Remittances

Mobile money apps have proven to be a major force in building financial services in emerging economies, but under the hood they can be starkly different.

U.S. corporations with heavy international payments traffic between buyers and suppliers are looking for ways to use financial technology to streamline processes.

The collaboration is part of an effort to reach a broader range of agents and global markets with digital cross-border transfers.

Money transfer operators have an incentive to inform banks and regulators about the quality of their compliance programs.

As a candidate, President Donald Trump proposed either halting or taxing remittances to Mexico to push the Mexican government to pay for a border wall along the southern border of the U.S.

President-elect Trump faces legal questions over his idea to hold remittances ransom to fund a wall in Mexico, but the industry should take the threat seriously.