Global Technology Partners and MFS Africa Agree to Extend Financial Penetration Across Africa
- 3 years 6 months ago
- Payments, Money Transfers
Global Technology Partners (GTP) and MFS Africa have entered into an agreement to deepen financial penetration across the African continent. MFS Africa will leverage on GTP’s prepaid platform and Pan African network of BIN sponsors to launch virtual and physical prepaid / companion cards to over 100 million mobile wallet owners.
Quote on NPCI Data on Fall in Digital Payment Transactions
- 3 years 6 months ago
- e-Payments, Money Transfers
Digital payment transactions fall sharply between April and May after sustaining a rising trend till March, hit by the second wave of COVID-19 pandemic, according to the National Payments Corporation of India (NPCI) data.
Wise Brings Pioneering International Money Transfer Service to India
- 3 years 6 months ago
- Money Transfers
Wise, a global technology company building the best way to move and manage money internationally, announced the launch of its low-cost and fast international money transfers from India today. With this launch, Indians will be able to send money from the country to 44 countries globally, including the UK, US, Singapore, Malaysia, UAE, and countries in the Eurozone. The service is available across Android, iOS, and the web. At launch, Wise’s... more
Commerzbank and Partners Execute Live Transactions on the ‘Marco Polo’ Trade Finance Network
- 3 years 6 months ago
- Payments, Money Transfers, Banking
● Commerzbank successfully executed two live transactions to secure payments for commercial transactions based on blockchain technology ● Key milestone for the market launch of Marco Polo Payment Commitment
Zopa Rolls out Test and Learn Approach to Ensure Sustainable Working Future
- 3 years 6 months ago
- Payments, Money Transfers, Banking
Neobank Zopa has outlined its approach to defining the future of work. With some organisations declaring an end to office-based working and others retrenching to the ‘known’ model by asking staff to return, Zopa is applying a test and learn approach for the rest of 2021. The neobank which has around 450 staff, has announced its trial to staff in order to work collaboratively with them to define ways of working in the post-Covid future.
Worldline to Partner with Luminor to Operate and Upgrade its ATM Network
- 3 years 6 months ago
- Payments, Money Transfers
Luminor Bank, the third largest financial services provider in the Baltics and Worldline (Euronext: WLN), European leader in the payments and transactional services industry and #4 player worldwide have signed a five-year agreement under which Worldline will unify and upgrade Luminor’s current ATM network. Partnering with Worldline will allow Luminor to offer a more customer-friendly and newer ATM network for its customers.
Paysend Secures $125m in Series B Funding to Accelerate Expansion of its Global Payments Platform
- 3 years 6 months ago
- Payments, Money Transfers
Paysend, the card-to-card pioneer and international payments platform, has closed a Series B funding round of $125m, led by One Peak, with participation from Infravia Growth Capital, Hermes GPE Innovation Fund, and existing long-term investors including Silicon Valley based Plug and Play. The funding will help Paysend expand its international footprint and speed up product innovation, enabling it to further accelerate its impressive growth... more
#MAKEMONEYEQUAL Campaign Urges Change to The Way Women are Pictured with money
- 3 years 6 months ago
- Money Transfers, Credit Cards
There are stark inequalities in how women and men are represented with money in visual media, according to a new report from Brunel University and Starling Bank. In a study of 600 of the most popular photographs of women/men and finance1 across three leading image libraries, women are frequently depicted as childlike compared to men, while many types of women are not shown at all. A Google image search found each of these images appears on up... more
Fintech Spoko.app and Sumsub Provide Money Transfers with Liveness Technology
- 3 years 6 months ago
- Digital Identity, Money Transfers
Instant money transfers company, fintech Spoko.app, announced their partnership with Sumsub, an ID verification company with bank-grade security. Through this partnership, Spoko.app will fortify fraud protection and reduce user verification time down to one minute - all in efforts to support the 1,7 billion adults worldwide with no access to bank accounts.
QR Code Payments to Hit $2.7T Value by 2025, China to Generate 85% of All Transactions
- 3 years 7 months ago
- Payments, Money Transfers
Over the years, QR code payments have witnessed impressive but fragmented global growth, with significant transaction value differences between the regions. Their ability to combine payments and loyalty makes them ideal for retailers seeking to leverage valuable transactional data, while their low-cost nature is expected to drive growth in the years to come.
Digital Commerce Spend to Exceed $11.6 Trillion in 2021, as Transition to Digital Channels Accelerates
- 3 years 7 months ago
- E-Commerce, Money Transfers
A new study from Juniper Research has found that digital commerce spending will rise to over $11.6 trillion by the end of 2021, from $10.5 trillion last year; a growth of 11.5% in a single year.
Paysend Joins Forces with Open Finance Platform Plaid for Faster and Easier Money Transfers Worldwide
- 3 years 7 months ago
- Payments, Money Transfers
Global FinTech Paysend today announced a collaboration with Plaid, a leading open finance platform and financial data network, to provide customers with a more streamlined experience in connecting and transacting from their bank accounts to Paysend’s money transfer app.
TransferGo Defies Remittance Predictions with All-time Highs
- 3 years 7 months ago
- Payments, Money Transfers
TransferGo, one of the world’s fastest growing money transfer companies, today showcases the strength and importance of digital remittances by hitting new milestones in total transactions and in cross-border payment flows. It has now recorded over £3billion in international money flows and over 10 million customer transactions, demonstrating both its resilience and value in keeping its global migrant customers connected with loved ones during a... more
Western Union to Release First Quarter Results on May 4, 2021
- 3 years 7 months ago
- Payments, Money Transfers
The Western Union Company, a global leader in cross-border, cross-currency money movement and payments, announced today that Chief Executive Officer Hikmet Ersek and Chief Financial Officer Raj Agrawal will host a webcast and conference call to discuss 2021 first quarter results on May 4, 2021 at 4:30 p.m. ET. A press release highlighting the financial results will be issued at approximately 4:00 p.m. ET the same day.
PagoFX Launches Fast, Secure and Low-Cost International Money Transfer Service in Spain
- 3 years 11 months ago
- Money Transfers
PagoFX, the low-cost international money transfer service, is now available in Spain. As the service is open to Spanish residents no matter who they bank with, anyone will have access to PagoFX’s fast and secure international payments. PagoFX is a part of PagoNxt, a new autonomous business created by Banco Santander to bring together its most disruptive payments businesses to compete with global digital payments platforms.
