On 22 May 2020, Facebook introduced Novi — the new name and brand for the digital wallet that will help people send and hold Libra digital currencies. "While we’ve changed our name from Calibra, we haven’t changed our long-term commitment to helping people around the world...
In the midst of the crisis, Valyou in Malaysia launched an e-KYC mobile app to enable on boarding of clients digitally. To ensure rigorous due diligence, Valyou relied on a certified vendor approved by the Central Bank of Malaysia to build in the required technology....
MTN Group announced details of its R250 million relief package in response to the COVID-19 pandemic, focusing on employees, customers, vulnerable groups, contributions to the South African Government’s Solidarity Fund and participating in industry interventions. For example, MTN Zambia recognised the urgent need to go cashless...
Hello Paisa developed a free app, malaicha.com, that allows people to choose through a catalogue goods and groceries and send them to Zimbabwe, where their loved ones can collect them at different collection points’...
TransferWise promotes the disclosure of total transaction costs. The total cost (fees plus the currency conversion charge) of making a cross-border payment from one account to another is clearly shown in the sender’s currency. "COVID-19 is stretching budgets and putting more financial pressure on people, including...
As governments implement COVID-19 curfews and restrictions on movement to ensure safety of residents, selected Western Union Agents deliver money to receivers at their homes....
The International Association of Money Transfer Network (IAMTN) initiated a survey aimed at highlighting the issues and risks posed by the current COVID-19 crisis on migrants and remittances, and assisting public and private sector stakeholders in addressing these. 77 CEOs and Senior Executives across 30 countries...
Covid 19 has made one thing clear: Post Offices are more important than ever. Not only as the heart of the community, but also as a place where people can send and receive essential remittances. Eurogiro has proudly supported Postal Operators for almost 30 years. We...
By eliminating forms, codes, agents, and other fees - typically associated with the international money transfer process – Remitly, a Seattle based company, experienced a customer growth up to 100% from February to March, and a 40% growth in transaction volume, as the COVID-19 accelerate...
At the end of March, Maybank announced that it was offering complimentary remittance services for Malaysians working and living in Singapore who had been impacted by the Malaysia's Movement Control Order (MCO). All Maybank and non-Maybank Malaysian customers could visit any Maybank branch to remit funds...
