Tagged: money transfer

U.S. Money Transfer Service Remitly Secures $85 Million Though Latest Funding Round Led By Prosus’ PayU

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

WorldRemit Teams up With Vodafone to Offer Zero-Fee International Money Transfers to Fiji 

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

MoneyGram Announces Collaboration With Saudi Arabia’s Al Rajhi Bank

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

UK Fintech TransferWise Enables Australian Dollar (AUD) Direct Debits, Introduces “Pay with TransferWise” with Xero

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

Fintech TransferWise Reveals that 25% of its Cross-Border Money Transfers Are Now Near-Instant, Arriving in Less than 20 Seconds

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

Ripple Teams Up With DeeMoney For Cross-Border Money Transfers

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

Online Payments Company Skrill Now Offering Free Money Transfer to Italy During the COVID-19 Outbreak

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

Online Money Transfer Service Remitly Joins Forces With Alipay to Offer International Remittances

Remitly, a U.S.-based online money transfer service, announced on Monday it has teamed up with Alipay to enable Remitly customers to send money from their smartphone or computer, and for funds to be received within the Alipay app. The company is claiming to be the… Read More

MoneyGram Announces New Partnership With Non-Banking Finance Group LuLu Money

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Tuesday it has formed a new partnership with LuLu Money, a non-banking finance group that specializes primarily in foreign exchange and global money transfers.  MoneyGram reported that through the partnership LuLu Money will utilize the MoneyGram… Read More

MoneyGram Teams Up With Brightwell to Simplify Money Transfers For Cruise Ship Workers

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Wednesday it has teamed up with fintech Brightwell to enable cruise line crew members to digital send their money home using MoneyGram within the Brightwell app. The duo revealed: “The MoneyGram-Brightwell partnership gives crew members an… Read More

Metropolitan Commercial Bank Announces New Partnership With MoneyGram

Metropolitan Bank Holding Corp. (NYSE: MCB), the holding company for Metropolitan Commercial Bank, recently announced it has formed a partnership with global provider of money transfer services MoneyGram (NASDAQ: MGI) to launch a new debit card deposit service designed to simplify deposit, withdrawal and exchange… Read More

WorldRemit Secures $175 Million Through Series D Funding Round Led By TCV, Accel, & LeapFrog Investments

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Monday it secured $175 million through its Series D funding round, which was led by existing investors TCV, Accel and Leapfrog Investments. Founded in 2010, WorldRemit describes itself as a global lead-in… Read More

WorldRemit Forms Partnership With MCB Bank For Digital Money Transfer to Pakistan

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Tuesday it has joined forces with MCB Bank (MCB) for digital money transfers to Pakistan. WorldRemit reported that transactions to Pakistan through its website and app grew by 75% in 2018, driven by… Read More

Remitly Expands International Money Transfer Service to France

U.S.-based independent mobile remittance company Remitly announced on Thursday it has launched its international money transfer service in France. Customers may now access the Remitly service through its mobile app or website and benefit from a variety of secure and convenient money sending and receiving… Read More

MoneyGram Announces Platform Integration With KyckGlobal to Provide Money Transfer Services For Gig Economy Workers

Digital money transfer service MoneyGram (NASDAQ: MGI) announced last week it has teamed up with fintech KyckGlobal to better serve the large and growing population of gig economy workers in the U.S. by offering cash payments receivables for their work. While sharing details about the… Read More

Global Payments Platform Paysend Reaches 500,000 Customers & Introduces Money Transfer Services to Bank Accounts in More Than 30 European Countries

PaySend, a UK-based global payments platform, announced earlier this week it now has more than 500,000 customers. The company also introduced money transfer services to more than 30 European countries.   As previously reported, PaySend was founded in 2015 and describes itself as a UK fintech company… Read More

Global Payments Platform PaySend Launches New Service PaySendLink

PaySend, a UK-based global payments platform, has launched a new service, PaySendLink, which allows consumers to send money internationally using just the recipient’s mobile phone number. As previously reported, PaySend was founded in 2015 and describes itself as a UK fintech company and payments disruptor on a… Read More

PayPal Milestone: Payment Platform Surpasses 250 Million Active Accounts

PayPal announced earlier this week it recently surpassed 250 million in the total number of active accounts on its global payments platform. The payments giant reported that this is a very important milestone for its company, and a key marker on its journey to fulfill its… Read More

WorldRemit Launches Digital Money Transfer Services Within Africa

International money transfer service WorldRemit announced on Tuesday it is launching a new digital service within Africa. According to WorldRemit, the service will make it easier to send and receive money across the continent and will also reduce the cost of sending money across borders. WorldRemit… Read More

Fintech Payment Firm LumoXchange Extends Money Transfer Marketplace With Launch in the Philippines

LumoXchange, U.S.-based fintech payments company, announced on Monday the launch of its money transfer service to the Philippines. The company reported it has built a platform that allows users to compare exchange rate offers from the leading banks in the Philippines and send money. Users… Read More

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