Alviere Expands Cash-to-Cash Embedded Remittance Capabilities for Enterprise Clients [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
DENVER Nov. 19, 2024 /PRNewswire/ -- Alviere , the leading embedded finance platform provider, announces that its enterprise clients can now offer cash-to-cash cross-border remittance capabilities to their end customers with cash pickup in 100+ countries. As a licensed money transmitter throughout the U.S., Alviere is uniquely positioned to offer compliant remittance solutions embedded into existing apps for seamless customer experience. Now, transactions can originate in cash in addition to bank transfer, card, and digital wallet options. Supporting remittance from the U.S. to Mexico Colombia , and other countries in Latin America , beneficiaries can now pick up cash, a critical feature for cash-reliant and unbanked recipients. According to Mastercard , over 50% of global remittances are paid to unbanked or underbanked individuals in need of a cash payout option. With remittance flows to low- and middle-income countries (LMICs) reaching $656 billion last year ( World Bank ), there
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