Displaying items by tag: Remittances

Cross-border, cross-currency money movement and payments provider Western Union has announced the expansion of its 17-year relationship with Australia Post, with the launch of Western Union digital money transfers, enabling customers to send money worldwide, 24/7, via auspost.com.au.

Global digital money transfer transaction volumes will reach 2 billion by 2024, up from 1.1 billion in 2019, according to a new report.

Australian-listed blockchain-based software solutions company DigitalX has inked an agreement with AT&T Mexican subsidiary, AT&T Comunicaciones Digitales, to facilitate remittances and transfers between AT&T users in the US and Mexico.

With this figure rising to "4% of total international remittance by value", international remittances, including airtime top-ups via mobile phones, "will exceed $25 billion by 2018, up 67% from an estimated $15 billion in 2015".