- November 29, 2023
Money transfer FinTech Paysend has raised $65 million in a new funding round.
The round, announced Wednesday (Nov. 29), follows Paysend’s recent partnership with Mastercard, which allows the company to enhance cross-border payments for small- to medium-sized businesses ...
- October 30, 2023
Paysend, a card-to-card and international payments platform, and Western Union, a provider of cross-border money movement and payment services, have partnered on cross-border money transfer services.
This collaboration aims to provide seamless ...
- October 30, 2023
The CE 100 Index lost 2.5%, as payment-related names led to the downside.
The Pay and be Paid segment was the worst performing sector, sliding 4.9% through the week.
And within that ...
- October 25, 2023
Western Union, a provider of cross-border money movement and payment services, has focused on digital conversion to enhance its services and improve customer experiences.
The company’s third-quarter results released Wednesday (Oct. ...
- September 12, 2023
Western Union and Elektra say users in Mexico can now receive money via chatbot.
The offering, the latest in a series of efforts by Western Union to expand its business in Mexico, lets users ...
- September 7, 2023
Western Union has launched a “concept store” in Jordan to support that country’s foreign-born workforce.
The new store, announced Thursday (Sept. 7), was developed in partnership with Al Sadat & Al Hindi Exchange and is the ...
- August 3, 2023
Could a central bank digital currency (CBDC) help America’s unbanked population?
It appears that way, according to a new report by the Digital Dollar Project (DDP).
The organization announced Thursday (Aug. 3) ...
- July 10, 2023
B2B FinTech Convera says it has completed its acquisition of Western Union Business Solutions (WUBS).
WUBS was acquired last year by Goldfinch Partners and The Baupost Group for $910 million and rebranded as Convera, a ...
- June 28, 2023
Fundacíon Dondé has rolled out Western Union remittance services at 332 branch offices across Mexico.
The nonprofit private assistance institution’s partnership with Western Union now enables Mexican families to receive up ...
- May 25, 2023
The global remittance market — where hundreds of billions of dollars flow across borders annually — is being reshaped by digital disruption.
Late last year, the World Bank estimated that remittances ...
- May 2, 2023
Western Union is seeing growth in the number of digital transactions.
During the quarter ended March 31, the firm recorded 7% growth in the number of digital transactions, the company said ...
- April 11, 2023
We’ve all done this dance.
You want to send money to another person — you have a Venmo account, but they don’t. They have a PayPal account, but you don’t. Your ...
- April 3, 2023
A partnership between global money transfer giant Western Union and Pan-African FinTech MFS Africa is looking to improve payment integration between Africa and the rest of the world.
The deal, which ...
- March 13, 2023
The CE 100 Stock Index lost 6.7% as Silicon Valley Bank collapsed during a dramatic week that raises questions about FinTechs and startup funding.
It remains unclear what the ripple effects ...
- March 5, 2023
Western Union has teamed with MFS Africa to allow mobile money transfers across the continent.
The partnership will allow Western Union users in 200 countries around the world to send funds ...
- March 1, 2023
Western Union has teamed with 7-Eleven to tap into Mexico’s $53 billion remittance market.
The money transfer service announced its partnership with 7-Eleven Mexico Wednesday (March 1), saying it will let ...
- February 24, 2023
Western Union and Beforepay have combined lending and remittances in a “send now, pay later” service.
This new offering brings together Western Union’s cross-border, cross-currency money movement service and Beforepay’s wage-advance ...
- February 22, 2023
Western Union has decided to continue its 12-year-old partnership with Regions Bank.
The two companies announced a five-year extension to their agreement Wednesday (Feb. 22), allowing consumers to use Western Union’s money transfer and bill ...
- February 7, 2023
Digital platforms are continuing to revolutionize the remittances market, and Western Union is taking notice.
The 172-year-old financial services company told investors during its fourth quarter earnings call Tuesday (Feb. 7) ...
- January 25, 2023
Western Union has appointed interim Chief Financial Officer Matt Cagwin as CFO.
