Pakistani remittances increase nearly 4%

According to the State Bank of Pakistan (SBP), remittances from foreign workers increased to $14.606bn over the past nine months of the current fiscal year. This represents a 3.55% rate of growth. In March, transfer inflows hit $1.772bn, up from $1.694bn from the same month last year.
By Daniel Webber | | US | See more in News

Alternative payment solutions offer more consumer choice

While cards, cash and traditional banking remain the most popular ways to send and receive money, make purchases and transfer funds, there's no denying the growing popularity of ecommerce, fintech and electronic payments. These alternative solutions offer consumers a simple, effective way to send money abroad for less.
By Daniel Webber | | US | See more in News

Ripple makes massive $29m donation to teachers

This week, DonorsChoose.org announced a huge donation from blockchain and money transfer facilitator Ripple that fully funded every active request on the nonprofit's site. The $29m donation from Ripple is the largest single gift in DonorsChoose.org history.
By Daniel Webber | | US | See more in News

BBVA partners with fintech on global banking platform

Fintech newcomer Denizen has received backing from Spanish bank BBVA in an effort to streamline and simplify global payments for customers. Denizen says it has succeeded where others have failed, creating an international payments platform that lets users receive money in one country and immediately pay it in another, thereby avoiding transfer and currency exchange fees.
By Daniel Webber | | US | See more in News

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