Blog Archives

Infographic Remittance Flow (Sending & Receiving)

Probably one of the best infographics we have ever seen regarding remittances. This is the work of designer Roxanna Torre on Visual.ly. Click on image to view the interactive graph or click here.

Tagged with: , , , , , , ,
Posted in Blog

World’s Fifth Payment Network PayPal

On a potentially historic day for the network, PayPal announced a massive slate of new payments partners, including fifteen retailers, four “mid-market” software providers, and, most notably, two of the world’s three largest point-of-sale terminal manufacturers. Perhaps the most transformative

Tagged with: , , ,
Posted in Blog

Facebook joining Money Transfer Businesses in Russia

According to Russia’s RBC Daily, Facebook is planning to launch a new service in Russia for payment of services, as well as a system of money transfers between users. According to sources close to negotiations, partners, social networks can be “Bank24.ru”

Tagged with: , , , ,
Posted in Blog

Alipay to tempt West’s credit cards into China

Unbeknownst to many, Alipay is huge in China and is slowly expanding outwards. It will truly rival Paypal in the years to come, by first capturing on some untapped markets (IMHO). It will be interesting to see how Paypal will

Tagged with: , , , ,
Posted in Blog

How will money transferring between countries look in five years?

A Question as recently asked on Quora, and we thought we would best share our answer: This is an excellent question and there are many companies who believe they are shaping this answer (predominantly, SWIFT, Visa, Mastercard, WesternUnion, PayPal, and

Tagged with: , , , , , , , , , , , , , ,
Posted in Blog

What is Remittance?

Remittance by its strict definition is a payment for purchasing goods or services transferred to someone who is far away (at a distance). However, in the traditional sense when we talk about money remittance, it takes a whole new meaning.

Tagged with: , , , ,
Posted in Blog
Remittance

Missing out an online payment solution for remittances for your bank? IBFS specializes in workers remittance solution that are white labeled for your financial institution.

Partner with us

If you are a payment solutions provider / processor, chances are we have a client for you. Partnering with IBFS has its benefits and access to markets otherwise hard to reach.

Credit Card Processing

If you are not accepting payments online, you are missing out. IBFS specializes in providing online credit card processing facilities for clients worldwide.

Market Size

Did you know that the world remittance market size would be US$ 404 Billion by the year 2013. Learn how we can rollout a bespoke workers remittance solution for your bank.