The Better Than Cash Alliance is a partnership of governments, companies, and international organizations that accelerates the transition from cash to digital payments in order to help achieve the Sustainable Development Goals.
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The World Bank expects people to send USD$581 billion in remittances in 2014, through a network of banks and money transfer operators (MTOs). This is an increase of 7.8% over 2013. …
Banks are closing MTO accounts as risks increase amid a shifting regulatory environment.
