US Bill To Add 37 Percent Fee On Remittances To Select Countries
New legislation filed by Republican Congressman Nathaniel Moran would place a 37 percent transaction fee …
CBDC Could Offer Potential Fix For Cross-Border Payments, Says MAS Chief
A top official at the Monetary Authority of Singapore (MAS) has said that central bank …
Three Remittance Firms In Trouble With UK Regulator
The UK finance watchdog has issued a statement of objections to three cross-border money transfer …
US Agency Goes After Non-Bank T&Cs
The US Consumer Financial Protection Bureau has issued a proposal to register non-banks whose contract …
Xiaomi Loses Appeal After India Freezes $683m In Illegal Remittance Probe
Xiaomi India, a subsidiary of a large Chinese phone brand, has lost an appeal against …
Payments Firms Rally To Support Ukraine With Cheaper Remittances
Fintechs and card schemes have signed a joint statement committing to providing the war torn …
Daily Dash: Wise Hit By $360,000 AML Fine In UAE
UAE authorities fine Wise for AML breach, Indian banks team up with Singapore’s DBS for …
Why Cross-Border Payments Still Have Not Been Solved
Complex regulatory requirements, legacy systems and a long priority list at many financial institutions have …
Daily Dash: India Consults On Payments Systems
India’s central bank has released a new discussion paper on payment fees, while a New …