Alipay+ unveiled a cross-border payments initiative in a move to boost Hong Kong’s tourism and commerce sector. The platform facilitates transactions for users of 14 overseas mobile wallets and bank apps from nine countries and regions. Among the eWallets and bank apps newly introduced to the city’s landscape are Hipay from Mongolia, Malaysia’s MyPB by Public Bank Berhad and Touch ’n...
Western Union’s first quarter results took note of continued shifts to digital channels to send money across borders. Branded digital transactions grew by 13% year over year (YoY), the company detailed in its materials. CEO Devin McGranahan said during the conference call with analysts that...
Interoperability in payments — paying anyone, anywhere, no matter the network — remains a Holy Grail in payments. And interoperability is a work in progress. But bit by bit and app by app, cross-border, cross-network and cross-wallet compatibility is being forged. This week, PayPal and Venmo...
Visa said PayPal and Venmo are now offering its Visa+ peer-to-peer (P2P) payment system. “As we continue to expand the P2P use case in the U.S., Current and Western Union will join PayPal and Venmo in enabling cross-platform money movement,” the company said in a Monday (April 1) news release as it announced the expansion of...
October 30, 2023
The CE 100 Index lost 2.5%, as payment-related names led to the downside. The Pay and be Paid segment was the worst performing sector, sliding 4.9% through the week. And within that pillar, Western Union gave up 14.1%. The company posted earnings this week that showed growth of 3% in its branded digital revenue year over year […]
March 13, 2023
The CE 100 Stock Index lost 6.7% as Silicon Valley Bank collapsed during a dramatic week that raises questions about FinTechs and startup funding. It remains unclear what the ripple...
January 18, 2023
For midmarket B2B firms, intelligent decision-making about how, and when, to move money is more challenging than ever. Patrick Gauthier, CEO of B2B FinTech Convera, told Karen Webster that as...
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...
May 06, 2024
TerraPay has named former Western Union executive Hassan Chatlia to a new leadership role. Chatlia will serve as vice president, global head of network for TerraPay, the London-based money movement company announced in a Monday (May 6) news release. “With over 20 years of experience in cross-border payments, Hassan brings with him a rich legacy of leadership and innovation,” the release […]
April 02, 2024
Visa said PayPal and Venmo are now offering its Visa+ peer-to-peer (P2P) payment system. “As we continue to expand the P2P use case in the U.S., Current and Western Union will join PayPal and Venmo in enabling cross-platform money movement,” the...
March 27, 2024
eSIM company eSIM Go has added Western Union’s digital wallets to its mobile data service. The integration, announced Wednesday (March 27), offers coverage in more than 150 countries via eSIM...
March 05, 2024
Visa and Western Union have formed a new agreement centered on cross-border payments. The expanded partnership, announced Tuesday (March 5), lets Western Union customers send money to loved ones, Visa cards and bank accounts in...
