Money Transfers

Western Union Teams Up with Thunes to Expand Payout Capabilities to Mobile Wallets

Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement, has teamed up with  Read more »

Gender bias in money transfers mean migrant women in the UK pay more than men to send money abroad

Fintech InstaReM, has revealed that migrant women in the UK, despite being the primary source of care for their families ‘back home’, pay up to 20% more than men to transfer money abroad. UK Migrant women are disproportionately employed in low income work, and often paid weekly, transfering money ‘little and often’ thereby incurring greater fees. Read more »

Western Union to Present at the Wolfe Research FinTech Forum

The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement, today announced that the company will present at the Wolfe Research FinTech Forum on March 13, 2019. The presentation will begin at 10:25 a.m. Eastern time and will include comments from Raj Agrawal, Executive Vice President and CFO. Read more »

Sberbank customers can transfer money from their cards using recipient phone number

Sberbank announces that a new partner has joined its instant transfer ecosystem.  Thanks to the partnership with international payment system WebMoney Transfer, clients can now make instant transfers from Sberbank cards to WebMoney purses and vice versa. Only the recipient’s phone number (which the card or purse is tied to) is needed to transfer money to a Sberbank card. Money is transferred instantly. Igor Manontov, Vice President of Sberbank... more Read more »

Western Union Digital Money Transfers Now Live in South Korea via kakaobank Mobile App

The Western Union Company, a leader in cross-border, cross-currency money movement, and  Read more »

International Payment Transfer Provider FlashFX Upgrades Additional Customer On-Boarding Security Through 4Stop's KYC and Anti-Fraud Solution

4Stop ("FourStop GmbH"), a leader in providing premium global KYC, compliance and anti-fraud technology, announces today they are live and operational within FlashFX's global payment transfer solution.  FourStop GmbH Read more »

PaySend revolutionising international money transfer with the launch of PaySendLink

Global payments disrupter Paysend, which has the only global card to card money transfer network, has launched another innovative service called PaySendLink. The new service means that consumers will need just the recipient’s mobile phone number to send money to somebody overseas. Read more »

Western Union Digital Expands in Asia: Mobile App Now Live in Singapore

The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement, has launched the  Read more »

Paysend signs with Vietcombank to bring money transfer revolution to Vietnam

Global payments disruptor PaySend which now has over 350,000 customers across Europe and beyond has signed a strategic partnership agreement with Vietcombank Remittance Company (VCBR), which dominates all inbound money transfers in Vietnam. This partnership will let people from anywhere in the world send money directly to any bank account, NAPAS card, Visa or MasterCard issued in Vietnam.  Read more »

Western Union and China’s JD Digits Join Forces for Global Digital Money Movement

The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement, and JD Digits, a leading digital technology company in China with 400 million individual customers, today entered into a strategic agreement to join forces to advance digital cross-border money movement and paymen Read more »

PayPal launches Xoom in Canada

Today, PayPal launched Xoom, its international money transfer service in Canada. Canadians can now use Xoom to send money, pay bills or reload phones fast to more than 130 countries internationally at competitive rates. Xoom’s increased presence in North America is a significant milestone and serves as another example of PayPal’s efforts to make the management and movement of money more accessible, secure, convenient and affordable. With this... more Read more »

Travelex research reveals an “immovable 24%” of consumers that refuse to go cashless

Travelex, the leading global foreign exchange and money transfer specialist, today released its study into attitudes towards cash and other payment technologies: Do we really want a cashless society? Read more »

YGGDRASH Partners with Blockchain Remittance Platform REMIIT

Third-generation trust-based multi-dimensional blockchain platform, YGGDRASH, has entered into a partnership with a blockchain powered open market remittance platform, REMIIT. At the signing ceremony, representatives from both companies met to share and discuss the technology, vision and direction between the two companies. In particular, they focused on the overseas remittance sector within the ecosystem of YGGDRASH.  Read more »

Western Union Expands with Online International Money Transfers in Malaysia

The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement, has launched online money transfers in Malaysia via the  Read more »

Should there be more competition among international money transfer providers?

The BBC reports today** that migrants to the UK send £8bn to family each year. UNESCO calculate that the average transaction fees applied to international money transfers amounts to 7% of the total transaction. That means a whopping £560 million is lost to transaction fees every year. When you also consider that 30% of that money is sent back to get younger family members through education, it's a huge loss to those that are often required to... more Read more »

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