Tagged: transfers

January 7, 2025 @ 9:46 am By JD Alois  |  

Global Fintech Wise (LSE:WISE)says it wants to boost the utilization of its services in North America as well as Brazil and the EMEA [Europe, the Middle East and Africa]. Best known for its near instantaneous transfer and payments platform, Wise also offers multiple neobanking services…. Read More

December 17, 2024 @ 11:00 am By JD Alois  |  

Morgan Stanley (NYSE:MS) has decided to partner with Wise (LSE:WISE) to improve international transfers. Wise is a UK-based Fintech or neobank that started as a low-cost provider of payments and transfers and now offers additional banking features. Morgan Stanley is a prominent investment bank and… Read More

November 21, 2024 @ 7:33 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has announced final rules for non-bank digital payments and transfers. The payments sector of Fintech is one of the hottest segments of innovation, as users have quickly adopted digital wallets and more efficient payment methods. The CFPB’s move is… Read More

November 12, 2024 @ 8:23 pm By Omar Faridi  |  

Thunes, which claims to be the Smart Superhighway to move money around the world, today welcomed Papara, Turkey’s fintech company, as a Member of its Direct Global Network, and allies to facilitate cross-border payments to and from Türkiye. This empowers Papara clients in Turkey, allowing… Read More

September 4, 2024 @ 12:17 pm By JD Alois  |  

The UK Payment Systems Regulator (PSR) has updated the status of APP scam protections. APP scams incorporate digital fraud, where users of financial or transactional Apps send money to bogus sites or fraudsters.  The PSR says that in 2023, there were over 250,000 cases of… Read More

August 29, 2024 @ 11:35 am By JD Alois  |  

dLocal and Grey have announced a partnership to pursue payments and transfers in emerging markets. Grey is a US start-up focused on providing global cross-border payments across the US, UK, Europe, Asia, and Africa. dLocal targets connecting merchants with consumers in Africa, Asia and Latin… Read More

August 5, 2024 @ 12:32 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced a consultation on transfers to the People’s Republic of China (PRC), including the current suspension of “non-specified channels.” The suspension, pertaining mostly to PRC nationals working in Singapore, is in regard to accounts and funds that were… Read More

June 27, 2024 @ 5:25 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has revealed a partnership with global e-commerce enabler Stripe.  According to a blog post on Coinbase, Stripe will now support Base – a level II Ethereum-based network incubated by Coinbase and open source. Coinbase describes Base as their “all in” commitment to onchain,… Read More

May 3, 2024 @ 9:11 am By JD Alois  |  

TransferGo, and Tink have announced a partnership to enable international transfers and payments call Pay by Bank. Owned by Visa, Tink is a payments and transfers Fintech that is connected to over 6000 banks. Founded in Sweden, the company also provides banking and lending solutions…. Read More

April 19, 2024 @ 6:45 am By Omar Faridi  |  

UK-based Fintech Wise (LSE:WISE) has shared key updates from January-March 2024. The Wise Q1 2024 update has released important highlights for the Fintech platform. Here’s a few highlights: Wise says it helped customers “save an estimated £447,518, 882 in Q1.” Wise further claims that it… Read More

March 28, 2024 @ 11:08 am By JD Alois  |  

Yesterday, CI reported on a new circular issued by the US Consumer Financial Protection Bureau (CFPB) warning international transfer firms to stop adding “junk fees” to the transfers and demanding greater transparency in the process. Misinformation in the industry is frequent, and some providers abuse… Read More

March 27, 2024 @ 5:09 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) is now targeting international money transfers and “junk fees” that may be saddled upon users. The CFPB issued a warning to firms that provide these services regarding allegations of false claims and misinformation about the cost of transfers and… Read More

March 27, 2024 @ 11:36 am By JD Alois  |  

Currencycloud says it has signed a global expansion deal with transfer Fintech Paysend. The agreement is said to enable Currencycloud to expand its reach in providing its services. Currencycloud will also be supporting Paysend on the launch of new consumer-facing products during 2024. Paysend is… Read More

February 18, 2024 @ 6:23 pm By Michael Wong  |  

Overseas Filipinos (OFs) sent home a record $3.6 billion in personal remittances in December 2023, marking a 3.9 percent increase from the $3.5 billion reported in the same month in 2022, according to data released by the Bangko Sentral ng Pilipinas, the central bank of… Read More

February 14, 2024 @ 9:00 am By JD Alois  |  

FIS (NYSE:FIS) has announced a partnership with Banked to offer a new “pay by bank” solution for both consumers and businesses. Banked, enables consumers to pay directly using their bank without entering any financial data. Last year, FIS became one of the first Fintechs to… Read More

February 7, 2024 @ 7:57 am By Omar Faridi  |  

UK fintech Atlantic Money is set to offer its fixed-fee money transfers across additional major markets. Within 1.5 years of launching in the UK, Atlantic Money has “met relevant requirements to offer its services in the United States, Canada and Australia.” Users will be able… Read More

February 6, 2024 @ 10:56 am By JD Alois  |  

Institutional digital asset firm Fireblocks says it has added support for five new fiat currencies with plans to add 25 more in the coming months. Fireblocks as added support for the Euro (EUR), Swiss Franc (CHF), British Pound (GBP), Singapore Dollar (SGD), and Japanese Yen… Read More

January 9, 2024 @ 2:37 pm By JD Alois  |  

X, formerly doing business as Twitter, has announced it will launch peer-to-peer payments in 2024 fulfilling an already revealed goal of the platform. In a blog post, X outlined its accomplishments and changes since Elon Musk took over the faltering social media platform.  X said… Read More

December 3, 2023 @ 10:48 pm By Michael Wong  |  

Paysend, a London-based fintech company specializing in international money transfers for both consumers and businesses, has announced a substantial $65 million funding boost in its latest round. This round was backed by influential brands, including Mastercard and TelevisaUnivision, and sees continued support from existing investors… Read More

October 9, 2023 @ 8:50 am By JD Alois  |  

A crypto firm based in Switzerland says demand is increasing for crypto products, including blockchain technology and affiliated products. According to XEROF, in a report covering the first 6 months of 2023, transaction service demand has experienced “extreme growth” in volumes, specifically for crypto to… Read More