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International digital remittances to reach $525 billion by 2024

New data has found that international digital remittances will reach $525 billion by 2024, up from an estimated $332 in 2019. According to Juniper Research, the mobile channel will become... more

The post International digital remittances to reach $525 billion by 2024 appeared first on Payments Cards & Mobile.

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Blockchain, blockchain payments, cross border B2B payments, Daily News, Instant Payments, Issuing & Acquiring, real-time payment network, Remittance, Ripple, RippleNet -

AmEx partners with Ripple for blockchain-enabled cross-border B2B payments

American Express has announced the introduction of blockchain-enabled, cross-border B2B  payments. The American Express FX International Payments (FXIP) business is working with Ripple to make blockchain payments commercially available, reducing the time and cost of settlement, Santander UK is the selected partner to initiate this new transaction channel, which has the potential to expand substantially [...]

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