money transfers

Electronic funds transfer 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: en.wikipedia.org

Western Union Teams With TrueMoney To Enable Money Transfers To Philippines

Western Union Teams With TrueMoney To Enable Money Transfers To Philippines
Western Union Teams With TrueMoney To Enable Money Transfers To Philippines
July 21, 2020  |  Cross-border Payments

Western Union has signed a deal with TrueMoney, a Philippines financial services provider, the global cross-currency money mover and payments company announced on Tuesday (July 21). Terms of...

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MoneyGram Reports 100 Percent Digital Transaction Growth In May
MoneyGram Reports 100 Percent Digital Transaction Growth In May
June 09, 2020  |  Digital Payments

MoneyGram has been doing well in May, illustrated by a triple-digit percentage increase in digital transactions. The popular money transfer app reported a 100 percent...

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Skrill Debuts Free Money Transfers In US
Skrill Debuts Free Money Transfers In US
June 08, 2020  |  Digital Payments

London-based Paysafe, a global online payments company, has announced the U.S. launch of its free Skrill Money Transfer service. “There has never been a more important time...

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Western Union: C2C Digital Transactions Hit 10-Year Record High For May
Western Union: C2C Digital Transactions Hit 10-Year Record High For May
June 02, 2020  |  Digital Payments

Western Union Co. said that while the payment platform saw transactions fall by 30 percent at the peak of the coronavirus pandemic in March and...

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Western Union Eyes Buying MoneyGram
Western Union Eyes Buying MoneyGram
June 01, 2020  |  Acquiring

Western Union could be looking to acquire MoneyGram in a transaction that would unite two of the country’s largest money transfer services, according to Bloomberg....

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Western Union Temporarily Halves Fees For Essential Workers
Western Union Temporarily Halves Fees For Essential Workers
May 07, 2020  |  Digital Payments

Western Union is offering a 50 percent discount for essential workers utilizing its payment services, according to a press release issued on Thursday (May 7). Western...

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Western Union Weathers Uncertainty With Digital Acceleration
Western Union Weathers Uncertainty With Digital Acceleration
May 06, 2020  |  Earnings

As has been the trend with earnings reports this quarter, COVID-19 and its global economic effects took center stage when Western Union reported its Q1...

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Western Union Debuts Video, Voice Tool For Home Money Transfers
Western Union Debuts Video, Voice Tool For Home Money Transfers
March 26, 2020  |  Cross-border Payments

Cross-currency money transfer firm Western Union has announced the launch of Digital Location, a new tool that enables people to send money from home. A pilot...

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