Aspora, a fintech platform for the Indian diaspora, has introduced a new feature allowing non-resident Indians to pay bills directly in India. This service connects to the Bharat Bill Payment System, enabling users to handle utility bills and mobile recharges without high fees or delays. Currently available in the U.K., it will soon expand to the U.S. and UAE.

Félix, a remittance platform, is expanding its partnership with Mastercard to improve cross-border money transfers from the US to Latin America. This collaboration aims to modernize the remittance process for users in both regions.

This article compiles various Twitter threads discussing topics like the usability of USDC for remittances, the unsustainable model of the Bilt credit card, and the challenges of flying into Bhutan. It highlights financial trends and personal experiences in crypto and fintech, along with observations from a unique travel experience.

Revolut has applied for a banking license in Peru to expand its services in Latin America. The company aims to focus on remittances and compete with traditional banks, tapping into the $4.93 billion in personal remittances sent to Peru in 2024.

President Trump signed a budget bill that reduced a proposed 5% tax on international remittances to 1%, easing concerns among remittance service providers. While the new tax, effective next year, is still contentious, industry groups view it as a better alternative compared to the initial proposal, which would have imposed a heavier burden on consumers and businesses.

Aspora has secured $50 million in funding to develop remittance solutions specifically tailored for the Indian diaspora. The company aims to enhance the efficiency and accessibility of money transfers for Indians living abroad, addressing the challenges they face with existing services. The investment will be used to expand their technology and service offerings in this growing market.