Money Transfers news and trends

Wise Launches In Mexico to Tap $28 Billion Remittance Market
International // January 30, 2025

Cross-border payments provider Wise is continuing its Latin American expansion by launching in Mexico. The London-based company announced in a news release Thursday (Jan. 30) that users will now be able to send money from Mexico to more than 160 countries in upwards of 40 currencies. It also allows...

Greece to Cap Banks’ Fees on Money Transfers
Bank Regulation // December 15, 2024

Greece reportedly aims to cap banks’ money transfer fees, while eliminating consumer bill pay fees. As Bloomberg News reported, Prime Minister Kyriakos Mitsotakis told lawmakers on Sunday (Dec. 15) that efforts by banks to lower administrative costs for customers “were not enough.” Mitsotakis announced a...

Western Union’s Digital Business Sees 15% Growth in Transactions
Earnings // October 23, 2024

Western Union’s Branded Digital business saw 15% growth in transactions and 9% growth in revenue on a reported basis in the third quarter. This marked the sixth consecutive quarter of double-digit transaction growth for the Branded Digital business, the company said in a presentation released...

FIS and Neural Payments Partner on P2P Payment Service
Partnerships // August 15, 2024

FIS and Neural Payments have partnered to help banks offer peer-to-peer (P2P) payment capabilities to their customers. This collaboration will make Neural Payments’ P2P payment solution available via FIS’ NYCE debit rails, enabling more financial institutions to access it, the companies said in a Thursday...

Interviews & Exclusives
Less Than Half of FinTech Banks Let Consumers Make P2P Payments

May 10, 2024
FinTechs must make money mobility a top priority if they want to woo consumers away from traditional banks. While PYMNTS Intelligence’s data confirms FinTechs have made progress in meeting consumer expectations around instant payments, there is still room for improvement. In “FinTechs’ Instant Payment Mismatch,” a collaboration with Ingo Payments, we found that 47% of […]

FinTechs Struggle to Retain Consumer Trust in Africa

February 24, 2023
There is no denying that trust plays an important role when it comes to payments transactions. And according to Isaac Kamuta, it’s one of the key advantages regulated traditional banks...

Why Western Union Is Embracing Its White-Label Future

November 01, 2019
If one were looking for a simple phrase to describe the theme of Western Union’s Q3 earnings report on Thursday (Oct. 31), “pleasant surprises” would probably be the way to...

JPMC Embraces Crypto For Real-Time Payments — Ripple Says It’s Not Worried

February 15, 2019
There was a time when JPMorgan Chase (JPMC) CEO Jamie Dimon didn’t have much in the way of positive things to say about bitcoin. “The currency isn’t going to work,” the executive...

Quick Reads
Western Union’s New Media Network Drives Fourth-Quarter Revenue Growth

February 04, 2025
Western Union’s new media network business contributed to 56% revenue growth for its Consumer Services segment in the fourth quarter. The provider of cross-border, cross-currency money movement, payments and financial services announced the launch of its media network business in November, saying that this new offering lets companies advertise to Western Union customers via company-owned […]

Wise Launches In Mexico to Tap $28 Billion Remittance Market

January 30, 2025
Cross-border payments provider Wise is continuing its Latin American expansion by launching in Mexico. The London-based company announced in a news release Thursday (Jan. 30) that users will now be able to send money...

Greece to Cap Banks’ Fees on Money Transfers

December 15, 2024
Greece reportedly aims to cap banks’ money transfer fees, while eliminating consumer bill pay fees. As Bloomberg News reported, Prime Minister Kyriakos Mitsotakis told lawmakers on Sunday (Dec. 15) that...

Western Union’s Digital Business Sees 15% Growth in Transactions

October 23, 2024
Western Union’s Branded Digital business saw 15% growth in transactions and 9% growth in revenue on a reported basis in the third quarter. This marked the sixth consecutive quarter of...