The Stablecoin Illusion: Why Stablecoins Don’t Actually Benefit Remittance Recipient Countries This article builds on Part 1, where we talk about the rise of stablecoins. Next in Part 3, we explore what they really are. Let’s set the record straight…
Discover the truth about compliance charges in international money transfers. This article exposes how companies use these fees to profit under the guise of added security and necessary checks, revealing the reality behind these costs.
In today's digital age, the capability for instant money transfers exists, yet their widespread implementation remains notably sluggish. This article explores the underlying reasons, revealing how financial interests, regulatory barriers, and the advent of disruptive technologies like blockchain are shaping the landscape. As fintech innovations continue to push the boundaries, traditional financial institutions are faced with a choice: evolve to meet consumer demands for real-time payments or risk obsolescence in a rapidly changing economic environment.
Unveiling the Impact of Currency Exchange Discrepancies Emerging economies often grapple with the challenges of currency exchange, especially in nations that impose restrictions on capital outflows and predominantly experience net inflows due to a current account deficit. This phenomenon is…
In the realm of financial literacy and FinTech innovations, it’s not uncommon to stumble upon content that ranges from the mundane to the truly insightful. Amidst my recent deep dive into the world of financial blogs—spanning financial institutions, FinTech startups,…
Unveiling the Top Ten Obstacles in Embracing Cryptocurrency for Global Remittances In the evolving landscape of global finance, money transfer operators (MTOs) are increasingly looking towards cryptocurrencies, especially stablecoins, as a means to revolutionize their services. However, the adoption of…
A common question posed to any operator is whether remittances are clean and free from money laundering. The truth is, despite claims to the contrary, it’s virtually impossible to ensure 100% clean remittances unless all transactions occur between accounts with…
A Card-to-Card Transfer Guide IntroductionIn an increasingly globalized world, the need for quick and reliable cross-border money transfers has never been more crucial. Visa Direct, a service by Visa, is revolutionizing the way people send money internationally. This article delves…
How MSBs are leveraging the power of USDC and Circle for cross-border payments to their counterparties. Cross border payments and settlements have been a crucial part of the global economy. However, traditional methods of transferring money across borders are often…
Determining the price for a product or a service is the penultimate question. The money-transfer industry is no different. At present, the remittance industry has more or less the following models for pricing: The combination of the above-mentioned three models…