Tagged: transfers

September 3, 2019 @ 8:39 pm By JD Alois  |  

InstaReM is out with a note regarding a report published by the Australian Competition & Consumer Commission (ACCC) on cross border payments/money transfers. Ther ACCC report notes that while most consumers continue to use the big four banks in Australia to move their money, Instarem… Read More

August 28, 2019 @ 7:34 am By JD Alois  |  

Money transfer Fintech Azimo says it has reached profitability, according to a release. Azimo apparently turned the corner in Q2 of this year. Azimo states that has grown 60% year over year as of the end of June. The growth was fueled in part by… Read More

August 12, 2019 @ 6:12 pm By JD Alois  |  

Popular money transfer service Venmo is polishing its money movement cred today. In a blog post, Venmo claims it will transfer your money in “minutes.” Venmo states: “This may sound familiar- and it is. Last year we launched Instant Transfer via debit card, allowing users… Read More

July 23, 2019 @ 2:25 am By Cali Haan  |  

SWIFT, the company behind the world’s largest electronic payments system, has executed cross-border payments between 7 corresponding countries -Australia, China, Canada, Luxembourg, The Netherlands, Singapore and Thailand- and Singapore, in less than 25 seconds. The trial integrated SWIFT’s gpi Instant network and Singapore’s domestic instant… Read More

July 7, 2019 @ 6:01 pm By Cali Haan  |  

African technology journalist Andile Masuku has written that corruption around remittances in Africa is so bad, “I have become numb to the daylight robbery that ensues whenever I receive money from abroad or send cash to my family back home.” Masuku cites figures from the World… Read More

June 2, 2019 @ 2:46 pm By JD Alois  |  

Frente Corretora de Câmbio, a Brazilian money transfer and remittance platform, wants to become the “Transferwise of Brazi” by leveraging Ripple to provide low-cost transfers. According to a report in Exame, Frente is the 15th largest currency brokerage in the country. Frente wants to be in… Read More

May 14, 2019 @ 9:54 am By JD Alois  |  

Paysend Group, an FCA licensed e-Money institution, is planning to issue a stablecoin in June. Paysend is using Stellar to provide the crypto that will allow its users to send instant global payments without the traditional cross-border fees. Paysend notes that Stellar was designed expressly… Read More

January 15, 2019 @ 10:35 am By JD Alois  |  

Brokerage TD Ameritrade has partnered up with Apple (NASDAQ:APPL) to provide a streamlined money transfer. As of today, individual investors may instantly transfer funds to their brokerage account via Apple Pay and Apple Business Chat using iMessages. In a release, TD Ameritrade explained that historically… Read More

December 14, 2018 @ 7:37 am By JD Alois  |  

London based Fintech TransferGo has closed on a Series B funding round in the amount of $17.5 million according to the company. The funding was led by Vostok Emerging Finance and Hard Yaka from Silicon Valley. Revo Capital, U-Start Club and Practica Capital also participated… Read More

December 10, 2018 @ 10:40 am By JD Alois  |  

Korea based Viva Republica, creator of the peer to peer money transfer service Toss, has raised $80 million led by some pretty big names. VCs Kleiner Perkins and Ribbit Capital led the funding round. The investment has delivered unicorn status for the Fintech as the… Read More

November 1, 2018 @ 10:48 pm By Leyla Mammadova  |  

Customers of Leopay have been left unable to access money stuck in their accounts after the Maltese authorities froze activities at a bank co-owned by the Leopay’s founder Christo Georgiev, the Financial Times reported. Clients of the London based payments and transfer firm started filling reports… Read More

September 18, 2018 @ 8:48 am By JD Alois  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, has integrated with WhatsApp – one of the most popular messaging services in the world. WorldRemit says that customers in over 145 countries may now receive WhatsApp notifications about their money transfers in real… Read More

September 12, 2018 @ 7:54 am By JD Alois  |  

Fintech Azimo, a European money transfer service, has has been added to the Sunday Times Hiscox Tech Track 100 list joining a prominent list of UK tech firms including some big names in Fintech. This is the first year for Azimo to be added to… Read More

August 13, 2018 @ 10:42 am By Samantha Hurst  |  

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

March 21, 2018 @ 7:47 am By JD Alois  |  

London based Opal Transfer has launched a new money transfer service between Italy and the UK. This is an extension of the existing product – money transfer service from the UK to Italy. Opal says it has one of the lowest cost transfer products on… Read More

November 3, 2017 @ 7:17 am By JD Alois  |  

Mobile first digital money transfer service WorldRemit has launched instant money transfers to Hungary. The new service lets anyone in over 50 countries send remittances directly to bank accounts in Hungary in a safe, quick and convenient way, using the WorldRemit app or website. WorldRemit’s digital model allows migrants… Read More

January 11, 2016 @ 10:30 am By JD Alois  |  

John Biggs, East Coast Editor of TechCrunch, says he is leaving the “best job I ever hard” to launch a Fintech startup. While Biggs is still listed as an Editor at TechCrunch and the stories continue to roll in, but the migration to entrepreneur is clearly under… Read More