remittances

Block-Owned TBD and Chipper Cash Partner on Cross-Border Payments in Africa
Block-Owned TBD and Chipper Cash Partner on Cross-Border Payments in Africa
May 15, 2024  |  Cross-border Payments

Block-owned TBD and African FinTech Chipper Cash partnered to facilitate B2C and B2B cross-border payments across 40 African countries. Chipper Cash has integrated with TBD’s open messaging protocol, tbDEX, to...

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Pomelo and Thunes Partner on International Money Transfer Solution
Pomelo and Thunes Partner on International Money Transfer Solution
May 09, 2024  |  Partnerships

Pomelo and Thunes have partnered on an international money transfer solution from the United States to the Philippines. This credit-based digital wallet solution provides a...

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Pomelo Officially Launches Product Combining Credit and International Money Transfer
Pomelo Officially Launches Product Combining Credit and International Money Transfer
April 22, 2024  |  Cross-border Payments

Pomelo has announced its official launch after several months of private beta. The company is launching with $70 million in seed financing that includes $20 million...

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Revolut Invests $100 Million in Mexico as Remittances Jump
Revolut Invests $100 Million in Mexico as Remittances Jump
April 18, 2024  |  Digital Banking

Revolut has reportedly made a $100 million-plus bet on Mexico’s remittance market. Speaking with Reuters Wednesday (April 17), Revolut Mexico CEO Juan Miguel Guerra said...

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Mastercard Realigns Organizational Structure, Adds ‘Data and AI’ Group
Mastercard Realigns Organizational Structure, Adds ‘Data and AI’ Group
April 09, 2024  |  Mastercard

Mastercard realigned its organizational structure to support its strategic priorities and position itself for “the next era of growth.” The realignment centers on three teams: Core...

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Alipay Launches ‘Consumer Friendly Zones’ in China
Alipay Launches ‘Consumer Friendly Zones’ in China
April 08, 2024  |  Retail

Alipay has launched a series of “International Consumer Friendly Zones” in China. The company’s owner, owned by China’s Ant Group, announced Monday (April 8) it...

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As Visa+ Comes to PayPal and Venmo, Interoperable Cross-Border Payments Gain Ground 
As Visa+ Comes to PayPal and Venmo, Interoperable Cross-Border Payments Gain Ground 
April 02, 2024  |  Cross-border Payments

Interoperability in payments — paying anyone, anywhere, no matter the network — remains a Holy Grail in payments. And interoperability is a work in progress....

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CFPB Warns Remittance Transfer Providers About Making False Claims
CFPB Warns Remittance Transfer Providers About Making False Claims
March 27, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has issued a circular warning remittance transfer providers about making false claims regarding the cost and speed of international...

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Mastercard’s Partnership With Alipay Connects Digital Wallets to Cross-Border Payments
Mastercard’s Partnership With Alipay Connects Digital Wallets to Cross-Border Payments
March 25, 2024  |  Cross-border Payments

Alan Marquard, head of transfer solutions at Mastercard, told PYMNTS that remittances are ripe for continued transformation — to digital channels, and to digital wallets,...

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