Sections
remittances
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1.7KInvestmentsRemitly 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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5.0KVISAVisa, 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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3.2KPayment 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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2.5KB2B 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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3.4KSmarter 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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5.7KSmarter 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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8.4KGlobal 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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3.3KGlobal 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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2.8KCross 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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3.4KB2B 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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6.0KDigital 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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6.2KB2B 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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3.9KB2B 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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4.7KCross 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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6.7KInternationalBanks 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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6.2KDigital 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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3.9KInvestmentsNigeria’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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5.4KPartnerships / 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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9.0KVISAMoneyGram 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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4.6KSecurity & 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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5.2KB2B 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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6.1KFinancial 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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2.8KBlockchainRipple 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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4.3KDigital 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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6.3KPayment 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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3.0KPost-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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4.7KPost-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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6.7KLatin 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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4.8KB2B 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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5.9KPayment 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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5.1KInternationalWestern 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...
- Payment Methods
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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7.8KPayment 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....
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7.2KInternationalTrump’s Mexico Wall To Be Built On Remittances?
Fund the Trump Wall by cutting off fund flows to Mexico? Unlikely.
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6.7KCFPBCFPB Uncovers Remittance Transfer Violations
The Consumer Financial Protection Bureau said on Tuesday (March 8) that it has released its latest supervision report, and its review of...
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5.9KMobile PaymentsRemitly Nears $1B Mobile Money Transfer Mark
Remitly, a U.S.-based mobile payments service, is nearing its next milestone. The company announced yesterday (Jan. 12) that its money transfer growth...
- International
Western Union Ignites Renewable Energy Remittances In Haiti
Western Union has teamed up with a Haitian money transfer and payment services company to allow for the use of remittances to fuel renewable energy products...
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2.4KInternationalRegalii Expands X-Border Bill Payment Capabilities
Regalii, the first global bill payment API that allows companies to pay any bills anywhere in the world, has expanded its footprint to...
- Financial Inclusion
M-Pesa And MTN Partner For Cross-Border Payments
The two biggest mobile money operators in East Africa have joined forces. Yesterday (April 21), Vodafone M-Pesa and MTN Mobile Money announced...
- International
MasterCard’s Move Into Zimbabwe Mobile Money Market
MasterCard solidified its commitment to the cross-global payments market on Tuesday (March 3) when it released a press release to announce its...
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The State Of Remittances And The Global Economy
As U.S. President Barack Obama gears up for his sixth State of The Union address tonight (Jan. 20), the leader of the...
