Remittance

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THE PESO may strengthen this week amid the seasonal inflows of remittances due to the upcoming holiday season, which could support the currency. The local unit finished trading at P58.55…

LOCAL STOCKS closed higher on Monday following the release of data showing remittances rose in August and on continued bargain hunting. The benchmark Philippine Stock Exchange index (PSEi)…

At least five local banks including and are in talks with Singapore’s DBS Bank to begin a real-time remittance system with the city-state using the ubiquitous Unified Payments Interface…

Several non-resident Indians (NRIs) moving money out of the country are having a run-in with the banks. The use of limited liability partnership (LLP) vehicles by NRIs to repatriate funds…

Remittance inflows from the Gulf region declined in FY21 compared to FY17, whereas remittance inflows from countries such as the U.S., the U.K., and Singapore, with a higher share of…

Amid yawning current account deficit (CAD) -- the difference between inflow and outflow of foreign currency, Pakistan received lower remittances in May. This will lead to fresh concerns for…

MoneyGram is making it possible for users to send USDCs stablecoin and the receiver can cash them out in fiat currencies. Steller blockchain has been partnered to facilitate these…

A collection of US dollar bills with Euro banknotes are seen displayed in this photo illustration. — DINENDRA HARIA / SOPA IMAGES/SIPA USA VIA REUTERS CASH REMITTANCES from…

Indian arms of companies from France, Netherlands would now not be eligible for low tax rate of 5% while remitting dividends to their overseas parents. India’s apex direct taxes body…