Sections
money transfer
-
1.5KPartnerships / AcquisitionsMoneyGram And Sentbe Team On Cross-Border Payments
MoneyGram and Korean money transfer company Sentbe have signed a partnership to make Sentbe the first MoneyGram virtual agent in South Korea,...
-
2.5KPayment MethodsPayPal’s Xoom Goes Global And Door-to-Door
Xoom, PayPal’s international digital money transfer service, is launching in the U.K. and 31 countries, allowing millions of users to remit in...
-
2.0KPartnerships / AcquisitionsMoneyGram Partners With Canada Post For Digital Money Transfers
MoneyGram and Canada Post have teamed up for a digital money transfer service that allows users to complete transactions at select Canada...
-
2.5KB2B PaymentsNewly Funded B2B Startups Tap The Power Of Data
This week’s B2B Venture Capital roundup is all about data. With a total of $388 million raised this week, newly funded startups...
-
4.9KVISAVisa, Western Union Team To Speed Global Payments
Today (June 5), Visa and Western Union struck a strategic agreement to move money between consumers focused on expedited remittances. Bill Sheley,...
-
3.2KPayment MethodsWestern Union’s Playbook For Balancing Cash And Digital Payments
Despite the dreams and expectations among all kinds of people during the rise of eCommerce and digital payments, cash isn’t really going...
-
5.2KVISAWhy Visa Brought Earthport Into Its Orbit
Visa is moving "beyond the card" with its acquisition of cross-border payments firm Earthport to turbo-charge account-to-account payments. Bill Sheley, head of global...
-
5.0KEarningsWestern Union’s Q1 Digital Transactions Up 19 Pct
Western Union missed Wall Street estimates on the top and bottom lines amid currency headwinds and some weakness in a few international...
-
3.2KB2B PaymentsRipple News: Boosts X-Border Partnership Tally
Ripple has added to its cross-border payments roster with a recent linkup with Ria Money, while also readying a refresh of its...
-
3.3KSmarter PaymentsIn India, Faster Payments Deliver ‘Instant Gratification’ To Migrants
For many Indian migrant workers, sending remittances involves the anxiety-inducing experience of giving cash to couriers or postal services and hoping for...
-
5.7KSmarter PaymentsFaster Payments’ Impact On India’s 100M Migrant Workers
For small and medium-sized businesses (SMBs) and consumers, payments that arrive promptly are worth far more than payments of the same dollar value...
-
5.9KDigital PaymentsHow Western Union Is Taking Global P2P Omnichannel
It’s one of the rising ideals in this digital world of commerce and payments, a consumer expectation that doesn’t seem in danger...
-
5.3KData DiveData Dive, Big Launches Edition: Google, Sephora And PayPal
Mid-March is more famous for spectacular endings than big beginnings – likely because one of the more high-profile political assassinations (and BFF...
-
5.5KPayment MethodsNFC Forum Shares Specs For QR Codes Alternative
The NFC Forum, the standards and advocacy association for Near-Field Communication (NFC) technology, released its NFC Money Transfer Candidate Specification (NMT) on Tuesday...
-
3.6KSecurity & FraudPrince Charles’ Charity Funded By Company With Russian Ties
A charity run by Prince Charles received donations from a company used to transfer large amounts of cash from Russia. According to...
- 8.5KPartnerships / Acquisitions
Western Union CEO: Speedpay Sale Speeds Way To X-Border Payments Growth
The year 2019 is already shaping up as a big year for deal-making in financial services and payments. Western Union, of course,...
-
5.7KB2B PaymentsIn South Korea: Calls For Greater Bank, FinTech Collaboration
Bank and non-bank collaboration gets a boost in South Korea through an interbank payment network and sandbox. Elsewhere, individual FinTech company initiatives shine...
-
3.0KInvestmentsMastercard Foundation, Ripple Back Remittance Co SendFriend
Remittance company SendFriend announced that it has raised $1.7 million from investors MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance,...
-
6.0KDigital PaymentsSenders As Issuers: A New Space For Cards In Global P2P
When InstaReM CEO and Co-founder Prajit Nanu started putting together a global remittance firm for consumers and businesses in 2014, he had...
-
4.5KMobile ApplicationsLydia Enables Shared Sub-Accounts With Virtual Cards
To help friends and roommates manage money, the French startup Lydia is letting users of its payment app share sub-accounts. They can also...
-
3.9KSizzle/FizzleSizzle Of The Week: Zelle’s Accelerating Growth
Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018....
-
5.0KPayment MethodsTD Ameritrade Enables Instant Brokerage Account Funding Via Apple Pay
TD Ameritrade, the Omaha, Nebraska online brokerage, announced Tuesday (Jan. 15) that it now enables customers to instantly fund a brokerage account...
-
4.1KPayment MethodsIn Hungary, Instant Payments Gain Traction
The new year dawned with individual country and company initiatives tied to instant payments, and moving beyond cash transactions. To that end,...
-
7.9KB2B PaymentsKuwait Bank Taps Ripple For Online Banking
The National Bank of Kuwait (NBK) has announced that it will incorporate RippleNet blockchain into its online banking platform, offering 24-hour wire transfers...
-
7.3KSecurity & FraudFBI Warns Of ‘Money Mule’ Fraud
The Federal Bureau of Investigation (FBI) is warning about a new form of fraud that targets companies, schools and nonprofits around the United...
