypto could eliminate 97% of traditional remittance fees: Coinbase
A recent blog post from cryptocurrency exchange Coinbase indicates the vast majority of U.S. remittance fees for international transfers wouldn’t appl [...]
Remittance inflows is one of our highest foreign exchange earners
Remittance inflows from our sportsmen and women contracted abroad is one of our highest foreign exchange earners with remittances between $30m and $60 [...]
CBI Lodges 3 Cases On Illegal FOREX Remittance; Recovers Rs 94.37L
New Delhi: The Central Bureau of Investigation (CBI) on Friday registered three separate cases against unknown officials of multi-state co-operative [...]
CBI lodges 3 cases on illegal FOREX remittance; recovers Rs 94.37L
CBI lodges 3 cases on illegal FOREX remittance; recovers Rs 94.37L | News Room Odisha
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PayPal Xoom adds cross-border remittance on debit card deposit
Financial technology firm PayPal's international money transfer service called Xoom has announced a new product that lets users in the United States s [...]
Al Ansari Exchange honoured with Best Remittance and Foreign Exchange Company recognition at MEA Finance Awards 2022
Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, was recognised as the Best Remittance and Foreign Exchange Co [...]