Money Transfers

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 »

Open Banking? Let’s talk about the power of Open Finance

Industry experts laid out their vision for the future of fintech partnerships and what this means for consumers at a breakfast event hosted by Yolt, the smart thinking money app. Read more »

More than half of Brits use slang words for money, but less than a third know what the words actually mean

Money may be recognised as a universal language, but new research has found seven in 10 Brits (70 per cent) aren’t sure what the different slang terms for it actually mean. The research from money-sharing app Pingit revealed a further 59 per cent become confused over the denomination each slang term refers to, perhaps thanks to the more than 80 different words used to describe currency.   Read more »

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 »

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