Sentence examples for remittance networks from inspiring English sources

Remittance networks function and survive because they're based on trust; trust within a family, between relatives, among neighbours.

But you might imagine how this could evolve over time, where remittances sent from family members abroad via Western Union — a very common use of remittance networks — might immediately get redeemed to cover purchases on Amazon.

Many immigrants are dissatisfied not only with the reliability and speed of the present informal remittance networks, but also with the exorbitant fees they charge: 6% to 15% of the remitted amount for the transaction, plus a hefty exchange rate margin of 3% to 5%.

Information and remittance networks have provided the money for Ethiopians to travel, but regional instabilities in destination countries like Libya, Yemen, and Syria have bottlenecked the migrants into Somaliland and Puntland's urban centers, For those who get stuck en route, the pressure mounts to offer labor on the cheap and work the most miserable jobs ditch digging, toilet cleaning, etc.

Bloom Solutions is also developing BloomNet, a domestic remittance network that will ease financial transactions for unbanked Filipinos.

"We are about to make bitcoin much more available by upgrading the world's existing kiosk and ATM infrastructure into a globally interconnected bitcoin cash exchange and remittance network," Robocoin CEO Jordan Kelley told TechCrunch.

Voyager offers a range of digital services which include a prepaid wallet, digital payment option for retails, a remittance network for sending money, a digital lending service and a loyalty and rewards program.

The business was started by telecom operator PLDT, and it operates as its fintech arm, with services that include a prepaid wallet, digital payment option for retails, a remittance network for sending money, a digital lending service and a loyalty and rewards program.

News this month sees Forte, a provider of blockchain-based platform technology for the games industry and Xpring, a developer ecosystem initiative from remittance network technology company Ripple, now come together to form a US$100 million fund to support game developers.

The business was started by telecom operator PLDT, and it operates as its fintech arm, with services that include a prepaid wallet, digital payment option for retails, a remittance network for sending money, a digital lending service and a loyalty and rewards program.

Fonkoze has the deepest reach into Haiti's rural poor and already has built a remittance network that would take years to create from scratch.