Digital Money Transfers news and trends

Money Transfer Co. Azimo Names New CEO
Personnel // August 28, 2019

Digital money transfer company Azimo plans to promote COO Richard Ambrose to CEO, as Founder Michael Kent is moving from the CEO role into the executive chairman position, the company said in a release. Get the Full Story Complete the form to unlock this article...

MoneyGram Sees Top-Line Hit on Compliance, While Digital Gains 17 Pct YoY
Earnings // August 03, 2018

Money transfer giant MoneyGram beat expectations on the bottom line but missed on the top, as new compliance standards put in place by the company proved a headwind to revenues. Yet management maintained efforts to shore up defenses against fraud as money moved far-flung distances...

Western Union C2C Digital Gains 23 Percent As Walmart Threat Looms
Earnings // May 02, 2018

Western Union’s first quarter results, released Tuesday (May 1), benefited from growth in digital C2C transactions as executives expressed confidence that they could fend off Walmart’s recent entry into the global money transfer space. Get the Full Story Complete the form to unlock this article...

WorldRemit Expands In Africa
Partnerships / Acquisitions // December 07, 2016

WorldRemit, the digital money transfer service, and global money transfer brand Xpress Money announced Tuesday (Dec. 6) a partnership to open up new remittance routes across Africa and Asia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Interviews & Exclusives
Digital Beats Legacy in Sending Remittances to Remote, Rural Recipients

August 16, 2022
An essential part of migrant workers’ lives is sending money abroad to recipients who often depend on funds for critical expenses such as housing, food and healthcare. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our […]

Quick Reads
Money Transfer Co. Azimo Names New CEO

August 28, 2019
Digital money transfer company Azimo plans to promote COO Richard Ambrose to CEO, as Founder Michael Kent is moving from the CEO role into the executive chairman position, the company said in a release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — […]

WorldRemit Expands In Africa

December 07, 2016
WorldRemit, the digital money transfer service, and global money transfer brand Xpress Money announced Tuesday (Dec. 6) a partnership to open up new remittance routes across Africa and Asia. Get...

Walmart Lowers The Cost Of Transferring Money

October 27, 2016
Walmart Stores, along with Ria Money Transfer and MoneyGram International, announced Wednesday (Oct. 26) it is making the necessity of transferring money even more affordable for customers. Get the Full...