Tagged: remittance

September 10, 2020 @ 8:24 am By Omar Faridi  |  

Prominent digital bank Revolut has reportedly launched services in Japan, as it continues to move forward with its ambitious global expansion plans. The Fintech Unicorn had first acquired a license to offer services in the country back in 2018. Revolut’s management confirmed that its services… Read More

August 25, 2020 @ 2:14 pm By Samantha Hurst  |  

Global cross-border payments company WorldRemit announced on Tuesday it has agreed to acquire Sendwave, an app-based remittance company. According to WorldRemit, Sendwave has built a leading and rapidly growing digital remittance service to East and West Africa, and this summer added Bangladesh, which is its… Read More

April 22, 2020 @ 9:00 am By JD Alois  |  

The World Bank says that global remittances have sunk a whopping 20% in 2020 due to the COVID-19 crisis. The projected fall is the sharpest decline in recent history. The cause is due to the rapid decline in wages and employment of migrant works that… Read More

February 26, 2020 @ 10:48 am By Samantha Hurst  |  

Ripple, a provider of enterprise blockchain solutions for payments, announced on Wednesday it has formed a new partnership with European digital money transfer service, Azimo. According to Ripple, Azimo has launched with Ripple’s On-Demand Liquidity (ODL) service as part of its remittance capabilities in The… Read More

January 27, 2020 @ 12:16 pm By Samantha Hurst  |  

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

January 23, 2020 @ 3:14 pm By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Wednesday it has formed a new global remittance partnership with Alipay. According to WorldRemit, the collaboration will enable consumers to use the WorldRemit app or website for cross-border remittances to the Alipay… Read More

June 26, 2019 @ 3:03 pm By Samantha Hurst  |  

Cathio Inc. (Cathio), an organization that was founded specifically to reform the transfer of money and resources in the Catholic economy by applying technology to offer an easy-to-use payment solution that responds to the needs of the Catholic community, nonprofits and institutions, announced on Wednesday… Read More

December 10, 2018 @ 1:24 pm By Samantha Hurst  |  

London-based fintech TransferGo has successfully secured its initial €11.1 million funding target through its equity crowdfunding campaign on Seedrs. The round, which was launched at the end of October, sought to originally raise €11.5 million but has since changed the round’s minimum goal to €11.1. As previously… Read More

November 27, 2018 @ 7:57 am By Erin Hobey  |  

Last month TransferGo launched its crowdfunding campaign to give its customers an opportunity to be a part of the fintecher’s journey: “We received a lot of organic demand for [crowdfunding] and this is the perfect timing,” TransferGo Founder and CEO Daumantas Dvilinskas shared with Crowdfund Insider… Read More

October 29, 2018 @ 8:21 am By Samantha Hurst  |  

London-based fintech TransferGo is now seeking €11.5 million through a funding round on equity crowdfunding platform Seedrs.   As previously reported, TransferGo currently offers transfers between nearly 50 countries and recently claimed to be the first remittance company to offer a cryptocurrency trading facility with customers… Read More

July 27, 2018 @ 3:54 pm By JD Alois  |  

TransferGo has added cryptocurrency trading to its platform succumbing to user demand.  The London based Fintech says it is the first remittance company in the world to offer a cryptocurrency trading facility. TransferGo is starting with executing trades of Bitcoin, Bitcoin Cash, Ethereum, Ripple and… Read More

March 27, 2018 @ 3:54 pm By Samantha Hurst  |  

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

April 30, 2017 @ 9:35 am By JD Alois  |  

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