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Beacon Remit Revolutionizes Money Transfers for Indian Immigrants in Canada with Streamlined App Solution: Getting money out of India is quite difficult. It involves long wait times, expensive fees, and complex regulatory requirements. With an influx of new permanent residents to Canada over the next several years, many of them from India, this system needs a serious reboot. The solution: Beacon Remit.  Beacon Remit, part of the Beacon Super […] The post Beacon Remit Revolutionizes Money Transfers for Indian Immigrants in Canada with Streamlined App Solution appeared first on Fintech.ca. --- Beacon Remit Revolutionizes Money Transfers for Indian Immigrants in Canada with Streamlined App Solution was first posted on September 10, 2024 at 3:00 am. ©2022 "Fintech.ca". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at rob@kitsilano.ca

++ Flutterwave Expands Send App to #Malawi, Facilitating Seamless International Remittances ++ Flutterwave has announced the addition of Malawi to its growing list of countries supported by its Send App for international money transfers. With this expansion, users in the UK, US, and Canada can now send money directly to their loved ones in Malawi. The development follows Flutterwave’s successful acquisition of a license to process international remittances, marking an important milestone in the company’s mission to connect families and loved ones across the globe. With over 200,000 Malawians living abroad, where family ties are deeply cherished, the Send App was designed to provide a reliable, fast, and cost-effective solution for connecting with home. By focusing on the needs of the Malawian diaspora, Flutterwave aims to enhance the experience of sending money back to loved ones, making it more meaningful and hassle-free. #techafricanews #africa #malawi #international #remittances #milestone #diaspora #connections #abroad

According to a survey by payments major Wise, roughly 73% of Filipinos still use traditional platforms for transferring money internationally. Additionally, only 21% of respondents said they understand hidden fees like inflated exchange rates. With this, the company has decided to launch its Wise Account and prepaid card in the Philippines. With these services, users can receive foreign payments for free, hold money in over 40 currencies, move money to a local bank account or supported digital wallets, and spend overseas in more than 160 countries. Users can manage transactions via Wise’s website or mobile app. Through these products, Wise aims to cater to different user groups such as freelancers, international students, travelers, and relatives of overseas workers. Wise Philippines is led by country manager Areson Cuevas. Prior to joining the payments firm, Cuevas was COO at MarCoPay, a FinTech service catered to Filipino seafarers. Source: https://lnkd.in/eZEUeM6Y Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #fintech #banking #payments #crossborderpayments #paytech #wise #apac #financialtechnology #financialservices #fintechnews

South Perth-based Bless Payments is a new global money transfer app that’s making it cheaper, faster and easier for migrants to send money to their friends and family overseas. Since it was launched last December, the Bless Payments app has been downloaded more than 1,500 times across Australia, with over $200,000 sent to 23 countries. Founded by Affy Bhatti and Mo (Mohamed) Zaatar, the company is tapping into a growing industry, with more than $US647 billion sent to low- and middle-income countries worldwide in 2022, up by 8 per cent since 2021, according to the World Bank. On average, migrants send home between $US200 and $US300 every one or two months, according to the International Fund for Agricultural Development, with 200 million migrant workers sending money home every year. And with one in three Western Australians having been born overseas, the team at Bless Payments believes there’s a growing local need for its offering. Read the full article in my recent Business News Innovation column: https://lnkd.in/gzmwRBiG #differentleaders #innovation #tech #dei #fintech #tech #australia

Dear International Students, Sending money home just got easier with PayPenny! ✨ Enjoy fee-free transfers and highest conversion rates with our money transfer app. Say goodbye to charges and hello to convenience! 💸 #Paypennyapp #MoneyTransfer #NoFees #internationalbusiness #internationalstudent #immigrants #canada #uk #europe

In an era where financial inclusion is paramount, Filipina entrepreneur Rebecca Kersch is leading the charge with a mobile remittance app that's breaking barriers between the Philippines and the US.🚀💼 Discover how TANGGapp is setting a new standard for international money transfers. Full insights and the inspiring journey behind this innovation in this latest report by Angie Quadra-Balibay. #TANGGapp #InnovationInFinance #Filipino #Remittance #mobileapp #fintech https://lnkd.in/gyRHBn7s

Send App by Flutterwave Launches Affordable Cross-Border Payment Services into Malawi Read more: https://lnkd.in/drrFR6Ex #SendApp #Flutterwave #CrossBorderPayments #MalawiFinance #FintechInnovation #AffordablePayments #FinancialInclusion #DigitalFinance #finance #fintech #FinancialIT

Remittances are transactions between individuals and serve as a critical financial support for numerous families across the globe. In countries with low to middle income, they have seen an estimated growth of 3.8% in the previous year, reaching an impressive $669 billion in 2023. Visa's Money Travels: 2024 Digital Remittances Adoption Report survey examines the current progress and hurdles in the field. Check it out below

PayCruiser users can engage with the worldwide economy in ways never done before. They can securely send money anywhere, get paid anytime, and manage funds from everywhere across various platforms, including debit cards, mobile numbers, digital wallets, bank accounts, and even cash. Imagine a super 'Zelle-like' app that lets you send money and receive payments worldwide, even if the other party lacks a bank account or card. That's how PayCruiser redefines Financial Inclusion. We believe that financial inclusion is a human right, and we are committed to making it a reality for everyone. Consider the world of possibilities this opens up: a farmer in Tanzania can now sell his products to businesses in Europe; a talented designer in Conakry can now receive payments directly on her Facebook page from international clients; a tourist in Casamance can now pay for his hotel room despite lacking mobile money or the hotel's ability to accept credit cards; a 98-year-old grandmother in Koundara no longer needs to endure days-long journeys to collect her pension in cash; and a Gen Z college student in Dakar can now sign up for Netflix without a credit card. PayCruiser now makes all this possible. #BankingTheUnbanked #GlobalEconomyForAll #PayCruiserRevolution #NoBankNoProblem #FinanceForAll #DigitalInclusion #CrossBorderPayments #EmpowerWithPayCruiser #FinancialFreedom #OneWorldOneWallet https://hubs.ly/Q02GkTTQ0

It is so frustrating to see how people who live in the diaspora aka Global North can send money to any African country with money transfer apps but we living in the African continent cannot use these apps to send money to other African countries. 😤 For instance, Western Union has an app for online transfers...but it's not available in Africa! I have to go to a physical location while everyone else abroad enjoys the convenience. This needs to change! I need African fintech entrepreneurs, to create apps for us to send money across the continent!  The narrative can't just be about the diaspora sending money in. Heck! We need to be able to send money to our loved ones too and to fellow Africans who now work remotely across the continent. We should be able to send money in Africa as easily as everyone else can send money to Africa. #FixTheSystem #AfricaFintech ✊