money transfer

Money Transfers are electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.

(source: businessdictionary.com)

MoneyGram Mobile App Launches In 15 New Countries
MoneyGram Mobile App Launches In 15 New Countries
December 10, 2018  |  Mobile Applications

MoneyGram, a global money transfer and payment service, has launched a new mobile app that is available in the U.S. and 14 other countries, according...

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EPC Chair On SEPA’s Instant Credit Transfer, One Year In
EPC Chair On SEPA’s Instant Credit Transfer, One Year In
December 03, 2018  |  Digital Payments

Last year, the European Payments Council (EPC) debuted the SEPA Instant Credit Transfer scheme, where credit transfers are done in 10 seconds — or less...

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Kuwait Debuts FinTech Sandbox
Kuwait Debuts FinTech Sandbox
November 29, 2018  |  B2B Payments

As proof that FinTech sandboxes are going global, Kuwait has become the latest player in the Middle East to debut a framework. Elsewhere, a Kenyan...

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Where B2B Payments, Banking And Lending Connect
Where B2B Payments, Banking And Lending Connect
November 28, 2018  |  B2B Payments

B2B payments is all too often a waiting game, one that can be damaging to the survival of a small business (SMB). With checks still...

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Grab Launches P2P Remittance Product
Grab Launches P2P Remittance Product
November 15, 2018  |  Digital Payments

Grab, the ride-sharing platform out of Southeast Asia, announced on Thursday (Nov. 15) the launch of a remittance offering under the company’s financial services arm....

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MoneyGram Settles With FTC For $125M
MoneyGram Settles With FTC For $125M
November 08, 2018  |  Security & Fraud

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 settlement tied to...

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With New Deal, Western Union And M-PESA Make Global P2P Wave
With New Deal, Western Union And M-PESA Make Global P2P Wave
November 07, 2018  |  Global Payments

Western Union and M-PESA announce today a global P2P partnership that will make it easier for M-PESA customers to send money outside of Kenya and...

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Western Union Grows Digital Double-Digits, Expands Underbanked Reach With Amazon
Western Union Grows Digital Double-Digits, Expands Underbanked Reach With Amazon
November 02, 2018  |  Earnings

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 spanning several cross-border...

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Paytm Founder Targeted In Blackmail Scheme
Paytm Founder Targeted In Blackmail Scheme
October 24, 2018  |  Security & Fraud

Three people have been remanded in India over an alleged plot to blackmail the founder of Paytm for $2.7 million. According to Reuters on Monday (Oct....

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