Tag: Global
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India Remains the World’s Largest Remittance Destination as FY25 Inflows Reach $135.4B; Forex Reserves Set a New High
India continues to receive the largest remittance inflows globally. The Indian government’s Economic Survey 2025–26 reports that remittances reached $135.4 billion in FY25, maintaining India’s position as the world’s top destination for money sent…
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Remittance Apps Are Pushing “Send Now, Pay Later” — And MSBs Should Brace for the Blowback
SNPL is the remittance industry’s newest power tool: it drives volume, boosts retention, and turns a one-off transfer into an ongoing relationship. But it also changes the nature of the business.
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EU Economists to Brussels: Build a “Public-First” Digital Euro — or Lose Control of Payments
A group of 70 academics and policy experts has fired off an open letter to EU lawmakers warning that a watered-down digital euro could leave the continent stuck under the thumb of foreign payment…
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Money Orders Won’t Die — and One Mega-Temple’s “Divine Mail” Proves It
For money services businesses, Aseervachanam is a reminder that legacy payment rails don’t disappear just because faster tech exists. When a payment method is tied to ritual, trust, and a physical proof-of-connection, customers may…
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China’s Digital Yuan Is Gearing Up For A 2026 Global Sprint — but The Road Is Full of Potholes
After the People’s Bank of China’s (PBOC) Jan. 5–6 annual work conference, the central bank said it will “steadily develop the digital RMB” while accelerating work on cross-border yuan infrastructure — including fast-payment system…
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Canada vs. U.S. MSB Regulation: One Federal Register vs. a Federal-State Licensing Patchwork
The key difference is structural: Canada’s MSB framework is administered through a centralized federal supervisor (FINTRAC), while the U.S. model layers federal Bank Secrecy Act (BSA) obligations (FinCEN) on top of state-by-state money transmission…
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EU Council Sets Its Stance on the Digital Euro — Online, Offline, and “High Privacy”
On Friday, Dec. 19, the Council of the EU approved its negotiating mandate for legislation that would establish the legal framework for a potential digital euro — a central-bank-backed digital form of cash —…
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2025’s Big MSB Key Word: “Institutionalization”
A new industry article by Michael Mynn, the FedMSB’s chief advisor, says 2025 marked a turning point where the MSB ecosystem shifted into a tougher, more durable phase of “institutionalization” — with lawmakers, regulators…
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Mastercard Launches Open Finance Business Solutions for Australian SMEs
Mastercard is making a fresh play for Australia’s small-business market, launching Open Finance Business Solutions, a new suite of tools that uses real-time, permissioned data-sharing to help SMEs onboard faster, run “smarter” payments, automate…
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Visa, VNPT Money Flip The Switch On “Visa Pay” — QR Wallet Payments Go Live In Vietnam
Visa and VNPT Money are teaming up to push Vietnam’s cashless boom, launching Visa Pay inside the VNPT Money e-wallet — a move the companies say makes VNPT Money the first digital wallet in…