Consumers in the developed world tend to think of their financial systems as complex, particularly as compared to the developing world. And while that is not an entirely incorrect perception, it might just be a little bit skewed. When it comes time to pay in...
Despite being worth over half-a-trillion dollars annually, remittances are an oddly invisible part of the payments ecosystem to most people — even those who otherwise know it quite well. We all might know that money may make the world go around, but what makes money...
Concerns over human and drug trafficking have led some big banks to make an extreme move in an attempt to avoid illegal money that is flowing over the border (or, more accurately, crawling under the border in dozens of long underground tunnels) and ending up...
For financial inclusion efforts to be effective, MasterCard CEO Ajay Banga said last week at Mobile World Congress that it will involve private and public partnerships. Last week (March 5), MasterCard took that commitment one step further through its partnership with Microsoft that aims to...
Last month, PayPal found itself with a new competitor in Latin American mobile wallet startup Yepex. Now, Yellow Pepper, the company that started that mobile wallet, got some extra funding that could heat up the competition even more. YellowPepper recently received $19 million in a Series C funding,...
TransferWise has snagged a big pile of investment dollars in a round led by one of the Facebook’s earliest backers, Andreessen Horowitz. The UK-based P2P money transfer startup and Facebook have reportedly been in talks that would see TransferWise provide remittance services for the social networking...
Global payments firm peerTransfer announces today (January 13) that it closed a major funding round and hit a key profitability milestone. peerTransfer is an efficient, cost effective and transparent alternative to the existing friction-laden international funds transfer services, including bank wire. peerTransfer’s global payments platform...
Walmart’s big-box stores in Mexico are suffering from flat sales, but at the global retail giant’s mini-grocer format, called Bodega Aurrera Express, sales are now growing at 12 percent a year, according to The Wall Street Journal. Bodega Aurrera Express stores look like oversized versions...
America’s greatest musical treasure Elvis Presley once sang that what he needed was “a little less conversation, a little more action,” a motto that the team at Mozido seems to have taken to heart. In a year-ending surprise, the Austin-based cloud platform mobile payments and...
