The future of remittances is digital
The remittance industry is being digitally remastered. A growing base of customers comfortable with using mobile devices, increasing competition from
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mobile remittances
Terra connects mobile remittances to digital wallets
Terra, which dubs itself as a mobile-first international network for low-value remittances, launched Terra Connect, an API suite to enable mobile wallet providers to offer what the company calls affordable, accessible international remittance products to maximize global reach.
Read morePayments via social media to drive mobile money transfer market to 13bn transactions this year
The number of mobile money transfers is expected to increase by nearly 150% in 2015.
A new report from Juniper Research has found that the number of mobile money transfers is expected to increase by nearly 150 per cent in 2015 to more than 13 billion, with several social media firms already seeing a dramatic rise in service usage.
WorldRemit eyes $100M funding round
UK firm WorldRemit, which enables remittances to be sent and received via mobile devices, is hoping for another blockbuster fundraising round, according to The Sunday Times.
Read moreMobile remittances to pass $10bn this year
International remittances via mobile phones will exceed $10bn for the first time this year, according to a new report from Juniper Research. However, the report – Mobile Money Transfer &
Remittances: Domestic & International Markets 2013-2018 – found that the cost and complexity of regulating cash transfer had led many service providers to focus exclusively on airtime topups.
Mobile remittances to pass $10bn this year
International remittances via mobile phones will exceed $10bn for the first time this year, according to a new report from Juniper Research. However, the report – Mobile Money Transfer &
Remittances: Domestic & International Markets 2013-2018 – found that the cost and complexity of regulating cash transfer had led many service providers to focus exclusively on airtime topups.
Mobile Remittances May Boost World’s CUs
A new partnership between the World Council of Credit Unions and Boom Financial, a Palo Alto, Calif.-based company that provides mobile banking and money transfer
Read moreLuup and Arab Link ink agreement on mobile remittances
Luup has signed a partnership agreement with Arab Link, a provider of money transfer and exchange services in Abu Dhabi, to launch real-time remittance corridors linking the United Arab Emirates (UAE) to countries including India, Bangladesh, Nepal, Pakistan, Philippines and Egypt.
Read moreThe Philippines is ripe for mobile remittances
Filipinos and mobile share a special relationship. With a mobile penetration of over 100 percent, almost everyone in the country has a mobile device.
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