Latest news from the remittance industry
CompareRemit On Boards MoneyGram, A Global Leader In Cross-border Payments
CompareRemit, a leading online marketplace for cross-border payments on boards MoneyGram, a global leader in the industry. This partnership is at a strategic juncture as the payments ecosystem undergoes rapid digitalization.MoneyGram reported 106% year-over-year digital transaction growth in June of 2020 as demand for digital remittance continues to grow during the pandemic.
Bangladesh Forex Reserves Touch Record High Numbers
CompareRemit, the world's biggest online marketplace for cross-border money transfer service providers on boards XE Money Transfer. Bangladesh's foreign exchange reserves reached a record high of $37 billion in the month of June as the Central Bank data shows in the current fiscal 2020-21. Credit goes to the Aid from partner countries, the surging inflow of remittance and a drop in imports.
MoneyGram Reports A 207% Growth In Its July Year-Over-Year Cross-Border Transaction
Reporting a stunning 207% growth in July, MoneyGram International, a global leader in cross-border P2P payments and money transfers, has shown a year-over-year July digital transaction growth of 124% and digital revenue growth of 109%. Its direct to consumer channel, digital partnerships and mobile wallets are credited for this impressive year-on-year growth.