The global remittance market is a big business. In 2016, remitters sent nearly $600 billion in cross-border payments to help support family members living in their home countries or to settle transactions with business partners. Money transfer companies allow people to send cross-border...
Well, well, well. Ripple, the company behind the controversial XRP cryptocurrency which has been criticized for obfuscating the nature of its partnerships with financial organizations, has announced a tie-up with global payment network MoneyGram. MoneyGram, which saw a $1.2 billion acquisition...
The Central Bank of Nigeria, CBN, has blocked hundreds of firms for money transfers to Nigeria from other countries in the world.
Only three companies – Western Union, MoneyGram and Ria – will be able to continue operations, following an extreme and unexpected move by the Central Bank of...
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