Remove tag foreign remittances
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Euronet Prepares To Battle For MoneyGram

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Euronet Chief Executive Officer Michael Brown penned a letter to Treasury Secretary Steven Mnuchin on Monday (March 27), explaining that whoever takes over the global money remittance company would be requested to help authorities combat money laundering and terrorism financially by complying with often confidential data requests.

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A Closer Look At Ripple’s Money-Saving Claims

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The most obvious is foreign exchange, the cost to sell and buy another currency. The Price Tag. And while other currencies, like USD and EUR, have also served as intermediary currencies, Ripple explained that not every bank has enough capital to pool their liquidity in these currencies. Cost-Saving Opportunities .

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Musical Chairs For Payments Mergers?

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The politics may be enough to make Ant think twice, while the price tag, thrice. The other big player in the remittance space, of course, is Western Union. Another foreign “wrinkle” ties in with remittances to Mexico, which has also been targeted by some Trump administration saber rattling.