Western Union is joining forces with two African FinTechs to provide international money transfer services. The collaboration, announced Wednesday (July 30), will see Western Union work with Zambia’s Zoona Transactions and its parent company Chipper Cash, letting customers in Zambia send and receive money around the world. “Zambia’s digitally...
MoneyGram will pay a penalty of $250,000 as part of a settlement with the New York State Office of the Attorney General (OAG), resolving a three-year-old lawsuit. The OAG and the U.S. Consumer Financial Protection Bureau (CFPB) filed the suit in April 2022, alleging that the international...
Uber Technologies is reportedly considering using stablecoins to transfer money among different countries. Stablecoins are appealing to global companies because they can help reduce the cost of moving money, Uber CEO Dara Khosrowshahi told Bloomberg on Thursday (June 5) in an interview conducted at the...
PayPal and TerraPay are teaming to promote cross-border payments in the Middle East and Africa (MENA). The partnership, announced Tuesday (April 15), is designed to speed cross-border money movement, while making payments more accessible by connecting banks, mobile wallets and financial institutions. “The Middle East and Africa are at the...
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 […]
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...
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...
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...
October 08, 2026
Wise is reportedly negotiating a settlement after a software glitch affected thousands of customers’ tax statements. The money transfer app this week contacted roughly 4,000 U.K. users of its Wise Asset service to inform them it had given them incorrect tax statements between 2021 and 2025, the Financial Times (FT) reported Thursday (Oct. 8). According […]
July 30, 2025
Western Union is joining forces with two African FinTechs to provide international money transfer services. The collaboration, announced Wednesday (July 30), will see Western Union work with Zambia’s Zoona Transactions and its parent...
June 16, 2025
MoneyGram will pay a penalty of $250,000 as part of a settlement with the New York State Office of the Attorney General (OAG), resolving a three-year-old lawsuit. The OAG and the...
June 05, 2025
Uber Technologies is reportedly considering using stablecoins to transfer money among different countries. Stablecoins are appealing to global companies because they can help reduce the cost of moving money, Uber...
