In today’s global economy, remittances play a crucial role, with over three-quarters of a trillion dollars being moved in personal remittances as of 2022. This article explores the significance of remittances, particularly in India, and delves into the various challenges faced in the remittance landscape, including high transaction costs, regulatory constraints, and technological barriers. Furthermore, it highlights the potential of
Colendi, a leading fintech company, has recently received regulatory approval to launch Turkey’s first digital deposit bank. This milestone achievement will allow Colendi to further enhance its existing services, which are already utilized by a remarkable 18 million people in the region. With its primary product being a decentralized credit scoring engine used by payment providers like PayCell, Colendi has
In a strategic partnership aimed at revolutionizing corporate expense management, FinTech disruptor Qashio has teamed up with global payments leader Mastercard. The alliance aims to introduce corporate credit cards endowed with virtual issuance capabilities throughout the MENA region. This groundbreaking collaboration is set to transform the way businesses handle their finances and contribute to the UAE government’s vision of a
In a significant alliance, Tenpo, the emerging digital banking entity in Chile, has joined forces with Dock, a leading B2B technology provider for payments and banking. The collaboration aims to integrate Dock’s advanced issuing and processing infrastructure for Tenpo’s newly unveiled credit cards. This strategic partnership comes as Tenpo seeks to challenge traditional banks and establish itself as a relevant
Since its introduction in 2013 as a fun and lighthearted digital currency, Dogecoin has captured the attention of many cryptocurrency enthusiasts. With its adorable Shiba Inu dog logo, Dogecoin quickly gained popularity among users who were drawn to its playful nature. In recent times, Dogecoin has surpassed all expectations, stunning skeptics and delighting its loyal supporters. The remarkable bullish run
The advent of digital payment platforms has revolutionized the way we conduct transactions, making payments more convenient and secure. However, challenges are now emerging for these platforms as they strive to attain profitability. This article examines the obstacles faced by e-wallet providers in Hong Kong, raises questions about their profitability, and discusses potential strategies to bridge the gap. Challenges faced
Digital payment pioneer Wirex has joined forces with Sumsub, a leading global verification platform, in a strategic partnership aimed at fortifying Wirex’s position in virtual asset compliance and transaction monitoring. With UK regulations set to take effect from September 1, 2023, the Financial Action Task Force (FAFT) has mandated that all virtual asset service providers (VASPs) adhere rigorously to anti-money
In today’s era of sustainability and resource conservation, remanufacturing has emerged as a crucial practice in several industries. Remanufactured products are those that undergo a rigorous process to meet the same specifications as the original product, utilizing a combination of reused, repaired, and new replacement parts. Maintaining the integrity of remanufactured products is vital for success in this industry, and
Modulus, a leading US-based developer of trading and surveillance technology, has recently unveiled its new white-label crowdfunding and private placement platforms for non-accredited investors. This release opens up exciting opportunities for operators to launch their investment platforms and expand the reach of grassroots investments. The Purpose of the Launch The primary goal of Modulus’s release is to empower operators to
People’s Bank, a trusted financial institution, has teamed up with Corserv, a leading provider of comprehensive banking solutions, to deliver an industry-leading credit card program. This strategic partnership aims to enhance People’s Bank’s offerings and provide its customers with cutting-edge credit card products that cater to their specific needs. Corserv’s Comprehensive Program Corserv’s robust and comprehensive program empowers People’s Bank
In today’s fast-paced business world, efficient payment methods for employee salaries are crucial. Traditional methods such as direct transfers or checks can be time-consuming and prone to errors. However, an alternative that is gaining popularity is the use of payroll credit cards. In this article, we will delve into the various advantages of using payroll credit cards for employee payments,
In a move geared towards enhancing its digital offerings in wealth management, Singapore’s Lumen Capital Investors has announced the addition of Marcel Lutz as a senior advisor and partner. This strategic appointment aims to capitalize on the growing potential of blockchain technology and the cryptocurrency sectors while reaffirming the firm’s commitment to providing premier wealth management services. Lutz’s Role and
