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

G7 Raises Concerns Over Facebook’s Libra

G7 Raises Concerns Over Facebook’s Libra
G7 Raises Concerns Over Facebook’s Libra
June 19, 2019  |  Cryptocurrency

Facebook’s Tuesday (June 18) news of the launch of its Libra cryptocurrency was heard around the world, and the Group of Seven (G7) nations definitely...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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,...

READ MORE >
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...

READ MORE >
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....

READ MORE >
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....

READ MORE >