Saema Somalya

Nov 22, 2024 | americanbanker.com | Saema Somalya |Matt Cameron

As we conclude another election season, deeply divided on many issues, one thing we should all agree on is the significant benefits of remittances to American economic, national security and foreign policy goals.

May 11, 2024 | morningstar.com | Saema Somalya |Matt Cameron

By Saema Somalya and Matt Cameron Other countries give nonbank payments providers direct access to their nation's financial system In this age of digital transformation, people around the world are benefitting from technologies that can increase the accessibility, affordability and reliability of financial services.

May 9, 2024 | marketwatch.com | Saema Somalya |Matt Cameron

In this age of digital transformation, people around the world are benefitting from technologies that can increase the accessibility, affordability and reliability of financial services. Nowhere is this more true than in the remittance industry — this $860 billion category of global payments surpasses the size of foreign direct investment and development aid, and is commonly a critical lifeline for friends and family receiving such payments.

May 9, 2024 | marketwatch.com | Matt Cameron |Saema Somalya

In this age of digital transformation, people around the world are benefitting from technologies that can increase the accessibility, affordability and reliability of financial services. Nowhere is this more true than in the remittance industry — this $860 billion category of global payments surpasses the size of foreign direct investment and development aid, and is commonly a critical lifeline for friends and family receiving such payments.

Oct 26, 2023 | americanbanker.com | Matt Cameron |Saema Somalya

According to the World Bank, total global remittances to low- and middle-income countries will reach $656 billion in 2023. This category of financial support exceeds foreign direct investment and development assistance grants in scale, and serves as a critical lifeline for millions of people around the world who are most in need. The U.S. is the largest source of remittance payments, with roughly $80 billion being sent by individuals to friends and loved ones abroad.