Cagwin had served as the cross-border money transfer firm’s interim CFO since September and was named CFO effective Jan. ...
- January 18, 2023
For midmarket B2B firms, intelligent decision-making about how, and when, to move money is more challenging than ever.
Patrick Gauthier, CEO of B2B FinTech Convera, told Karen Webster that as companies ...
- December 21, 2022
Walmart Canada has integrated Western Union’s platform into Walmart.ca to offer customers money transfers.
In addition, the two companies have extended their relationship, letting customers use Western Union money transfer services in ...
- December 14, 2022
While digitization has transformed the global remittance market, it is far from a one-dimensional process.
After all, any money transfer service aiming for global coverage needs to be flexible enough to ...
- November 7, 2022
Friday’s rally, where the broader indices were up more than 1.1%, was not enough to salvage a rocky week, as earnings continue to dominate.
And within the Connected Economy’s pantheon, there ...
- October 27, 2022
Cross-border money transfer firm Western Union announced on Thursday (Oct. 27) its new partnership with payment platform NymCard.
With the new alliance, international money transfer services will have the opportunity to ...
- October 25, 2022
Western Union reportedly may be considering adding cryptocurrency-related products and services.
The firm has filed several trademark applications that are related to crypto, U.Today reported Tuesday (Oct. 25).
Its applications to the ...
- October 20, 2022
Despite expected third-quarter revenue declines and earnings guidance that falls short of Wall Street consensus, Western Union is delivering a financial outlook and strategy through 2025 that puts revenue trends ...
- October 19, 2022
In the Western Union’s preliminary third-quarter 2022 results, the company said it will see “macroeconomic softness” for the rest of the year, spurred by global politics and other factors.
Western Union ...
- September 12, 2022
Western Union will begin offering its digital wallet in Latin America in the first half 2023, beginning with a launch in Brazil enabled by the company’s acquisition of the country’s ...
- August 16, 2022
After 16 years with the company, Western Union Chief Financial Officer Raj Agrawal is stepping down from his position, the money transfer company announced Tuesday (Aug. 16).
According to a news ...
- August 11, 2022
Marqeta will begin a search for a new chief executive as it kicks off a growth phase, the founder and current CEO of the card issuing platform said Wednesday (Aug. ...
- August 9, 2022
Today in the connected economy, Twitter users who sign up for the Twitter Blue subscription plan could gain the ability to edit their tweets.
Also, Netflix is reportedly upping its efforts ...
- August 9, 2022
Western Union is expanding its integration with Visa’s real-time money movement network Visa Direct to enable Western Union customers in the U.S. to send funds in near real time to ...
- July 20, 2022
Western Union has upgraded it services for customers in Chile, allowing them to use both digital and physical channels for money transfers to more than 200 countries and territories, according to ...
- June 9, 2022
Today in the connected economy, Google makes a five-year, $1.2 billion commitment to Latin America that includes building the longest underwater cable in the world.
Also, Mastercard joins forces with a ...
- June 9, 2022
In today’s FinTech news, Factris is using its latest funding to bolster efforts to help smaller firms with cash flow problems due to late invoice payments. Plus, Apple is using ...
- June 9, 2022
In today’s top stories from Europe, the Middle East and Africa, Western Union teams up with cloud banking platform Mambu to provide digital banking products in Europe.
Also, ADQ launches a ...
- June 9, 2022
Cloud banking platform Mambu and global money transfer giant Western Union are collaborating to deliver digital banking products to Europe.
Western Union’s digital banking app WU+ was built on Mambu and ...
- June 7, 2022
In today’s FinTech news, Marqeta and Mastercard are working together to offer digital banking in Europe with funds paid to cards. Plus, the digital identification firm Prove Identity is stepping ...
- June 7, 2022
In one fell swoop, Western Union may become the biggest neobank of all — and its reach already touches roughly 150 million customers across 200 countries.
Europe may be ground zero ...
