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

TransferMate Gets Payment License In Singapore; Shanghai Commercial Bank Teams With EMQ

TransferMate Gets Payment License In Singapore; Shanghai Commercial Bank Teams With EMQ
TransferMate Gets Payment License In Singapore; Shanghai Commercial Bank Teams With EMQ
May 29, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes TransferMate’s approval for a payments license in Singapore, Chinese bank Shanghai...

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TransferWise Becomes Europe’s Most Valuable FinTech
TransferWise Becomes Europe’s Most Valuable FinTech
May 22, 2019  |  Fintech Investments

TransferWise, the U.K. money transfer startup, has raised $292 million in a round of funding, giving it a valuation of $3.5 billion. To date, TransferWise...

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MoneyGram’s Q1 Slide Overshadows Digital Growth
MoneyGram’s Q1 Slide Overshadows Digital Growth
May 08, 2019  |  Earnings

MoneyGram shares were pummeled in intraday trading on the heels of reporting results that lagged expectations and showed the lingering impact of an ongoing restructuring...

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Cross-Border Payment Efforts Look To Blockchain And Beyond
Cross-Border Payment Efforts Look To Blockchain And Beyond
April 03, 2019  |  B2B Payments

Banks and FinTechs have set their sights on cross-border payments, looking toward speeding up consumer and B2B payments while lowering costs. From Thailand to Canada,...

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Dollar General, Western Union Team Up To Expand Access To Money Transfers
Dollar General, Western Union Team Up To Expand Access To Money Transfers
April 02, 2019  |  Payment Methods

Dollar General and Western Union announced Tuesday (April 2) that customers can complete Western Union money transfers at more than 15,400 locations in the 44...

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WU Enables Mobile Wallet Transfers Via Thunes Partnership
WU Enables Mobile Wallet Transfers Via Thunes Partnership
March 21, 2019  |  B2B Payments

Western Union announced that it has teamed up with cross-border payments network Thunes to enable customers to send funds directly into mobile wallets around the world....

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EU Parliament Eyes New Rules On Cross-Border Payment Fees
EU Parliament Eyes New Rules On Cross-Border Payment Fees
February 21, 2019  |  B2B Payments

This week, the EU Parliament voted for new rules mandating that banks cut fees on cross-border euro payments for countries within and outside the Eurozone....

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JPMC Embraces Crypto For Real-Time Payments — Ripple Says It’s Not Worried
JPMC Embraces Crypto For Real-Time Payments — Ripple Says It’s Not Worried
February 15, 2019  |  Cryptocurrency

There was a time when JPMorgan Chase (JPMC) CEO Jamie Dimon didn’t have much in the way of positive things to say about bitcoin. Get the Full...

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