Tagged: money transfer

Global Remittance Company TransferGo Forms New Partnership With Identity Verification Provider Onfido For Money Transfer Service

Identity verification provider Onfido has formed a partnership with global remittance company TransferGo to help verify the identities of TransferGo’s users.  TransferGo currently offers transfers between nearly 50 countries and recently claimed to be the first remittance company to offer a cryptocurrency trading facility with… Read More

MoneyGram Expands Digital Money Transfer Services in Five New Countries

MoneyGram (NASDAQ: MGI) recently announced it is extending its digital money transfer services in five new countries. According to MoneyGram, customers in Australia, the Netherlands, Belgium, Portugal, and Austria may now send money 24/7 directly to more than two billion bank accounts and mobile wallets or to any MoneyGram location in over 200 countries… Read More

TransferWise Launches Money Transfer Services in Hong Kong

Fintech unicorn, TransferWise, launched its money transfer services in Hong Kong last week. This news comes just a few weeks after the company launched the services in Argentina. As previously reported, TransferWise converts that money at a better rate and pays the transfer out using local pools… Read More

Opal Transfer Founder Gita Petkevica: Celebrating UK Fintech Platform’s 15th Year Anniversary with New App

The London-based fintech platform Opal Transfer is celebrating its 15 year anniversary with launch of new app offering ‘one click payments.’  Having reportedly transferred over £1.5 billion across Europe, Opal’s new app aims to give users access to one click payments making transfers quicker and easier. Currently Opal… Read More

TransferWise Forms New Partnership With French Banking Firm BPCE Groupe

Fintech unicorn TransferWise has formed a new partnership with France’s second-largest bank firm, BPCE Groupe. The launch of the new collaboration comes less than two months after TransferWise debuted its new borderless and fee free, multi-country, bank accounts and debit cards. According to TechCrunch, as… Read More

Western Union Continues UK Expansion: Retailer Debenhams to Now Offer Western Union Global Money Transfer

Western Union announced on Monday that retailer Debenhams will help it expand into the UK by now offering global money transfer to more than 200 countries and territories from 112 stores nationwide with travel money bureaux. According to Western Union, customers will have the choice to… Read More

BNP Paribas Deploys Mobile Pay-to-Person Payment Service “Paylib Between Friends”

BNP Paribas, the global Top-10 bank headquartered in France, announced on Wednesday it is set to compete against other money transfer services such as PayPal, Venmo, and Lydia by deploying its new mobile payment solution, Paylib Between Friends. According to BNP Paribas, Paylib is described as a person-to-person… Read More

Walmart Launches Global Money Transfer Service “Walmart2World”

On Tuesday, retail giant Walmart announced the launch of its new global wire service, Walmart2World. The company revealed that four years ago it changed the “money transfer game” with the introduction of Walmart2Walmart, which is a domestic money transfer service that offered lower cost, which… Read More

Techstars Alum SimbaPay Launches Pan-Africa Remittances AI Chatbot

SimbaPay, a London-based digital money transfer provider, announced last week it has launched an AI (Artificial Intelligence) powered chatbot service which now makes International Money Transfer (remittance) possible with only an SMS. According to SimbaPay, the new chatbot will also enable 24/7 instant customer service for… Read More

Pangea Money Transfer Unveils Fee Reduction for U.S.-to-India Remittances

Pangea Money Transfer, a mobile-centric remittance platform for sending money from the U.S. to 15 countries across Asia and Latin America, announced on Wednesday it has dropped its flat-rate money transfer fee for senders to India by more than 20% from $4.99 down to $3.95…. Read More

InstaReM Launches Zero-Margin FX Rate Overseas Money Transfer Service from EU

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Thursday it has extended its outbound money transfer operations to another important market, the European Union (EU). ), Prajit Nanu, the co-founder of the fintech start-up, revealed the exciting news at the Money20/20 Asia 2018… Read More

Sentbe Collaborates With TransferTo to Expedite Money Transfers From South Korea

Sentbe, a digital money transfer operator in South Korea, announced this week it has teamed up with TransferTo, a global cross-border mobile payments network for emerging markets to offer its customers greater flexibility and reach to perform real-time money transfers from South Korea to more than 60 countries across… Read More

London Fintech Opal Transfer Announces New Money Transfer Service Between Ukraine & Poland

Earlier this week, London-based fintech Opal Transfer announced it is launching a new money transfer service between Ukraine and Poland. Incorporated in 2003, Opal Transfer specializes in foreign exchange money transfers to and from Eastern Europe, Latvia, Lithuania, Estonia, Poland, Bulgaria, Slovakia and Czech Republic. The… Read More

WorldRemit Launches Digital Money Transfers to South Korea

Digital money transfer service WorldRemit announced on Sunday it has expanded its remittance service to South Korea. WorldRemit stated that its mobile-first, digital model allows hard-working migrants to send money to South Korea in a few taps, directly from their phones or through the WorldRemit website without the need to visit… Read More

WorldRemit Expands Partnership With Wafacash to Offer Instant Money Transfer Across West & Central Africa

Digital money transfer company WorldRemit announced on Friday it has expanded its partnership with Wafacash, a subsidiary of Attijariwafa Bank, to offer instant money transfer services across west and central Africa. According to WorldRemit, the companies already work together in Morocco and Senegal but will expand into… Read More

Digital Financial Services P2P Cash Launches Money Transfer Service in Nigeria

Digital financial service company, P2P Cash, announced on Friday it has launched a new money transfer service from George and South Carolina to Nigeria. The company reported that it now offers cross-border money transfer without any fees. P2P Cash, which is a division of software… Read More

Into the Black: TransferWise Celebrates Operational Profitability

UK Fintech TransferWise has reached operational profitability six years after launch, according to a release. The Estonia-founded, London-based currency exchange startup indicated that it is currently amassing £8 million a month in revenue and is on target to reach £100 million for 2017. “To have hit… Read More

TransferWise Goes Big. Sets up Office in Singapore for Asian Expansion & Global Domination

Transferwise is a great service. I know it is great because I am a customer. Awhile back I reached out to my bank (big, multinational, global brand name with a storied history) and told them I needed to quickly transfer some money to an international… Read More

TransferWise Integrates Money Transfer Bot With Facebook Messenger

Global peer-to-peer lending platform TransferWise announced earlier this week it has integrated its money transfer service, TransferWise Bot, with Facebook Messenger. The online lender revealed that customers may now send money and set up rate alerts without having to leave the Facebook Messenger app. TransferWise reported that users… Read More

WorldRemit Announces Tanzania Expansion & Hits 10,000 Unique Transactions Per Month Milestone

Digital money transfer service, WorldRemit, announced on Monday it is consolidating its expansion into Tanzania and also stated it hit a new record of 10,000 transactions completed in the month of December 2016 alone. The company also reported 150% YoY growth in 2016, driven primarily by the rapid expansion… Read More