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: 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...

READ MORE >
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....

READ MORE >
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...

READ MORE >
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...

READ MORE >
Western Union Debuts Video, Voice Tool For Home Money Transfers
Western Union Debuts Video, Voice Tool For Home Money Transfers
March 26, 2020  |  International

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...

READ MORE >
TransferWise Teams With Alipay For Money Transfers In China
TransferWise Teams With Alipay For Money Transfers In China
March 17, 2020  |  Payment Methods

London-based FinTech unicorn TransferWise said on Tuesday (March 17) that it is partnering with Alibaba’s Alipay to power international money transfers in China.  “We’re on...

READ MORE >
Visa Teams With Nigeria’s Paga For Global FinTech
Visa Teams With Nigeria’s Paga For Global FinTech
March 09, 2020  |  Partnerships / Acquisitions

Visa is partnering with the Nigeria-based startup Paga to bring payments technology to Africa and abroad, according to reports on Monday (March 9). Paga has...

READ MORE >
Paysend Launches Mobile Multi-Currency Wallet In Europe
Paysend Launches Mobile Multi-Currency Wallet In Europe
February 20, 2020  |  International

The U.K. FinTech Paysend is introducing Global Account, its international, fee-free mobile money account with a multi-currency wallet, to European users, the company announced on...

READ MORE >
La Banque Postale Customers Can Send Global Transfers Via Western Union
La Banque Postale Customers Can Send Global Transfers Via Western Union
January 28, 2020  |  Partnerships / Acquisitions

French banking subsidiary La Banque Postale is teaming up with Western Union to expand cross-border payments, Western Union announced on Tuesday (Jan. 28). La Banque...

READ MORE >