SPOKO Boosts International Growth by Targeting UK Money Transfer Market
- 4 years 9 months ago
- Payments, Money Transfers
SPOKO, an app which offers instant international money transfers, is entering the UK market by targeting South Asian migrant workers looking to move money without the need for bank accounts and costly transfer payments, while also seeking partners to integrate its white label API service.
Global payments Paysend outmatching World Bank Covid forecasts
- 4 years 9 months ago
- Covid-19, Money Transfers
UK-based global FinTech firm Paysend today released figures showing the extensive growth of its Global Transfers service experienced during the coronavirus pandemic, countering the World Bank predictions in April that global money transfers would decrease by 20%.
TransferWise valuation jumps to $5bn in $319m secondary share sale
- 4 years 9 months ago
- Money Transfers
TransferWise today announces secondary sales amounting to a total of $319 million at a new valuation of $5 billion. This amounts to an uplift of 43% since May 2019. The round allowed shareholders and employees to sell some of their holdings to other new and existing investors. TransferWise continues to be profitable, cash generating, with a strong balance sheet, and is not raising any primary capital.
Report from Paysend shows 270 million women worldwide are excluded from day to day banking
- 4 years 10 months ago
- Money Transfers
• White paper released by FinTech firm Paysend, cites Infrastructure, cultural attitudes, and education as the main reasons why 270 million more women than men globally lack financial independence • Low income countries are particularly impacted by the gender imbalance in financial inclusion countries • Data from World Bank points to the importance of money transfers for women in poorer socio-economic situations
TransferGo reaches two million customers worldwide and launches in 11 new markets
- 4 years 11 months ago
- Money Transfers
TransferGo, one of the world’s fastest growing money transfer companies, today announced that its global customer base has surpassed two million and continues to grow by thousands each day. The company is also announcing that it has launched in 11 new markets, with the service now available in countries including Japan, New Zealand, Saudi Arabia, Singapore, and Ghana.
Genome is Waiving Service Fees for All Low-Risk Businesses as a Support Act During the COVID-19 Pandemic
- 5 years 2 weeks ago
- Covid-19, e-Payments, Money Transfers, Banking
Genome is an Electronic Money Institution, licensed by the National Bank of Lithuania, founded in 2018. Specializes in online financial services for personal and business needs: the opening of business, settlement and merchant accounts with dedicated IBAN’s, providing SEPA and SWIFT transfers with a possibility to do currency exchange and also payment processing via credit cards and all other alternative payment methods. The fintech company has... more
TransferGo and RDC Partner to Combat Financial Crime
- 5 years 2 weeks ago
- Security and Compliance, Money Transfers, Risk Management
TransferGo, one of the world’s fastest growing money transfer companies, today announced it is extending its partnership with RDC, the global leader in compliance screening. The three-year extension will see TransferGo utilise RDC’s next-generation customer screening technology to help combat financial crime ahead of their electronic money institution (EMI) licence activation this summer.
Paysend races to 1.5 million customers
- 5 years 2 months ago
- Money Transfers
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
Azimo and Ripple Partner to Deliver Faster, Cheaper Payments to the Philippines
- 5 years 2 months ago
- Transaction Banking, Money Transfers
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
WorldRemit Enters Global Remittance Partnership with Alipay
- 5 years 3 months ago
- Money Transfers
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.
Top five UK money transfer markets receive more than £10bn
- 5 years 4 months ago
- Money Transfers
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
Vodacom Tanzania and WorldRemit Launch Mobile Money Transfers to M-Pesa Accounts in Tanzania
- 5 years 5 months ago
- Money Transfers
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
International Digital Money Transfer Transactions to Reach 2 Billion by 2024
- 5 years 5 months ago
- Money Transfers
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.
Jan Siegmund Appointed to Western Union Board of Directors
- 5 years 5 months ago
- Money Transfers, People Moves
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.
Nium Partners with Visa to Provide Instant Money Transfers in Southeast Asia
- 5 years 6 months ago
- Payments, Money Transfers
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.
