Remittances are payments sent from one person to another, usually from one country to another. Remittances are non-commercial, so no goods are being traded.

Carrie Brandon Elliot reviews questions and action plans generated by the January 1 effective date of a 1 percent tax on remittances from the U.S. to foreign recipients.

Remittances are important because the act of sending money by migrant workers to their families and other individuals is typically spent in full on gross domestic products in their home countries.

There is huge room for disruption in a money transfer industry where fees are often as high as 6%.

You hold your customers longer when you offer smooth transfers. A white-label solution gives your users an easy interface. Your customers track transfers in real time, and they enjoy transparent ...

Starting July 4, 2025, the United States will begin charging a 1% tax on money sent abroad by anyone who is not a US citizen. This includes Indian nationals living in the US on H-1B work visas, Green ...

The Asia-Pacific digital remittance market has experienced significant growth in recent years, driven by the increasing adoption of digital payment solutions, the rising number of expatriates, and the ...

Allied Market Research published a report, titled, "Remittance Market by Remittance Channel (Banks, Money Transfer Operator, and Others), End User (Business and Personal) and Application (Consumption, ...

In August 2025, Indians sent $319.17 million abroad for ‘studies abroad’, compared to $416.39 million sent in August 2024, an annual fall of 23.3%.

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Mastercard Move to enable transfers to over 150 countries from the UAE. Here is what the new partnership means for users.