You Searched For "remittances" and got 20 results
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2 mins read
EXCLUSIVE: 84% of the ₹5,551.27 crore of the alleged illegal remittance by Xiaomi India were to the Qualcomm Group
The ED claimed that Xiaomi India had illegally remitted ₹5,551.27 crore in February 2022. The am…
2 mins read
El Salvador will give $30 in bitcoin to citizens who download the government's crypto app before the token becomes legal tender in September
President Nayib Bukele in a national address explained how bitcoin will work for the country's 6.5 …
Isabelle Lee
2 mins read
Income tax department updates Form 26AS, now includes mutual fund purchases, foreign remittances and more
India’s income tax department has updated the Form 26AS to include more information such as off-mar…
1 min read
El Salvador has installed its Chivo bitcoin ATMs across the US to make remittances cheaper for Salvadorans living abroad
There are Chivo ATMs located in Los Angeles, Dallas, Houston, and other cities in the US. El Salvad…
Carla Mozée
1 min read
SBM Bank India, Mastercard to facilitate cross border transactions, remittances
As banking evolves to become more personal, platform-agnostic and always-on – the Bank has been le…
PTI
1 min read
World Bank predicts "sharpest decline" of remittances due to COVID-19
Malpass said "the ongoing economic recession caused by COVID-19 is taking a severe toll on t…
1 min read
Migrant worker remittances to fall 20% amid virus: World Bank
Remittances are expected to plunge by about 20 percent globally this year, the biggest decline in r…
PTI
2 mins read
DCB Bank sees significant jump in foreign remittance services on coronavirus pandemic
"Since March 15, our volumes on outward remittance services have increased many fold. There is a si…
PTI
1 min read
India's forex reserves continue to grow hitting a record high of $454.49 billion
The forex kitty had risen by USD 2.342 billion in the previous reporting week to USD 453.422 bi…
PTI
2 mins read
The rupee's slump is driving inbound remittances to record highs — which, in turn, will help keep India's current account deficit in check
Amidst all the hue and cry, it might be easy to overlook that the rupee’s slump has also had a p…
2 mins read
The falling rupee isn’t bad news for everyone
And while one could say that exports would also benefit, most trade houses import as well as e…
2 mins read
Staring at a financial crisis, Pakistan's new PM Imran Khan asks overseas citizens for funds
Pakistan’s fiscal and trade deficits have skyrocketed as imports have far exceeded exports, ta…
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Here’s how the rupee’s nose-dive will affect you
While the rupee is expected to stabilise, the short-term impacts of its free-fall will be felt t…
3 mins read
Majority - a digital bank offering packages for prepaid cards, remittances, and international calling - is launching in the US
Legacy remittance player MoneyGram is also looking to offer cheaper cross-border money transfers. T…
Shannen Balogh
2 mins read
Indian migrants sent nearly $70bn back to the country in 2017, more than anyone else
Meanwhile, India’s neighbour China, which has 10 million migrants abroad, came in second place…
2 mins read
Indians are now sending more money abroad than ever before
The original limit was set at 25,000 dollars when the scheme was launched in 2004. This was l…
2 mins read
London-based fintech Azimo just raised $22 million in venture debt from the European Investment Bank to tackle the $700 billion remittances market
Importantly, the EIB's funding costs are about as low as they get meaning that Azimo's venture debt…
Callum Burroughs,Callum Burro…
1 min read
Decline in remittances for the first time worry Raghuram Rajan's advisers
For the first time since 2009, remittances declined by 2.1% to $68.9 billion. But, the decline poin…
3 mins read
The Battle For Control Of International Remittances Heats Up
REMITTANCE WARS - MONEYGRAM, WESTERN UNION VS. WAL-MART, FACEBOOK: MoneyGram and Western Union, gi…
John Heggestuen,Keith Griffith
3 mins read
The global remittance industry is huge, and digital-first startups are taking advantage
Three remittance companies - Western Union, MoneyGram and Ria - have dominated this market for year…