Ā This week at PsiFi has been nothing short of transformative as we explored the groundbreaking shifts and innovations reshaping global payments. From promising partnerships to remarkable insights in the remittance space, hereās everything you need to know.
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We kicked off the week by emphasizing how the future of payments is about more than just speed and affordabilityāit's about empowerment. On December 18, we highlighted a compelling report by the Daily Star showing global remittance flows reaching record highs, like the $24 billion funneled into Bangladesh this year alone. This trend underscores the critical need for accessible, affordable solutions that let hardworking immigrants retain more of their earned money.
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At PsiFi, we're bringing the power of blockchain-stablecoin technology to bear on this issueāoffering instant, seamless, and cost-effective ways for families worldwide to send money across borders. Because when every dollar counts, financial connectivity becomes a lifeline.
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The conversation continued with a nod to Ant International's success in advancing inclusive fintech ecosystems. Their AI-powered cross-border payments and SME financing solutions reflect what weāre building with PsiFiāan app that transcends traditional banking restrictions to make sending money as simple as sending a text.
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This serves as a reminder: the global financial system is evolving at an unprecedented pace, and players like Ant Group only bolster our resolve to redefine accessibility and fairness. PsiFiās blockchain-backed, jargon-free app seeks to bring this revolution to every corridorāfrom the U.S.-to-Mexico remittance channel to underserved markets worldwide.
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Fast forward to December 20, when Phillip Bank announced a partnership with Visa to streamline remittances in Cambodia, introducing flat fees and technology-driven efficiencies. This innovation resonated with PsiFiās vision of making international money transfers truly hassle-free. Global giants are validating what weāve known all along: outdated, clunky systems have no place in modern finance.
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Just like Phillip Bank is reshaping Cambodiaās remittance landscape, PsiFi is laser-focused on empowering workers and families by dismantling the high fees, delays, and barriers that have plagued global payments for far too long.
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We rounded off with a thought-provoking question: Why isnāt sending money across borders as easy as texting? This question encapsulates our missionāturning aspirations into action. With blockchain and stablecoins as our foundation, geographical limitations and excessive fees can become relics of the past.
This week, we reaffirmed that inclusive, transparent financial systems are no longer just dreams but imminent realities. PsiFi stands at the forefront, driving the cross-border payment revolution with innovation centered on peopleānot processes.
As we close the year, itās clearer than ever that PsiFi isnāt just a payments app. Itās a movementābuilt to empower, inspire, and connect. Join us in creating a financially inclusive future where opportunities arenāt dictated by borders or bank accounts.
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š” Ready to experience the future of global payments? Sign up at get.psifi.app today to stay ahead of the curve. Get exclusive updates, early access to our game-changing platform, and a front-row seat to the financial revolution.