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)

Revolut Turns 7 with 20M Customers
Revolut Turns 7 with 20M Customers
July 14, 2022  |  Digital Payments

British FinTech Revolut is celebrating its seventh year as a company by hitting a milestone of 20 million customers, 250 million monthly transactions, and a...

READ MORE >
Western Union Reports Increasing Digital Transfer Revenue in Q1
Western Union Reports Increasing Digital Transfer Revenue in Q1
April 28, 2022  |  Earnings

The Western Union Company has released its first quarter reports, saying that the revenue had been impacted by less retail money transfer along with its...

READ MORE >
Banks Consider Adding Zelle to Retail Payments as Alternative to Mastercard, Visa
Banks Consider Adding Zelle to Retail Payments as Alternative to Mastercard, Visa
April 06, 2022  |  Consumer Payments

Zelle might be seeing more action from banks in the future, with some of them wanting to add the money-transfer service to the checkout at...

READ MORE >
FinTech Startup Plaid Unveils Payments Program
FinTech Startup Plaid Unveils Payments Program
October 21, 2021  |  Digital Payments

FinTech startup Plaid is planning to unveil a new payments program on Thursday (Oct. 21) that will facilitate digital payments funded by users’ bank accounts,...

READ MORE >
Western Union Improves Instant Payments Offering in Europe
Western Union Improves Instant Payments Offering in Europe
October 13, 2021  |  Faster Payments

Western Union, a global provider of cross-border and cross-currency payments, has bolstered its instant payment capabilities in Europe by joining the Single Euro Payments Area...

READ MORE >
Walmart: Money Transfers Have Saved More Than $2B
Walmart: Money Transfers Have Saved More Than $2B
October 05, 2021  |  Digital Payments

Walmart’s money transfer services have saved its customers more than $2.4 billion in fees since launching in 2014, the retail giant said on Tuesday (Oct....

READ MORE >
Western Union Partners With African Banks for Easy Cross-Border Transfers
Western Union Partners With African Banks for Easy Cross-Border Transfers
September 30, 2021  |  Cross-border Payments

Western Union is teaming up with major financial institutions (FIs) in Africa to make digital cross-border money transfers and bill payments faster and easier, according...

READ MORE >
London FinTech TransferGo Raises $50M in Series C for Digital Payments
London FinTech TransferGo Raises $50M in Series C for Digital Payments
September 30, 2021  |  Investments

Money transfer startup TransferGo raised $50 million in a Series C funding round led by Elbrus Capital Fund III and Black River Ventures, according to...

READ MORE >
Inside Remitly: Five Things to Know About the Newly Listed Money Transfer FinTech
Inside Remitly: Five Things to Know About the Newly Listed Money Transfer FinTech
September 27, 2021  |  IPO

Global remittance startup Remitly has made its trading debut on the Nasdaq under the ticker RELY, raising about $300 million through its IPO, which was...

READ MORE >