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

Banks Consider Adding Zelle to Retail Payments as Alternative to Mastercard, Visa

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...

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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,...

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Western Union Improves Instant Payments Offering in Europe
Western Union Improves Instant Payments Offering in Europe
October 13, 2021  |  Real-Time 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...

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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....

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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...

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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...

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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...

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African FinTech Wave Wraps up $200M Series A Funding Round
African FinTech Wave Wraps up $200M Series A Funding Round
September 07, 2021  |  Investments

African mobile money provider Wave recently wrapped up a $200 million Series A funding round that was the largest ever for a company of that...

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