The Consumer Financial Protection Bureau (CFPB) has recently unveiled a proposed rule aimed at refining disclosure ...

On December 22, 2022, the CFPB filed an administrative consent order against an International Remittance Company headquartered in Rochelle Park, New Jersey. The order alleges that from 2013 until ...

Studies relying on household data from different countries in SSA yield some insights into how remittances are used. At their core, remittances are private intrafamily or intracommunity income ...

Using technology, guaranteeing security, and supporting financial inclusion will help you establish confidence, strengthen your business, and keep ahead of industry developments. Accepting the need ...

Before 2004, fund transfer from India to other countries was under severe restrictions under FEMA. The RBI in 2004 introduced the Liberalised Remittance Scheme (LRS) to facilitate smooth foreign ...

As the situation in the country stabilizes, it is crucial that the government and financial institutions continue to enhance the banking channels available for remittance transfers. This not only ...

Data showed remittances have been growing at around 3 percent since late 2022, with the BSP projecting the growth of such transfers to settle at that level again in 2024 and 2025. That said ...

Cash remittances or money transfers through banks or formal channels stood at $3.085 billion in July, up 3.1% from $2.992 billion the same month last year, and higher than the $2.882 billion in June.

“Strike offers an opportunity for people to transfer their US dollars easily and instantly across borders.” The remittances service is initially enabling people in Nigeria, Kenya and Ghana to receive ...

After implementing the feature, the bank saw an additional 2000 customers utilize the mobile app for sending remittances. Further enhancements are in the works to add features such as transfer to ...

KAMPALA - Ecobank Uganda Limited has formed a strategic partnership with Ria Money Transfer, a renowned global leader in cross-border remittance services. In the press statement issued on Monday ...