What Are Cross-Border Bill Payments: Meaning, Definition, Example
International remittances have long served as the engine of sending and receiving funds to/from the family or loved ones living abroad. With international migrations increasing for studies and work, cross-border payments have become a norm. Leana…
How do exchange rates work and how do you choose the right rate providers?
Many businesses like yours are offering international remittance services in the market. But, to stand out, you need to offer more than just an international remittance service, you need to offer advanced features that can make cross border payments…
Understanding currency corridors: the invisible pathways of money transfer
International remittances are becoming a must in the world of globalization. Transaction values for international remittances grew to almost $29 billion in 2023. This stat proves the above statement. Adding to it, currency corridors are the pathway…
Leveraging advanced money transfer software solutions in the global remittance market
The global remittance market is expected to reach $ 913 billion by 2025! This stat by Statista signifies that the world has become a village with the power of technology as people migrate easily to earn and provide better lifestyles to their loved…
Role of transparency, speed, and security in cross-border payments
The cross border payments market is expected to reach $345.42 Billion by 2033! It means, the demand for cross-border payments will grow and traditional methods will fall short. And traditional method leads to transfer delays, high fees, and security…
Proven strategies to reduce remittance costs for providers and customers
Sending $200 internationally costs nearly 6.4% - twice the sustainable development goal target of 3%. This stat by the World Bank is enough for you to consider making your international remittance services more affordable. Why? Because that’s what…
Cross-border payments for small businesses: Opportunities and challenges
With that being said, the true engines of economic growth (small businesses) can also be the true engines of…
The Future of Cross-border Remittance: Innovation and Emerging Trends
The global cross border remittance market size will reach $ 345.42 billion by 2034! This growth statistic states significantly that the future of cross-border remittance is going to be splendid. The future carries many innovations, emerging trends…
Key features to gain international remittance success for banks
The global remittance flows for 2023 were around $860 billion! This stat suggests that remittance services are on the rise and so have a great potential to tap into, especially for banks. Why? Because every national or international transaction…