Faisal Khan

85 Flips | 2 Magazines | 1 Like | 13 Following | 65 Followers | @faisalkhan999 | Banking, Payments & Fintech Consultant

BSP blames ‘derisking’ for fall in remittances

<b>Foreign banks’ fears triggered by anti-money laundering, terrorism concerns</b><br>THE derisking strategy of foreign banks is driving the cost of sending …

Episode 5: All About Payments & Remittances

In Episode 5, we’re joined by payments & remittances guru Faisal Khan.<p>Faisal is a banking and payments consultant providing advisory services to …

There’s a $500 billion remittance market, and Bitcoin startups want in on it

At just over six years old, Seoul-based KakaoTalk has more than 170 million registered users on its flagship chat app, and enjoys nearly 93% market penetration in South Korea. But when the $2.9 billion company made its first-ever overseas investment this spring, it was a surprising one: a 40% stake …

NACCIMA lauds CBN for money transfer licences - The Nation Nigeria

<b>T</b>he Nigerian Association of Chamber of Commerce Industry, Mines and Agriculture (NACCIMA) has lauded the Central Bank of Nigeria (CBN) for licensing …

Money transfer service starts operations in Cuba and Haiti

PARIS, France -- International remittances provider, Tempo Money Transfer, started its operations in Cuba and Haiti in alliance with 'More Money …

$21b Diaspora remittances: The odds against banks - The Nation Nigeria

<i>The failure of 22 commercial banks to comply with the Central Bank of Nigeria’s (CBN’s) directive to sell $50,000 weekly to Bureaux De Change (BDCs)</i> …

Stay or shift

<b>INSIGHT</b><p><b>The declining exports, home remittances and foreign direct investment (FDI) are making the struggling economy vulnerable; while the slow pace</b> …

Low remittances, surging imports hit rupee

Lahore - Falling remittances at the time of surging non-oil imports and continued depressed demand environment in the country could complicate …

ISLAMABAD <i>(updated on: September 02, 2010, 11:31 PST</i>): Relief efforts in flood-ravaged areas are being stretched by the ‘unprecedented scale’ of the …

Arabian Sea

The remittance conundrum: Why comparing is important

LAST year the Philippines received $28.5 billion as remittances its overseas citizens have sent home to their families or as their nest egg. It made …

Foreign remittances to Kosovo edge up 0.3% y/y in June

PRISTINA (Kosovo), August 31 (SeeNews) - Foreign remittances to Kosovo ticked up 0.33% year-on-year to 59.2 million euro ($65.9 million) in June, …

Central Banks

Breaking: CBN licenses new International Money Transfer Operators

A statement by the acting Director of Corporate Communications, Isaac Okorafor, said it is in furtherance of efforts to liberalise the Foreign …

Forex: CBN Licenses 11 New International Money Transfer Operators

The Central bank of Nigeria (CBN) on Tuesday announced that it had licensed 11 new international money transfer operators (IMTOs) to do business in …

From Money Transfer To Collection Network

The movement of money cross-border by Global Citizens is growing tremendously. What’s needed, Flywire CEO Mike Massaro tells Karen Webster isn’t a …

Tanzania: New System to Boost Revenue From Mobile Telephone Firms

Samsung Galaxy S7 Edge smartphone.<p>Dodoma — The government has plans to install a new system dubbed Telecommunications Revenues Assurance System …

Small World FS celebrates reaching 50m transaction milestone

The London-headquartered fintech business, 10 years old this year, has grown rapidly since its launch - with this year being the most successful so …

SWIFT reveals new cyber-attacks on its money transfer system

In a private letter to customers, SWIFT said there had been new cyber-theft attempts since June, some of them successful.<p><i>"Customers’ environments</i> …

WorldRemit commends restoration of money transfers to Nigeria

At the beginning of August 2016, hundreds of IMTOs suspended their operations, leaving the Nigerian diaspora to rely on Western Union, MoneyGram and …

Philippine Peso Completes Best Performance in Asia This Month

The Philippine peso posted the best performance among Asian currencies this month, supported by rising remittances and record-high foreign-exchange …

Political uncertainty hurdle for Pak economy!

Rail sweeper’s firm sent Rs 168 crore remittance to Singapore bank

| ABHISHEK SHARAN<p>s reported by this newspaper on Sunday, what started as a probe into Rs 168 crore worth of remittances sent to a Singapore bank …

TerraPay buys Pay2Global for European payments push

Ambar Sur, founder and CEO TerraPay<p>TerraPay, a mobile-first international network, has bought UK-based Pay2Global Limited to boost its ambitions for …

CBN grants licences to 11 money transfer operators

<b>Ifeanyi Onuba, Abuja</b><p>The Central Bank of Nigeria on Tuesday said it had approved the licences of eleven international money transfer operators to do …

Africa's biggest economy has crashed into recession

Gross domestic product shrank by 2.06% in the second quarter of 2016, following a 0.36% shrinking in the first quarter, according to data released by the country's National Bureau of Statistics on Wednesday.<p>Those two consecutive quarters of economic shrinkage mean the country is in its first …

Remittances no more? Saudi Arabia restricts amount of money migrant workers can send back home

RIYADH – The Saudi Labour Ministry has said it will introduce a program to boost its domestic economy by restricting expatriates from sending back …

Biased reporting: Indian media flayed

‘Because I can’: ride-hailing app welcomes Saudi women drivers<p>The Dubai-based ride-hailing app, along with global behemoth Uber, say they would begin …