Aiming to increase speed, cost effectiveness, and openness, KBank, South Koreas internet-only lender, has joined forces with Ripple to test blockchain-based cross-border remittances. Using Ripples ...

KBank announced a collaboration with Ripple to test cross-border remittances, a development relevant to XRP price predictions ...

Cash-funded outbound transfers face a 1% remittance tax under IRC §4475. Who pays, exemptions for cards/bank transfers and ...

The new excise tax under the One Big Beautiful Bill Act will impose new costs on remittances sent by immigrant workers to ...

Guidance is now available from the Internal Revenue Service for deposit penalty relief for the first three quarters of 2026 to remittance transfer providers. Processing Content Notice 2025-55 provides ...

Do you effect transfers of funds for US residents to recipients abroad? If so, you should review the provision of the “One Big Beautiful Bill Act” (“OBBBA”) that imposes a new excise tax on ...

Many decades ago, Amir landed his first job working in a gleaming Singapore high-rise. He was making more money than before, but a long way from home and his family. He was thankful to be able to send ...

The digital remittance market offers opportunities through tech integration, regulatory changes, and shifting consumer needs, driven by AI, blockchain, and partnerships. Providers must focus on ...

Malawi’s deepening foreign exchange crisis is driving remittances away from formal channels, as widening forex premiums have ...

Bangladesh's migrant workers sent home Tk 1,101.8 crore in remittances through mobile financial service (MFS) providers in August, marking the highest monthly receipts through digital channels in the ...

Bangladeshi nationals living abroad sent more money home in the twelve months to March this year compared with the same period a year earlier. But many chose to avoid Shariah-based banks—once key ...