Tagged: money transfer

February 22, 2021 @ 8:10 am By Samantha Hurst  |  

  Fintech Unicorn and stealth bank Transferwise announced on Monday it has officially rebranded to just Wise. Kristo Käärmann, Co-Founder and CEO of Wise, revealed in a blog post the rebranding is to show customers that the platform is more than just for money transfers…. Read More

December 24, 2020 @ 9:30 am By Samantha Hurst  |  

  Crosspay, a UK-based international money transfer service, is now seeking funds through its equity crowdfunding campaign on Crowdcube. Originally seeking a minimum of £150,000 Crosspay has already surpassed £180,000 and attracted nearly 160 Crowdcube investors. Founded in 2015, Crosspay states that it enables individuals… Read More

November 25, 2020 @ 1:25 pm By Samantha Hurst  |  

  UK-based international money transfer platform TransferGo has reportedly secured €5 million investment from Silicon Valley Bank. The new investment comes less than six months after TransferGo raised $10 million through its latest investment round. As previously reported, TransferGo claimed last year to be the first remittance… Read More

October 22, 2020 @ 2:44 pm By Omar Faridi  |  

Emburse, a company focused on providing expense management solutions and accounts payable automation, has introduced Emburse Global Reimbursements – which is powered by global money transfer service provider, TransferWise (which recently booked its 4th year of profitability while processing £67 billion in transfers in the… Read More

October 10, 2020 @ 1:55 pm By Omar Faridi  |  

  UK-based Fintech firm and stealth bank TransferWise, which recently booked its 4th year of profitability while processing £67 billion in transfers in the past year, has published its Q3 2020 report which goes over how the company has been focusing on its goal of… Read More

September 22, 2020 @ 4:02 pm By Samantha Hurst  |  

inwi money, a subsidiary of inwi and telecom provider in mobile money services, announced on Tuesday it has joined forces with WorldRemit, a provider of online money transfer services, and MFS Africa, a Pan-African fintech that operates an e-payment platforms in Africa.to launch an international… Read More

September 22, 2020 @ 2:25 pm By Samantha Hurst  |  

Paysend, a UK-based global payments platform,  announced on Tuesday it is waiving money transfer fees for U.S. customers throughout the month of October 2020 due to the COVID-19 pandemic.  The fee waiving comes just a couple of weeks after Paysend’s U.S. launch. Speaking about the… Read More

September 19, 2020 @ 4:12 pm By Omar Faridi  |  

UK Fintech and stealth bank TransferWise notes that whether you’re in Budapest, Bangkok or Pisco, you’ll now be able to receive Hungarian forints directly into your TransferWise account — the same way that a local would receive the funds. The TransferWise team clarified that this… Read More

August 26, 2020 @ 2:20 pm By Samantha Hurst  |  

Remitly, a U.S.-based online money transfer service for immigrants, announced on Wednesday the expansion of its mobile wallet network, which now reaches over 300 million mobile wallet holders across the globe. According to Remitly, this more than doubling its reach from 160 million earlier this… Read More

August 25, 2020 @ 12:31 pm By Omar Faridi  |  

UK-based Fintech firm Paysend, which focuses on global payments, has revealed that it will be working with Alipay to offer new cross-border money transfer options that aim to bring more seamless and inclusive financial services to consumers throughout the world. Paysend claims that its agreement… Read More

August 18, 2020 @ 9:52 am By Omar Faridi  |  

UK Fintech and stealth bank Transferwise reveals how Alternative Airlines has reportedly saved more than £75K in just the past 9 months when using the firm’s money transfer services. The TransferWise team notes that Alternative Airlines has been recognized as one of the UK’s leading… Read More

August 17, 2020 @ 6:08 pm By Omar Faridi  |  

Abu Dhabi based NymCard, a card issuing and processing platform, has reportedly been granted “in-principle” approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market. The Fintech firm aims to assist financial service providers including banks, and other financial technology companies… Read More

August 12, 2020 @ 9:13 am By Omar Faridi  |  

Fintech unicorn and stealth bank TransferWise revealed on August 11, 2020 that it has teamed up with FreeAgent, a UK-based accounting software firm. Through the partnership, both companies aim to offer improved accuracy and more convenience for SMBs when they reconcile their TransferWise multi-currency business… Read More

July 29, 2020 @ 9:59 am By Samantha Hurst  |  

Remitly, a U.S.-based online money transfer service, announced on Wednesday it secured $85 million through its latest investment round, which was led by Prosus’s PayU, at a $1.5 billion valuation. Generation Investment Management, Owl Rock Capital, Stripes, DN Capital, Top Tier, Princeville Global, and Threshold… Read More

June 12, 2020 @ 12:40 pm By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Thursday it was selected by Vodafone as a global partner in a program offering zero-fee international money transfers to Fiji. WorldRemit reported that through the partnership, it enables mobile customers in Australia,… Read More

June 4, 2020 @ 4:28 pm By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Thursday it has formed a new partnership with Saudi Arabia-based Al Rajhi Bank. MoneyGram revealed it joined forces with Al Rajhi Bank to provide money transfer services in Saudi Arabia and covers both digital as well… Read More

May 30, 2020 @ 10:34 pm By Omar Faridi  |  

UK-based Fintech TransferWise recently allowed users to set up direct debits in Australian dollars (AUD), in order to settle bills and pay for subscriptions across Australia – which can now be done directly from users’ TransferWise accounts. As confirmed by the money transfer service provider,… Read More

April 13, 2020 @ 7:30 pm By Omar Faridi  |  

Kristo Käärmann, co-founder and CEO at London-based TransferWise, a privately-held Fintech firm that allows individuals and businesses to send money abroad at affordable and transparent rates, revealed that 25% of the cross-border transfers facilitated by the firm are now instant. Earlier this month, the TransferWise… Read More

March 19, 2020 @ 5:10 pm By Samantha Hurst  |  

Ripple, a provider of enterprise blockchain solutions for payments, announced on Thursday it has formed a new partnership with Thailand-based digital cross-border money transfer fintech DeeMoney. Ripple reported that through the collaboration, DeeMoney’s platform is now processing live transactions.  Ripple further revealed that DeeMoney is… Read More

March 13, 2020 @ 8:12 am By Samantha Hurst  |  

Online payments company Skrill announced on Friday it is dropping all fees and foreign exchange charges for those using its Skill Money Transfer service to send funds to Italy. Along with the transfer fee drops, there will also be no charges for recipients in Italy…. Read More