Money Transfers

Paysend races to 1.5 million customers

International money transfer start-up reaches the 1.5 million customer milestone with over 3,000 new users every day. UK-based fintech Paysend announced that their Global Transfers service has reached 1.5 million customers, despite only having been founded in April 2017. With roughly 300 million people globally sending money across borders on a regular basis, Paysend’s user base represents a significant market share, and indicates the high rate... more Read more »

Azimo and Ripple Partner to Deliver Faster, Cheaper Payments to the Philippines

Azimo, Europe’s leading digital money transfer service, announced today that it has partnered with Ripple, the enterprise blockchain solution for global payments.  Azimo has launched its first service using Ripple’s On-Demand Liquidity solution (ODL) to send faster and cheaper cross-border payments to the Philippines, with plans to expand to more markets in 2020. The Philippines is one of the top remittance destinations globally, receiving $34... more Read more »

WorldRemit Enters Global Remittance Partnership with Alipay

WorldRemit has announced a partnership with Alipay, enabling consumers to use the WorldRemit app or website for cross-border remittances to the Alipay app, bringing more convenient and inclusive transfer services to users around the world. “Our vision is to build a mobile-first, international payments service and we’re excited to work with Alipay as a partner,” said Tamer El-Emary, Chief Commercial Officer, WorldRemit. “The partnership will... more Read more »

Top five UK money transfer markets receive more than £10bn

New analysis reveals the top five money transfer markets for UK residents that account for nearly one third of the total sent home New analysis by Paysend, the UK based fintech, reveals that just five markets account for nearly one third of the total money transferred home from the UK. Paysend analysed the latest data from the World Bank. It shows that foreign workers, international students and expats in the UK send money to more than 130... more Read more »

Vodacom Tanzania and WorldRemit Launch Mobile Money Transfers to M-Pesa Accounts in Tanzania

Leading digital money transfer service WorldRemit has partnered with Vodacom Tanzania to enable nine million M-Pesa customers to receive money directly to their M-Pesa wallets from friends and family living abroad. The new service increases convenience for money transfer recipients in urban and rural areas of Tanzania as they can receive international money transfers directly to their phones, without the need for a bank account or internet... more Read more »

International Digital Money Transfer Transactions to Reach 2 Billion by 2024

A new study from Juniper Research has found that global international digital money transfer transaction volume will reach 2 billion by 2024; up from 1.1 billion in 2019. Read more »

Jan Siegmund Appointed to Western Union Board of Directors

The Western Union Company, a leader in cross-border, cross-currency money movement and payment services, today announced that Jan Siegmund has been appointed to the Company’s Board of Directors, effective December 4, 2019. Mr. Siegmund will also serve on the Audit Committee of the Board. Read more »

Nium Partners with Visa to Provide Instant Money Transfers in Southeast Asia

Nium, a fast-growing digital cross-border payments platform, is enabling users to make real-time money transfers to Visa debit cardholders across Southeast Asia powered by Visa’s real-time[1] push payments solution - Visa Direct. Read more »

TransferGo Strengthens Leadership Team and Launches in New Markets Following Record Year for Growth

TransferGo, one of the world’s fastest growing money transfer companies, has today announced that it has now completed over five million transactions, with its user base continuing to grow in the thousands each day. To support this rapid growth, the remittance company has made four senior hires from some of the biggest names in the technology and financial services sector like PayPal and Santander and launched its service in four new markets... more Read more »

Fintech Companies Could Help UK Migrant Workers Send an Additional £520M Back Home When Transferring Money

Fintechs could save migrant workers a combined £520m when moving money from the UK to emerging economies, according to new analysis by UK fintech Paysend. Each year, migrant workers in the UK send £8bn back home.  While the average global transaction fee is currently 7% of the money transferred, the fintech average is already well below 2%. Combined, these savings mean migrant workers in the UK could send up to £520m more back home each year if... more Read more »

TransferGo becomes first to offer same day international money transfers on the weekend

TransferGo, one of the world’s fastest growing money transfer companies, today announced that it has launched an ‘extended hours’ service, enabling customers to make same-day international payments on weekends, with transactions taking as little as 30 minutes. Both its Today and Now services will become available during the weekend, between 10:00 and 18:00. An industry first, the extended hours service will enable people to send money to Romania... more Read more »

WorldRemit enables remittance receivers to manage their money on their phones

Leading online money transfer service WorldRemit (https://www.WorldRemit.com/en) is introducing new app features to make it easier for remittance recipients in several countries, including Cameroon, to manage funds sent from loved ones overseas. Remittance receivers in several countries, including Cameroon, can now create and access a remote WorldRemit account to: Read more »

InstaReM signs Thailand’s KASIKORNBANK

InstaReM, a leading digital cross-border money transfer company with a global presence,has announced that it will now power cross-border payments for the clients of KASIKORNBANK(KBank), Thailand’s leading banking group, across select markets. InstaReM already powers payments for three of the top ten Southeast Asian Banksand leading financial institutions across the globe. This partnership with KASIKORNBANKhelps InstaReM further entrench itself... more Read more »

TransferGo reaches 1,000,000 customer milestone

TransferGo, one of the world’s fastest growing money transfer companies, today announced that its global customer base has surpassed one million and continues to grow by more than 2,000 new users each day. This landmark follows a $3.4 million investment from Seventure Partners, one of the European leaders in venture capital. Read more »

Ripple Partners with Ria Money Transfer to Power Instant Global Payments

Ria Money Transfer, a subsidiary of Euronet Worldwide, has joined RippleNet to enable instant, blockchain-powered global payments. With customers in over 155 countries, more than 377,000 locations worldwide, and $40 billion in money transfer volume per year, Ria is one of the largest payment service providers in the world. Read more »

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