#international remittance News

UAE Bank Deploys RippleNet For Bangladesh Remittance Corridor

May 12, 2020 by Osato Avan-Nomayo at Altcoins

United Arab Emirates-based commercial bank RAKBank has partnered with Asia, a major bank in Bangladesh to facilitate cross-border remittance transactions. Ripple’s digital payment solution RippleNet will be utilized for the initiative. Banks Expand Cross-border Remittance with DLT According to a press release, the UAE’s 9th largest bank has partnered with...

PayPal Set to Challenge Blockchain-Based Payments with Xoom

July 17, 2019 by Ogwu Osaemezu Emmanuel at Finance

PayPal, the global payments giant, has announced that its Xoom payments and remittance solution will soon go live in the United Kingdom and 31 markets across the world, reports PYMNTS on July 15, 2019. PayPal Extends Xoom's Reach In a bid to remain relevant in a world where cryptocurrency and...

Ripple Facilitates Payment Remittances From India to Saudi Arabia

May 22, 2019 by Ashwath Balakrishnan at Adoption, Altcoins, Blockchain, Finance, News, Ripple

Indian commercial bank IndusInd has tied up with Saudi Arabian British Bank (SABB) through their partnership with Ripple. The payment remittance corridor between the two countries is powered through xRapid and xCurrent, as both banks adopted both networks, as revealed by Ripple, May 20, 2019. Further Headway in India After...

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Across the Border: Blockchain in Cross-Border Payments

May 15, 2019 by Tokoni Uti at Blockchain, Finance, News

Even as blockchain is being widely used in cross-border payments, we look at the potential for widespread adoption, as well as the progress made thus far. An Offering for the World There is a lot of speculation that surrounds the future of blockchain and how it will be used in...

Pakistan Embraces Blockchain Technology; International Remittance Service Launched

January 10, 2019 by Aisshwarya Tiwari at Blockchain, Business, Finance, News

According to a press release published on January 8, 2019, Pakistan’s telecommunications company Telenor, in association with Valyou, has successfully launched a blockchain-enabled cross-border remittance service. Notably, the service is powered by distributed ledger technology (DLT) developed by Alipay. Rapid and Secure International Remittance Service for Pakistanis in Malaysia On...