Sections
money transfer
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2.3KSecurity & 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...
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2.1KGlobal 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...
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3.3KEarningsWestern 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...
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2.9KSecurity & 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...
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2.3KB2B 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...
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2.9KEarningsPayPal 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...
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2.2KB2B 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...
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2.1KCashViamericas 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...
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4.6KPartnerships / 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...
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2.3KRegulationWhatsApp 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...
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2.8KB2B 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...
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3.2KB2B 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...
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1.8KCross 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....
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2.7KMobile ApplicationsWestern Union Launches Mobile App 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 mobile...
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2.1KInvestmentsTransferWise 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,...
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2.1KPartnerships / 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...
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2.8KGlobal 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...
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3.6KPartnerships / AcquisitionsPayPal’s Xoom, Euronet’s Ria Pair On Remittances
PayPal has increased its foothold in Eastern Europe and Africa, and has boosted its presence in the global remittance market, through a...
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5.4KEuropeEurope Seeks SWIFT Alternative
To help attain financial independence, Europe has reportedly been working on a money transfer system. It would be separate from the prevailing...
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2.6KGlobal PaymentsFortumo Rolls Out Direct Carrier Billing In Sweden; MySQUAR Launches Remittance Service
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Fortumo’s rollout of direct carrier billing...
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2.1KMobile PaymentsVenmo Critics Cite Ongoing Privacy Concerns
As PayPal tries to turn Venmo into a mainstream payments app, there are concerns over consumer privacy. Venmo users link their bank...
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2.5KDigital BankingLloyds, Halifax Hit By Fund Transfer Outage In UK
Lloyds Banking Group was hit by a computer outage that left customers unable to conduct fund transfers for several hours, according to...
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4.1KAlternative FinancesWalmart Redefines The Paycheck
When people talk about the plight of living paycheck to paycheck, Even Responsible Finance CEO Jon Schlossberg told Karen Webster in a...
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4.4KSecurity & FraudUsers Of Digital Payment Services Have Difficulty Recovering Mistakes
Digital peer-to-peer payment services like Venmo are growing in popularity, but according to a report in The Wall Street Journal, consumers who...
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3.1KMobile PaymentsAmid New Google Pay Features, Users Can Split The Bill
Google Pay is rolling out new features that, among other things, let users send and request money, through the merging of the...
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2.9KB2B PaymentsSaxo Bank Breaks Away From Banking Circle
Saxo Bank has divested its global B2B payments solution Banking Circle, according to a Monday (July 9) press release. Investment firm EQT,...
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4.1KInternational
Western Union Customers Have New Way To Send Money
Western Union announced Thursday (July 5) that it has inked a deal with Post Bank, one of Russia’s largest banks, to enable...
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4.6KInternational‘Robin Hood’ Money Transfer Tax Threatens Kenyan Financial Services
Kenyan bankers and fund managers have warned a proposed “Robin Hood” tax on many transactions will threaten the future of the country’s...
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3.9KPayment MethodsZelle Projected To Grow More Than 73 Percent In 2018
With Zelle projected to overtake Venmo, eMarketer expects the payment service to grow more than 73 percent this year. The firm is...
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2.5KBankingCircle In Early Talks For US Banking License
Months after rolling out a crypto trading platform, Circle Internet Financial Ltd said it has had early talks with regulators about obtaining...
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2.6KMobile PaymentsXoom Bumps Limits For X-Border Payments To 25K
The PayPal service Xoom announced that it has increased its send limits to $25,000 USD per transaction for over 50 countries, including India,...
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2.9KInternational
Kenya Moves To Regulate Digital Lending
After adopting a mobile money system that allows people to make payments and transfers through their cell phones, Kenya has become a...
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4.9KLatin AmericaLetting The Air(TM) Out Of Venezuelan Hyperinflation
Hyperinflation has driven the Venezuelan Bolivar to near uselessness. How are individuals supposed to save and manage money when their currency is...
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8.2KSecurity & Fraud
Zelle’s Growing Pains With Fraud
While Zelle’s business is booming, many people are reporting that hackers have used it to clean out their bank accounts. Zelle was...
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5.6KeCommercePayPal’s Bill Ready: Retailers And Taking The Digital Path Already Worn
Wherever and whenever consumers shows up to shop, the merchant’s goal should always be the same: Make sure they buy and then...
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4.9KBlockchainSantander Launches International Payment App Based On Ripple’s Blockchain Tech
Banco Santander, the Spanish bank, announced on Thursday (April 12) the launch of a new international payments service that is based on...
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4.8KMobile PaymentsSquare’s Cash App Comes To The UK
Square announced on Tuesday (April 3) that its peer-to-peer (P2P) Cash app is now available in the U.K. According to news from MarketWatch, the...
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4.8KCross Border CommerceWalmart Money Transfer Goes Global
Sending funds overseas is big business in the United States. According to the World Bank, in 2016, roughly $138 billion in remittances were sent from the U.S....
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4.0KB2B PaymentsGlobal B2B Transactions Approach $218T Value, Research Finds
New research forecasts significant growth for the cross-border B2B money transfer industry. Juniper Research published its latest analysis on Monday (March 26),...
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3.8KGooglePay Back IOUs With Google Assistant
Google has announced that Google Assistant can now be used to pay people back with Google Pay. “When the weekend’s over, chances...
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5.0KMobile PaymentsVenmo Puts Pause On Instant Transfers
Venmo abruptly removed its instant money transfer feature on Wednesday, saying it needed to “make a few changes” to the service. According...
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4.0KMobile PaymentsFrench Startup Lydia Says It Wants To Take On PayPal
A new startup is taking aim at PayPal. This time, it’s French startup Lydia, which recently raised a $16.1 million round (€13...
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5.1KEarningsWestern Union Reports Q4 Growth, Confirms Ripple Test
Western Union reported results Tuesday that showed continued momentum in its digital business, as consumer money transfers grew on a cross-border basis....
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4.3KInternationalWestern Union Opens India Tech Center
Western Union, the wire payments company, announced news on Monday (Jan. 29) of the launch of its Western Union Technology Engineering Centre...
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6.4KMobile CommerceZelle Reports New Account Openings Of 100K A Day
Zelle, the mobile payment service of U.S. Bank, says that close to 100,000 customers sign up for the payment app on average...
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4.5KInvestmentsWorldRemit Lands $40M
Leading digital money transfer service WorldRemit has raised $40 million to drive its next phase of growth, bringing its total amount raised...
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12.8KVISAVisa Launches Real-Time Payments In Europe
Visa, the payments company, announced news on Thursday (Nov. 2) of the European launch of Visa Direct, a real-time international payments platform....
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6.6KChatbots And CommerceWestern Union Brings Money Transfer Bot To Philippines
On Wednesday (Oct. 25), Western Union launched a new chatbot for the Facebook Messenger application, according to news from Mobile Payments Today. The...
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4.4KPayments InnovationVouchr Founder On Using P2P To Reinvent The Gift Of Cash
Differentiating a banking and mobile payments platform from its competitors can seem like an impossible task. When two services provide only basic...
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2.9KInternationalEXCLUSIVE: clearXchange Co-Founder, Mike Kennedy, Joins OFX As President
Money moves across hemispheres, and so do some international money transfer firms. To put a narrower spin on that sentiment, Australian money...
