Sections
remittances
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6.4KCross-border PaymentsWestern Union CEO On Solving For The Future Of Global, Inclusive Financial Services
The passage of time is a bit unusual in financial services. With the digitization of the ecosystem and rapid emergence of FinTechs...
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4.2KCross-border PaymentsPostepay Customers Get Access To Western Union’s Platform
Through an effort to enable cross-border payments, Postepay clients can now access the cross-border and cross-currency platform of Western Union to send funds around...
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2.6KPartnerships / AcquisitionsAlipay, WorldRemit Team On Cross-Border Remittance
Money transfer platform WorldRemit announced a new partnership with Alipay that will make it easier for users to do cross-border transfers and...
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3.8KPartnerships / AcquisitionsMoneyGram, Suez Canal Bank Team To Enable Egypt Money Transfers
MoneyGram has partnered with Suez Canal Bank to let customers send money right into Egyptian bank accounts, according to a press release....
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3.1KInternationalMoneyGram Teams With LuLu Money To Power Asia-Pacific Transactions
Cross-border peer-to-peer (P2P) payments firm MoneyGram has teamed up with foreign exchange and global money transfer company LuLu Money, MoneyGram announced on...
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2.9KPartnerships / AcquisitionsTerraPay/UBA Linkup Enables Real-Time Money Transfers Throughout Africa
Mobile-first international payment network TerraPay is partnering with UBA Group, a leading pan-African financial services company, to offer real-time money transfer services to...
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4.8KVISAVisa, MFS Africa Team To Take Mobile Wallets Cross-Border
Since the rise of M-Pesa in 2007, mobile money wallets have become prevalent across Africa. And while that addition to the market...
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3.8KDigital BankingToken’s M10 Networks Launches ‘Bank-Grade’ Digital Money Rail
Open banking platform provider Token.io has announced the launch of affiliate company M10 Networks, which will focus on developing solutions for digital...
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6.2KMobile PaymentsPayPal’s Xoom Launches US Money Transfers To Walmart, Ria Locations
Xoom, PayPal’s international money transfer service, announced that customers will be able to send money to recipients in the U.S. for the...
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2.6KB2B PaymentsSphere Teams With RMS For Automated Healthcare Payments
Payments and security software provider Sphere announced that it is teaming up with Oklahoma-based Revenue Management Solutions (RMS), a healthcare remittance automation...
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5.3KPartnerships / AcquisitionsMoving FI, FinTech Partnerships Beyond The Press Release
Big, splashy announcements of freshly-forged partnerships between FinTechs and mainstream payments and financial services players are released by the dozens these days....
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5.0KCross-border PaymentsWestern Union Enables Real-Time Global Transfers Via India’s UPI
Cross-border payments firm Western Union is advancing real-time money transfers to customers in India, the company said in a press release on...
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3.8KFaster PaymentsDeep Dive: Emerging Response To B2B, P2P Cross-Border Payments Pain
Money constantly flows across borders in the increasingly interconnected global economy, from workers overseas back to their families, and from buyers to...
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6.3KGlobal PaymentsFinTech InstaReM Launches Remittance Service In Canada
Cross-border payments provider InstaReM is rolling out its digital money transfer services in Canada, the company said in a press release. By...
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2.8KBitcoinBitcoin Daily: AT&T Must Answer To Suit From Crypto Investor; Berlin Blockchain Startup Cleared For $280M Token Sale
Union Bank of the Philippines is experimenting with blockchain for remittances, as its chairman believes that the technology can boost financial services...
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3.2KInvestmentsRemitly Scores $135M To Expand Globally
Weeks after Facebook took aim at its core business, Seattle-based Remitly notched $135 million in funding at a valuation of almost $1...
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7.9KVISAVisa, Western Union Team To Speed Global Payments
Today (June 5), Visa and Western Union struck a strategic agreement to move money between consumers focused on expedited remittances. Bill Sheley,...
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5.2KPayment MethodsWestern Union’s Playbook For Balancing Cash And Digital Payments
Despite the dreams and expectations among all kinds of people during the rise of eCommerce and digital payments, cash isn’t really going...
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3.8KB2B PaymentsIn Europe, Cross-Border FinTech And FI Efforts Eye Speed And Remittances
FinTech firms are making strides in cross-border payments and tie-ups with more traditional players, as evidenced by Numbrs linking with German insurer...
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4.9KSmarter PaymentsIn India, Faster Payments Deliver ‘Instant Gratification’ To Migrants
For many Indian migrant workers, sending remittances involves the anxiety-inducing experience of giving cash to couriers or postal services and hoping for...
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7.4KSmarter PaymentsFaster Payments’ Impact On India’s 100M Migrant Workers
For small and medium-sized businesses (SMBs) and consumers, payments that arrive promptly are worth far more than payments of the same dollar value...
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10.5KGlobal PaymentsViva Air To Tap Into Mobile Payments; Bookme Closes Pre-Series A Funding Round
Welcome to The Axis, your late look at payments news from around the world. Coverage includes CellPoint Mobile’s plans to enable mobile payments...
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3.9KGlobal PaymentsENOC Taps Into Mobile Payments, Samsung Pay Comes To Australian Commuters
Welcome to The Axis, your late look at payments news from around the world. Coverage includes the U.A.E.’s ENOC’s launch of a...
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3.4KCross Border CommerceMexican Gov’t Eyes FinTechs For Cheaper X-Border Transactions
The Mexican government is hoping FinTechs will make sending cash home for Mexican families living abroad more affordable. Deputy Finance Minister Arturo...
