Tag archive
MoneyGram has launched a Visa-powered stablecoin debit card, following rival Western Union into blockchain-based remittance payments.
Australia's financial intelligence agency has pulled 45 registrations from crypto and remittance operators over twelve months, signalling a sharp tightening of compliance standards.
Miami-based remittance startup Felix Pago has raised $200 million to expand into lending and savings, targeting Latin American immigrants across the U.S.
Western Union has won New York regulatory approval for its ~$500M acquisition of Intermex, but a California regulatory hurdle now threatens to delay the deal's completion.
A Bank of Italy research paper concludes stablecoin remittances hold no consistent cost advantage, with fiat conversion and infrastructure — not blockchain fees — driving most differences.
Western Union's Q2 2026 results disappointed as falling migration dented Americas retail revenue, while a delayed Intermex acquisition deferred key synergies.
LemFi is migrating its cross-border settlement onto BVNK's regulated stablecoin infrastructure, targeting near-instant transfers and lower costs for its two million users.
BPI, one of the Philippines' oldest banks, is preparing a stablecoin settlement pilot aimed at making overseas payments faster and cheaper for Filipino remote workers.
LemFi is adopting BVNK's regulated stablecoin infrastructure to deliver near-instant, lower-cost cross-border settlement for its two million users.
Remitly Global secures an SVF license and Exchange Business Category IV authorization from the CBUAE, placing it among the first international remittance firms with dual credentials in the UAE.
Ava Labs and Hyundai Motor Group are building a stablecoin remittance layer on Avalanche, targeting faster, cheaper global corporate treasury settlements.
Hyundai Card expands its stablecoin-powered remittance service to Europe following a successful US-Mexico pilot, targeting cost reduction in cross-border payments.