Tagged: transfers

RemitONE and Vyne Partner on Transfers

Global remittances firm RemitONE and Vyne, a payments platform, have partnered up on money transfers. According to a release, the partnership delivers 100+ remittance clients instant access to Vyne’s payment solution, to send remittances globally. Vyne uses Open Banking to move money in real-time between… Read More

Soldo Closes Record $180 Million Series C Funding Round

Solda has raised $180 million in a Series C funding round led by Singapore-based Temasek. The European pay and spend automation platform reports that the investment round is the largest in its category to date. The funding round included new investors Sunley House Capital, Advent… Read More

OneFor Launches Pan-European Payments & Transfers Platform: Promises Cheaper, Faster, Safer Solution

OneFor, a Germany-based Fintech that is looking to disrupt incumbents in the payments and transfer sector, has announced the launch of its “borderless” service. OneFor promises to offer customers, cheaper, faster, and safer payments and transfers across Europe. According to a release, OneFor facilitates transfers… Read More

Crypto.com Now Enabling Cosmos’ Inter-Blockchain Communication Functionality for Cross-Chain Transfers

Hong Kong-based Crypto.com announced on Thursday it is now enabling Cosmos’ Inter-Blockchain Communication (IBC) functionality for cross-chain transfers. According to Crypto.com, According to the duo, this integration creates new capabilities for future cross-chain implementations of the Crypto.org Chain and other IBC-enabled chains.  “The integration allows for… Read More

Azimo Launches Money Transfer Service with HBL in Pakistan

Azimo, a digital money transfer service, has announced the launch of a money transfer service to Pakistan in partnership with HBL, Pakistan’s largest commercial bank. The new service will allow Pakistanis living in the UK, Europe and Australia to send money in minutes, according to… Read More

Paysend Reports Record Users on December 30th

Paysend is reporting record active users in a single day on December 30, 2020. According to the UK based Fintech, over 35,000 users completed 45,000 transfers on that day. Paysend touts the fact that the majority of transactions take 15 seconds or less to complete… Read More

IMF Managing Director Outlines the 4 Cornerstones of Digital Payments

Speaking at the Singapore Fintech Festival that is taking place all of this week, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) outlined her expectations for payments in our digital age. Georgieva highlighted the four cornerstones of digital payments – a sector of… Read More

Bank of England Speech Notes that Cross Border – Faster Payments May Include DLT

A speech delivered today by Victoria Cleland, Executive Director, Banking, Payments, and Innovation at the Bank of England, tackled the topic of faster payments and cross-border transfers. Cleland highlighted the three-stage process to advance cross border payments being pursued at the international level and then… Read More

Transferwise is Saving US Customers Lots of Money Compared to Other Fintechs (and Banks)

Transferwise, a UK based Fintech that has gone global, has distributed a note promoting the savings it can generate for US customers. Transferwise is a Fintech that allows you to quickly and inexpensively transfer money anywhere – minus hidden fees and silly exchange rates. The… Read More

Transferwise Books 4th Year of Profitability, Serves Over 8 Million Individuals, Processing £67 Billion in Fiscal Year

Transferwise, a Fintech unicorn and fast-growing stealth bank, has published its annual report for the fiscal year ending March 2020. According to the document, Transferwise’s annual profit more than doubled to £20.4 million during the year – the fourth year in a row that the… Read More

Currencycloud and Tribe Payments Collaborate on Banking as a Service Product

Currencycloud and Tribe Payments are partnering on a new “Banking-as-a-Service” solution for Fintechs and digital banks, according to a note from the company. Currencycloud is a global, multi-currency account provider where customers are able to collect, convert, pay, and manage multiple currencies, anywhere in the… Read More

Remitly Raises $85 Million at $1.5 Billion Valuation as Business Booms During COVID

Remitly, a Fintech providing transfers targeting the immigrant community, has raised $85 million at a $1.5 billion valuation. Remitly said its business is booming during the COVID-19 pandemic. FT Partners served as the financial advisor to Remitly on this transaction with existing investor PayU leading… Read More

North Loop Bank Integrates Transferwise to Facilitate Money Transfers

North Loop Bank, a Fintech providing “borderless banking,” has integrated Transferwise‘s service to facilitate speedy and inexpensive money transfers at the actual exchange rate. As you should know by now, many traditional financial services firms gouge customers when transferring money. Beyond excessive fees, some firms… Read More

Global Money Transfer Provider Azimo Offers Zero Fee Remittances for Migrant Workers

Global money transfer service Azimo will offer a fee-free transfer to all customers on June 16, the UN’s International Day of Family Remittances. The move is following the call by the United Nations for a zero fee remittances day. The goal is to raise awareness… Read More

Fiat and Crypto Payments Platform Wirex Applies for Singapore License

Wirex, a payments platform, reports that it is working closely with the Monetary Authority of Singapore (MAS) in order to acquire a license under the new Payments Services Act. The license will allow Wirex to continue to provide services in Singapore, including enabling users the… Read More

Fintech MoneyGram Partners with Federal Bank in India

MoneyGram Payment Systems, Inc., a subsidiary of MoneyGram International, Inc. (NASDAQ: MGI), has entered into a partnership with the Federal Bank Limited – a private bank in India. MoneyGram is a global payments and transfer Fintech. The collaboration will see MoneyGram services made available for… Read More

Independent Payment App Mezu Reports Surge in Downloads, Looks to Compete with PayPal, Zelle etc.

    Mezu is a mobile payment app that allows sending and receiving money free, instantaneously, and privately. The app is available for download in both the App Store and Google Play. On the privacy side, Mezu says it uses encrypted transaction codes to execute… Read More

World Bank: Global Remittances Tank as COVID-19 Hammers Transfers

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

WorldRemit Donates £400,000 of Vouchers for NHS workers for Money Transfers

Transfer Platform Sees Uptick in Users During Month of March WorldRemit, a global payments and money transfer platform, is donating £400,000 worth of vouchers for money transfers to NHS workers. According to WorldRemit, the move is to thank the health service workers during the COVID-19… Read More

Scam Warning: Zelle VP for Fraud Risk Prevention Shares Insight into Digital Traps Attempting to Harm Consumers

Yesterday (April 8, 2020), the US Department of Homeland Security issued an alert – warning consumers about COVID-19 related scams. The joint statement actually included the Infrastructure Security Agency (CISA) and the United Kingdom’s National Cyber Security Centre (NCSC) due to the depth of the… Read More

Send this to a friend