Remittances
1 articleRegular cross-border funds sent by migrants or diaspora communities to families and other household recipients define the Remittances category. Coverage examines costs, recipient value, formal and informal channels, cash pickup, digital delivery, corridor conditions, access and user protection. Its social and household focus distinguishes remittances from general international transfers, commercial invoices, supplier payments and other corporate settlement activity.
Félix Raises $200 Million to Expand AI-Driven Remittance Services
Félix, a US-based cross-border payment platform, has secured $200 million in new funding to develop AI-powered financial services for the Latino diaspora, with plans to expand into lending, savings, and new Latin American markets