NatWest leads TransferWise’s £65 million syndicated debt facility

TransferWise, a financial company for people who travel, live and work internationally, has completed a £65 million syndicated debt facility with NatWest and LHV Bank to support the increasing requirements of its growing international customer base.  Launched in 2011, the London-headquartered business offers customers an easier and quicker option to manage money across borders. TransferWise has over four million customers and moves £3billion of... more Read more »

Moneynetint and Ripple Presents: International Money Transfer Without an Intermediary Bank Involvement

Moneynetint, UK based electronic e-money institution which provides cross-border money transfers and currency exchange for corporate clients around the world, announced that it had completed the integration phase with Ripple, which offers blockchain solutions for payments. Read more »

Western Union launches high value account-to-account transfers from the UK

The Western Union Company, a leader in global cross-border, cross-currency money movement, today announced its foray into the multibillion-dollar bank account-to-account money transfer sector for consumers, by launching high-value digital transfers from the United Kingdom to around the world. Consumers in the United Kingdom can now send up to £50,000 via their smartphones from wu.com or the Western Union® mobile app, funded from accounts... more Read more »

Millennial migrant workers driving international money transfers, discovers Xpress Money

Despite one in ten migrant workers in the UK having to live away from their children (9%) or spouses (8%), two-thirds (64%) are relieved they can support these family members after moving, reveals Xpress Money, one of the most dependable money transfer brands in the world. These sacrifices mean that two in three (60%) migrant workers are now able to better provide financial support to their families, through remittances. Read more »

WorldRemit launches inter-African money transfer service

Leading international money transfer company WorldRemit has launched a new digital service within Africa, making it easier to send and receive money across the continent. The new digital service will reduce the cost of sending money across borders. The prohibitive charges that individuals and businesses pay to transfer money within Africa are recognised as a major obstacle to the growing regional integration promoted by the continent-wide free-... more Read more »

Emirates NBD introduces DirectRemit service to the UK

Emirates NBD, a leading bank in the region, today announced the launch of DirectRemit services to the United Kingdom (UK), enabling customers to transfer money instantly back home, free of any charges and at competitive exchange rates.  Emirates NBD’s remittance service is the fastest in the UAE and enables GBP transfers to Lloyds Bank accounts in less than 60 seconds and transfers to other UK based banks within an hour, via Emirates NBD Online... more Read more »

PayPal's Xoom partners Ria to boost global expansion

Xoom, PayPal’s international money transfer service, today announced a partnership with Ria, a subsidiary of Euronet Worldwide and a global leader in money remittances, to offer Xoom customers cash pick-up service at more than 150,000 of Ria’s international network locations.  Through this partnership, Xoom is significantly increasing its presence in Eastern Europe and Africa, so customers in the United States can now send money to 70% of... more Read more »

MoneyGram Foundation and Simon Says Give Set a New Guinness World Record

 MoneyGram, a leading global money transfer and payment services company, is excited to announce that the MoneyGram Foundation and U.S.-based, nonprofit organization Simon Says Give®, have set a new Guinness World Record for stuffing the most backpacks with school supplies in eight hours! More than 1,000 volunteers stuffed 8,000 backpacks during the Simon Says Give High Five for Supplies® event at Mall of America. The backpacks will be given to... more Read more »

CurrencyFair announces Asian expansion

CurrencyFair, a leading provider of International Money Transfer services to consumers and businesses worldwide has today announced a major expansion into Asia through the acquisition of Hong Kong based, Convoy Payments Limited (“Convoy Payments”), a subsidiary of Convoy Global Holdings Limited (“Convoy Global”, Stock code: 1019.HK) Read more »

Moneygram Partners with Visa Push Payments Platform for Cross-border Remittances

Visa and MoneyGram today announced a strategic agreement that will modernize and digitize the process of sending and receiving money overseas.  Utilizing Visa Direct, Visa’s real-time1 push payments platform, the agreement will enable secure cross border remittances; once live, MoneyGram’s service will enable its users to choose their preferred method of sending and receiving funds. Read more »

UAE Exchange Rebrands its Africa Operations as Unimoni

UAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand, announced the rebranding of its Africa operations as “Unimoni” (www.Unimoni.com). The announcement was made by Promoth Manghat, Executive Director of Finablr (www.Finablr.com) and Group CEO, at an event held in Nairobi, Kenya, in the presence of dignitaries, partners and other guests. Read more »

TransferWise Launches in Hong Kong

Leading London-based fintech company TransferWise announced today (6 July 2018) the official launch of its international money transfer platform in Hong Kong, giving it a major foothold in Asia as part of the company's ongoing international expansion. Read more »

Azimo broadens its money transfer service from the Nordic countries

Digital money transfer company Azimo has added 10 new countries to its service for customers in Nordic countries.  Customers in Denmark, Norway and Sweden are now able to send money to individual bank accounts in Thailand, Vietnam, Hong Kong, Singapore, Australia, New Zealand, Romania, Bulgaria, Croatia and Hungary.  The new service delivers transfers to recipients’ bank accounts in local currency. With low rates, fast delivery times, and 100%... more Read more »

Remittance thought leaders to gather in Lagos - Nigeria for Remittance Africa Expo 2018

Meet the largest gathering of money transfer providers on the Africa continent at the 7th RemittanceAfrica Expo (www.RemittanceAfrica.com) that will take place across 23 and 24 of October at the Lagos Oriental hotel with the compelling headline theme ‘Unlocking Opportunities in Money Transfer and Payment systems in Africa’.  The conference will host leading thought leaders in the remittance ecosystem in Africa and beyond. Read more »

Paysend closes $20 million funding round

Paysend, the business targeting a global payments revolution, has closed a $20 million funding round, led by investment firm MARCorp Financial. The funding, which also came from other existing investors, will be used to launch new services for Paysend’s rapidly expanding customer base and to invest in its global expansion plans. Ronald Millar, CEO of Paysend, said: “We are delighted to welcome MARCorp onboard and to increase our international... more Read more »

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