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4.2KB2B PaymentsCross-Border Payment Efforts Grab Funding
Amid the battle heating up between Ripple and SWIFT over payments infrastructure, SendFriend, a Ripple partner, gets funding for its cross-border payments...
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7.1KDigital PaymentsSenders As Issuers: A New Space For Cards In Global P2P
When InstaReM CEO and Co-founder Prajit Nanu started putting together a global remittance firm for consumers and businesses in 2014, he had...
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7.6KB2B PaymentsAlipay In X-Border Blockchain Pact
Blockchain grabbed some headlines this past week as DLT helped foster new cross border payment initiatives, notably from Alipay and Ripple. Elsewhere,...
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4.6KB2B PaymentsWestern Union, JD Digits Eye Biz Payments With X-Border Partnership
Western Union has announced a partnership with Chinese digital payments company JD Digits, which will advance digital cross-border money movement and payments in...
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5.7KCross Border CommerceXoom Expands Full Suite Of Send Services To Canada
When PayPal acquired global money transfer firm Xoom in 2015, company President and CEO John Kunze noted that becoming part of the larger PayPal organization...
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7.6KInternationalBanks Steer Clear Of X-Border Transfers
Amid stricter checks for money laundering, banks are moving away from the international money transfer practice known as correspondent banking. The shift...
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7.6KDigital PaymentsGrab Launches P2P Remittance Product
Grab, the ride-sharing platform out of Southeast Asia, announced on Thursday (Nov. 15) the launch of a remittance offering under the company’s...
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4.8KInvestmentsNigeria’s Mobile Wallet Paga Snags $10M, Expands Cross-Border
Nigerian digital payments startup Paga has received $10 million in funding as it prepares to expand into other countries. CEO Tayo Oviosu announced at...
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8.1KPartnerships / AcquisitionsXoom, OXXO Pair On Money Transfer In Mexico
Xoom, PayPal’s international money transfer service, has announced a partnership with TransNetwork, which allows its U.S. customers to send money to loved...
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10.7KVISAMoneyGram And Visa Team To Deliver Real-Time Global P2P
MoneyGram and Visa announced today (July 24) that they have partnered to deliver real-time digital disbursements to MoneyGram customers using Visa’s push...
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5.7KSecurity & FraudTrulioo Offers Instant Identity Verification In The Philippines
Trulioo, the global identity verification company, announced Tuesday (July 24) that it started offering instant ID verification for consumers in the Philippines....
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5.8KB2B PaymentsPayroll Startup Salarium Plans ICO
A startup offering payroll and human resources (HR) solutions is looking to raise $20 million via an initial coin offering (ICO), according...
- Payment Methods
Quisk Begins Incorporating Blockchain Into Its Platform
Quisk, Silicon Valley provider of a secure digitized cash payment network for banks and financial institutions, announced Monday (June 5) that it...
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6.6KFinancial InclusionMoneyGram, Ant And Making The “Unbanked’s Bank”
On Tuesday, MoneyGram’s shareholders gave an unequivocal thumbs up to the buyout by Ant Financial. With one more hurdle yet to clear, CFIUS approval, MoneyGram...
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3.1KBlockchainRipple Adds 10 New FIs To Global Network
Blockchain-based payments and global financial settlement solution provider Ripple just recently announced the addition of 10 new financial institutions, including banks and...
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4.7KDigital PaymentsBillMo And The Momentum Of Remittances
Cross border flow of money is going to continue no matter what the political climate. Maybe the pie won’t grow as quickly...
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7.2KPayment MethodsChanging The Remittance Business Model
Traditional remittance services tend to focus solely on the sender — onboarding as many senders as possible and charging fees on the...
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3.3KPost-ElectionTapping Into The Trump Trade Wars
Roughly 10 days into the Trump presidency, and the world is changing. Significantly. To grind that statement a but finer, the way...
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5.1KPost-ElectionUS-Mexico Cross-Border Payments Rise
With the peso nearing an all-time low and the growing tensions between Mexico and the U.S. in the wake of Donald Trump’s...
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7.0KLatin AmericaWill Trump’s Wall Kill Remittances To Mexico?
Remittances — cash payment into Mexico from expats living in the U.S. — are a national cash cow. In fact, remittances are...
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5.2KB2B PaymentsIndia’s Axis Bank Joins Earthport In X-Border Payments
Just weeks after receiving approval to facilitate cross-border payments originating from India, FinTech firm Earthport revealed its newest partner to get operations off...
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6.3KPayment MethodsMoneyGram CEO Talks MobilePass
MoneyGram’s launch yesterday of MobilePass is the latest example of its commitment to moving away from being transaction-centric to becoming a relationship-centric...
- Payment Methods
Western Union Adds Direct US-Mexico Bank Transfers
Western Union has just expanded its presence in Mexico by enabling customers in the U.S. to send money directly into roughly all...
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5.4KInternationalWestern Union Brings Cuba Digital Money Transfers
Global payments company Western Union announced on Tuesday (June 7) that it is bringing mobile and online money transfers to Cuba through...
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Western Union US Online Transactions 55 Percent Mobile
Mobile is playing an increasing role for all remittance companies, but just how much isn’t usually revealed until earnings reports are released....
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9.7KPayment MethodsXoom Expands To 11 More Countries
Xoom, the PayPal-owned digital money transfer service, has announced a major expansion to 11 countries — and two more on the horizon....
