Remittances
Remittances are the means by which international currency payments are made. The range from inter-bank transfers via large-scale services like Western Union to tiny informal systems including hawala.
Remittances make up significant parts of the national economy in many parts of the developing world.
Remittances: Philippines sees continued growth in money sent home by offshore workers
The Philippines Central Bank, Bangko Sentral ng Pilipinas, says that is has seen continued growth in remittances from Filipino workers overseas as the effects of the global financial crisis are factored out - but in March, the rate of growth was slower than in February.
Remittances: Travelex links with universities
Students needing fast replenishment of their budgets - and payment of tuition and hall fees - at many universities around the world can use a dedicated service from Travelex designed to make sure they are not stranded.
Remittances: Recent FinCEN enforcement actions
FinCEN has been taking action against Money Services Businesses which conducted business having failed to register as required.
Remittances: China's SAFE fines banks in remittances cases
A report says that nine banks have been fined in China for "illegal foreign exchange transactions."
Payment Systems - remittances: rapid growth in recorded transfers to Philippines
The Philippines central bank, Bangco Sentral ng Pilipinas, says that "Remittances from overseas Filipinos (OFs) coursed through banks rose to US$ 1,600 million in July 2010, posting a year-on-year growth of 8.2 percent." But that's what they know about.
Payment systems: Saudi-Phillipines transfer service announced
Yesterday marked the opening of the first Tahweel Al Rajhi remittance centre catering especially to the Filipino expatriate community.