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70 results for "remittances"
A Kenyan fintech startup has created a tool that helps banks recognize money from relatives abroad as income, opening up loans to millions of families previously shut out of credit. The innovation could transform over $5 billion in annual remittances from survival money into wealth-building opportunities.
WapiPay just became the first Kenyan fintech to launch in Jamaica, opening new pathways for billions in remittances flowing between Africa, Asia, and the Caribbean. The move could help millions of families access better financial services by treating money sent home as more than just spending cash.
Vietnam's largest city is steering overseas remittances away from traditional investments and into technology and innovation sectors. The strategic shift aims to fuel the metropolis's double-digit growth and cement its role as the nation's economic powerhouse.
Migration experts are pushing Ghana to transform how it uses remittances sent home by citizens abroad. With structured investment systems and government trust-building, billions in yearly transfers could fuel sustainable development instead of just covering daily expenses.
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Ghana is building a bridge between $8 billion in annual remittances and national development by creating secure investment channels for its diaspora. The initiative could transform how money flows home while funding infrastructure and delivering returns to overseas Ghanaians.
Money sent home to Mexico by workers abroad hit an all-time high in March 2026, signaling hope after a challenging year. The $5.39 billion sent in one month represents real recovery for millions of families.
Ghana is helping diaspora communities channel money sent home into businesses that create jobs and fuel lasting economic growth. With inflation down to 5.4% and major reforms underway, the country is becoming a magnet for investment from Ghanaians living abroad.
Ghana is creating a bold new plan to transform the $7.8 billion sent home by its diaspora each year into businesses, jobs, and long-term growth instead of just household expenses. With 1.7 million Ghanaians living abroad, the nation is building tools to channel these funds into entrepreneurship and national development.
Africa's United Bank for Africa just launched a platform that lets Africans living anywhere in the world invest, bank, and build wealth back home. The move transforms $100 billion in annual remittances into structured investments that fuel Africa's growth.
Ghana is transforming how it uses money sent home by citizens living abroad, shifting from short-term spending to long-term investments that fuel national development. The country received $7.8 billion in remittances in 2025, exceeding all foreign direct investment.
A Kenyan payments company just made it cheaper for millions to send money across continents. WapiPay secured a Canadian licence to expand its global network making remittances faster and more affordable.
Egypt's tourism industry surged to $10.2 billion in the first half of 2025, marking a 17% jump that signals growing confidence in the nation's recovery. Combined with record remittances from Egyptians abroad, the numbers reveal an economy finding its footing.
Revolut just launched full banking in Mexico with zero-fee remittances between the U.S. and Mexico, potentially saving families $3 billion annually. The digital bank aims to bring 20 million unbanked Mexicans into the financial system while slashing transfer costs that have taken billions from working families.
A fintech serving African diaspora communities just cracked the top 15 on Africa's most prestigious growth ranking. While currency crashes hurt competitors, Africhange's unique focus on cross-border remittances powered them past major banks.
Foreign workers in Japan sent home a record $7 billion last year to support their families, more than double what they sent a decade ago. The milestone reflects Japan's growing reliance on international workers and the deep family bonds that span continents.
Ghanaians living abroad sent home a record-breaking $7.8 billion in 2025, making the diaspora the country's most reliable development partner. The money flows directly into families, education, businesses, and housing without bureaucracy or conditions.
A new app is helping African immigrants in the UK and Canada send money home in under two minutes, with real human support available 24/7. YouSend uses cutting-edge technology to make transfers faster and more reliable than traditional services that stall on weekends and holidays.
Egyptians working overseas sent home a record $35 billion in nine months, a 32% jump that's helping stabilize their country's economy. The surge shows growing trust in Egypt's banking system and digital money transfer options.
A blockchain company is tackling the high costs and delays in sending money to Nigeria by replacing pre-funded accounts with real-time matching. The solution could save fintechs millions tied up in idle currency reserves.
International migrants sent home a record $685 billion to low and middle-income countries last year, more than all foreign aid and investment combined. A new global report shows migration is driving economies forward, but warns closing safe pathways pushes people into danger.
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