Sentence examples for remittance service from inspiring English sources

The market for digital money transfer globally is valued at an estimated $5 trillion to $10tn, according to data from Taavet Hinrikus, co-founder of remittance service TransferWise.

The idea is to tap into the more than $250 billion a year that immigrants and migrant workers send to relatives and friends back home.Britain's Vodafone and America's Citigroup are also launching an international money-transfer service developed from the M-PESA remittance service which is already operating successfully within Kenya.

In February, Smart Communications launched Smart Remit, a low-cost remittance service using the mobile phone as a financial service platform.

Tech In Asia also lists five more bitcoin Indonesian startups challenging the status quo, including Bitspark, which uses bitcoin as a remittance service.

"By launching a low-cost remittance service Pockit is saving our customers money and providing a service that suits their lives.

But Venezuela's government is intervening, recently launching a remittance service that caps the amount of crypto-currency someone inside the country can receive.

The remittance services sector has been choked in the UK, as well.

Britain's government has set up a website where rival remittance services can be compared.

More bank accounts, meanwhile, help individuals take advantage of newer, lower-cost remittance services.

Thirty-three of the 48 American banks that offer international remittance services are in the mid-west, and America's bank regulators are encouraging the efforts.

Through remittance services, banks also hoped to draw these immigrants -- more than half of whom do not have bank accounts -- into the formal financial sector.