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Remittances Newsletter
  • CA turns positive on remittances 19 Jul 2025 03:41 GMT

    … from rising imports and weaker remittance inflows. The turnaround was … growth in workers' remittances and a modest rise in … robust inflow of workers' remittances, which surged to $38. … strong inflow of workers' remittances, reaching $38.3 billion …

  • UPI-PayNow remittance link expands to 19 banks, boosts India-Singapore digital transfers 19 Jul 2025 02:38 GMT

    … convenience of cross-border remittances between India and Singapore. … Indian banks supporting inward remittances through the UPI- … reach of real-time remittances and supporting greater financial … friendly solution for frequent remittances. Published On Jul 19 …

  • Mexicans in US can avoid remittance tax with government Finabien cards, Sheinbaum says 19 Jul 2025 02:02 GMT

    … United States avoid the new remittance tax. Sheinbaum recommended the new … transferred using authorized institutions. Additionally, remittances can be made more economically … in the United States. Sending remittances only requires a destination and …

  • FIRS, OAGF partner to tackle glitch in VAT, stamp duty remittances 18 Jul 2025 20:45 GMT

    … -General General to ensure seamless remittance of Value Added Tax and … in withholding tax deductions, VAT remittances, and stamp duty administration from … hindering optimal tax collection and remittances,” he said.  

  • Trump’s Remittance Tax Will Boost U.S. Coffers, Cost India Billions 18 Jul 2025 19:19 GMT

    … ripple effects. For many households, remittances fund essentials such as education … consumption and currency stability. The remittance tax has undergone several revisions … the earlier, narrower proposal. If remittance behaviors remain unchanged, the government …

  • UAE: Al Ansari Exchange Offers Customers Up To Dh60 Cashback After Remittance Delay 18 Jul 2025 19:02 GMT

    … impacted by the recent remittance delays have received cashback … UAE's largest remittance and foreign exchange company, … Khaleej Times that the remittance delays experienced on July … on customers' next remittance transaction,” the company added. …

  • Dollar shortage worsens despite record remittances and surplus 18 Jul 2025 07:18 GMT

    Despite record-high remittances and a current account surplus, …

  • Remittances to Uzbekistan jump 27% to $8.2bn in 1H25   18 Jul 2025 06:12 GMT

    … 78% of all incoming remittances, or approximately $6.4bn … attributed the rise in remittances to several factors: stronger … more developed economies. Notably, remittances from the UK doubled … migration to wealthier countries. Remittances remain a vital part …

  • Bangladesh receives $1421m remittance in 16 days of July 18 Jul 2025 04:15 GMT

    Bangladesh receives $1421m remittance in 16 days of July … sent around US$1421 million remittances during the first 16 days … amount reflects a daily average remittance of $88.21 million sent … year, the country's remittance inflow was US$1319 million …

  • United States: OBBBA Introduces New Excise Tax on Remittance Transfers 18 Jul 2025 02:03 GMT

    … at the time of the remittance transfer. Remittance transfer providers are then … or stablecoins.  Exceptions for certain remittance transfers Section 4475 specifically excepts … foreign exchange service providers and remittance businesses, and certain retailers …

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