Paysend signs with Vietcombank to bring money transfer revolution to Vietnam

Global payments disruptor PaySend which now has over 350,000 customers across Europe and beyond has signed a strategic partnership agreement with Vietcombank Remittance Company (VCBR), which dominates all inbound money transfers in Vietnam. This partnership will let people from anywhere in the world send money directly to any bank account, NAPAS card, Visa or MasterCard issued in Vietnam.  Read more »

Western Union and China’s JD Digits Join Forces for Global Digital Money Movement

The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement, and JD Digits, a leading digital technology company in China with 400 million individual customers, today entered into a strategic agreement to join forces to advance digital cross-border money movement and paymen Read more »

PayPal launches Xoom in Canada

Today, PayPal launched Xoom, its international money transfer service in Canada. Canadians can now use Xoom to send money, pay bills or reload phones fast to more than 130 countries internationally at competitive rates. Xoom’s increased presence in North America is a significant milestone and serves as another example of PayPal’s efforts to make the management and movement of money more accessible, secure, convenient and affordable. With this... more Read more »

Travelex research reveals an “immovable 24%” of consumers that refuse to go cashless

Travelex, the leading global foreign exchange and money transfer specialist, today released its study into attitudes towards cash and other payment technologies: Do we really want a cashless society? Read more »

YGGDRASH Partners with Blockchain Remittance Platform REMIIT

Third-generation trust-based multi-dimensional blockchain platform, YGGDRASH, has entered into a partnership with a blockchain powered open market remittance platform, REMIIT. At the signing ceremony, representatives from both companies met to share and discuss the technology, vision and direction between the two companies. In particular, they focused on the overseas remittance sector within the ecosystem of YGGDRASH.  Read more »

Western Union Expands with Online International Money Transfers in Malaysia

The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement, has launched online money transfers in Malaysia via the  Read more »

Should there be more competition among international money transfer providers?

The BBC reports today** that migrants to the UK send £8bn to family each year. UNESCO calculate that the average transaction fees applied to international money transfers amounts to 7% of the total transaction. That means a whopping £560 million is lost to transaction fees every year. When you also consider that 30% of that money is sent back to get younger family members through education, it's a huge loss to those that are often required to... more Read more »

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 »

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