Blogs

Remittances matter

Uncategorized   |   August 30, 2023

Remittances matter and have a significant impact on economies around the world. Despite global headwinds, remittances to low- and middle-income countries (LMICs) grew 5% in 2022 from the previous year. The World Bank Migration and Development Brief reports that this growth is sharply lower than the 10.2% increase seen in 2021; however, it still represents a substantial boost for recipient economies. Digital transactions contribute an estimated $148.08 billion to 2023 […]

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Business

Crosspay Secures the UK Retail Money Transfer Business From iFast Global Bank.

From June 1st, 2022, UK based global fintech payment platform, Crosspay, secures the UK retail money transfer business from iFast Global Bank.   Crosspay, a multi-utility cross-border digital payment solutions provider, is now entering the retail sphere. Crosspay’s founders are well established in the elite money transfer world, having previously pioneered several money transfer solutions that are now widely utilized in the industry. Crosspay group has secured the UK Retail […]

June 3, 2022

Business Finance

Open Banking could be the next big frontier in the financial industry

The financial industry contributed  £119 billion in 2017 to the UK economy; standing at 6.5% of the total economic output. The numbers might look modest, but it has a significant impact on the economy of the nation as a whole. Online banking and similar services are growing at an increasing scale and offering tailored financial services to their customers. Such services have a huge share in the British financial market […]

May 26, 2020
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