-
4.5KPartnerships / AcquisitionsMoneyGram, Kroger Pair On Bill Pay
MoneyGram, a global money transfer and payment company, has announced a partnership with the Kroger family of stores, according to the company....
-
5.4KInvestmentsTransferGo Raises $17.6M For X-Border Payments
TransferGo, an up-and-coming international money transfer company, has raised more than $17.6 million in a Series B funding round, according to a...
-
4.7KCross Border CommerceXoom Expands Full Suite Of Send Services To Canada
When PayPal acquired global money transfer firm Xoom in 2015, company President and CEO John Kunze noted that becoming part of the larger PayPal organization...
-
6.6KMobile ApplicationsMoneyGram Mobile App Launches In 15 New Countries
MoneyGram, a global money transfer and payment service, has launched a new mobile app that is available in the U.S. and 14...
-
4.7KDigital PaymentsEPC Chair On SEPA’s Instant Credit Transfer, One Year In
Last year, the European Payments Council (EPC) debuted the SEPA Instant Credit Transfer scheme, where credit transfers are done in 10 seconds...
-
5.8KB2B PaymentsKuwait Debuts FinTech Sandbox
As proof that FinTech sandboxes are going global, Kuwait has become the latest player in the Middle East to debut a framework....
-
6.4KB2B PaymentsWhere B2B Payments, Banking And Lending Connect
B2B payments is all too often a waiting game, one that can be damaging to the survival of a small business (SMB)....
-
6.2KDigital PaymentsGrab Launches P2P Remittance Product
Grab, the ride-sharing platform out of Southeast Asia, announced on Thursday (Nov. 15) the launch of a remittance offering under the company’s...
-
5.8KSecurity & FraudMoneyGram Settles With FTC For $125M
The Federal Trade Commission (FTC) said on Thursday (Nov. 8) that MoneyGram will pay $125 million in penalties after having violated a six-year-old...
-
6.0KGlobal PaymentsWith New Deal, Western Union And M-PESA Make Global P2P Wave
Western Union and M-PESA announce today a global P2P partnership that will make it easier for M-PESA customers to send money outside...
- 6.0KEarnings
Western Union Grows Digital Double-Digits, Expands Underbanked Reach With Amazon
Double-digit growth marked Western Union's digital offerings, and now represents 12 percent of the firm's key C2C business. Management pointed to solid growth...
-
5.6KSecurity & FraudPaytm Founder Targeted In Blackmail Scheme
Three people have been remanded in India over an alleged plot to blackmail the founder of Paytm for $2.7 million. According to...
-
4.1KB2B PaymentsAzimo Steps Into Business Payments Space
Payments company Azimo, which has typically focused on consumer money transfers, is now stepping into the business payments space. The company announced...
-
5.2KEarningsPayPal Posts 25 Pct Jump In Payments Volume
PayPal posted results Thursday (Oct. 18) after the markets closed that showed double-digit growth in overall transaction volume and payments volume, and...
-
3.9KB2B PaymentsSWIFT Exit For Iran As Sanctions Loom?
SWIFT controversy over the messaging system’s place on the world stage continues, and U.S. sanctions toward Iran loom. Elsewhere, digital payments are on...
-
3.9KCashViamericas Rolls Out Mastercard Cash Pick-Up Across The Country
Viamericas, the money transmitter offering international money transfer, bill payment, check processing and top-up services at thousands of agent locations across the...
-
9.2KPartnerships / AcquisitionsPayPal Cash Comes To Walmart
For 73 percent of Americans, participating in the digital economy is easy. All they have to do is secure internet access, enter...
-
4.1KRegulationWhatsApp Caves To India Payments Data Demands
WhatsApp, Facebook’s messaging app that is trying to make inroads in the digital payments market in India, has created a system to...
-
4.1KB2B PaymentsSMBs Claim Control Over Finances With B2B Payments Innovation
There is a disconnect between the payment options businesses offer their customers and the options businesses use to pay each other. Between...
-
5.3KB2B PaymentsNEW DATA: An Inside Look At The B2B Payments Satisfaction And Usage Disconnect
Paper checks have long been used in the B2B industry, serving as one of the few ubiquitous payment methods in an otherwise...
-
4.0KCross Border CommerceRemitly Expands Into 11 New Send Countries In Europe
Remitly, the independent digital remittance company, announced on Wednesday (Sept. 12) that it has expanded into 11 new send countries across Europe....
-
4.9KMobile ApplicationsWestern Union App Launches In Mexico
Western Union, the cross-border and cross-currency money movement company, announced on Wednesday (Sept. 12) that it has launched the Western Union App...
-
6.7KInvestmentsTransferWise Reports $3.9B In Transaction Volume/Month
London-based money transfer firm TransferWise has revealed that has been profitable for the second year in a row. One of Europe’s largest FinTech startups,...
-
5.4KPartnerships / AcquisitionsXoom, OXXO Pair On Money Transfer In Mexico
Xoom, PayPal’s international money transfer service, has announced a partnership with TransNetwork, which allows its U.S. customers to send money to loved...
-
4.3KGlobal PaymentsWorldRemit Rolls Out Transfers Within Africa; Paytm Canada Updates App
Welcome to The Axis, your late look at payments news from around the world. Coverage includes WorldRemit’s launch of digital money transfers within...
