The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project. South Korea’s Shinhan Bank has completed its ...
DENVER--(BUSINESS WIRE)--Person-to-person ("P2P") international transfers, or remittances, sent by global citizens to their homelands represent the largest foreign economic support structure for ...
SEOUL, South Korea, July 18, 2023 /PRNewswire/ -- Shinhan Bank (the first modern bank in Korea), SCB TechX (Siam Commercial Bank's technology innovation business unit), and the largest financial ...
With new players emerging in the world of payments and rapidly changing customer demands, the pressure is on to collaborate and develop faster, more efficient, innovative and transparent cross-border ...
The FINANCIAL — Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion. This is sharply lower than the 10.2% increase in ...
WASHINGTON, October 29, 2020 — As the COVID-19 pandemic and economic crisis continues to spread, the amount of money migrant workers send home is projected to decline 14 percent by 2021 compared to ...
SYDNEY, Feb 25 (Reuters) - The decision by Australia's major banks to quit the country's $35 billion a year remittance business is driving fund-transfers underground, a trend exposing the country as a ...
Remittance inflows from Egyptians working abroad rose 42.8 percent year on year in the first ten months of 2025, reaching $33.9 billion, up from $23.7 billion in the same period last year, the Central ...
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