Pomelo has announced its official launch after several months of private beta. The company is launching with $70 million in seed financing that includes $20 million in venture capital and $50 million in warehouse facility, the company said in a Monday (April 22) press release. Pomelo offers a product...
Western Union says it has expanded its network of concept stores in Europe. The cross-border money transfer provider announced Wednesday (Dec. 6) that it now has 100 concept stores and “company-owned hubs” across the continent, with plans to “significantly” expand that number through 2025. “The network represents an...
Federal regulators have offered new details in a legal action involving Walmart’s money-transfer operations. The Federal Trade Commission (FTC) announced Friday (June 30) that it had amended its year-old complaint against the retail giant, which involves the company’s alleged violation of federal telemarketing sales rules. “According to the amended complaint, Walmart for...
Money transfer company Wise increased its customer base by 34% and its volumes by 37% over the last year. During the 12 months ended March 31, the company’s customer base grew to 10 million people and businesses and its volumes rose to 104.5 billion pounds...
December 14, 2022
While digitization has transformed the global remittance market, it is far from a one-dimensional process. After all, any money transfer service aiming for global coverage needs to be flexible enough to move money across diverse payment ecosystems and fragmented regulatory landscapes, while meeting the different needs of senders and receivers. With these evolving factors at […]
July 15, 2019
Xoom, PayPal’s international digital money transfer service, is launching in the U.K. and 31 countries, allowing millions of users to remit in bytes and bits. Julian King, Xoom general manager,...
June 05, 2019
Today (June 5), Visa and Western Union struck a strategic agreement to move money between consumers focused on expedited remittances. Bill Sheley, global head of push payments at Visa, tells...
June 03, 2019
Despite the dreams and expectations among all kinds of people during the rise of eCommerce and digital payments, cash isn’t really going away. Sure, one may find numerous instances and...
May 09, 2024
Pomelo and Thunes have partnered on an international money transfer solution from the United States to the Philippines. This credit-based digital wallet solution provides a remittance method that reduces costs and enables users to build their credit history in the U.S., the companies said in a Thursday (May 9) press release. The solution is enabled […]
April 22, 2024
Pomelo has announced its official launch after several months of private beta. The company is launching with $70 million in seed financing that includes $20 million in venture capital and $50...
December 06, 2023
Western Union says it has expanded its network of concept stores in Europe. The cross-border money transfer provider announced Wednesday (Dec. 6) that it now has 100 concept stores and “company-owned...
July 02, 2023
Federal regulators have offered new details in a legal action involving Walmart’s money-transfer operations. The Federal Trade Commission (FTC) announced Friday (June 30) that it had amended its year-old complaint against the retail giant, which involves the...
