Paysend races to 1.5 million customers
- 4 years 8 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
- 4 years 9 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
- 4 years 9 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
- 4 years 10 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
- 4 years 11 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
- 4 years 11 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
- 4 years 11 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 2 weeks 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.
TransferGo Strengthens Leadership Team and Launches in New Markets Following Record Year for Growth
- 5 years 3 weeks ago
- Money Transfers
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
Fintech Companies Could Help UK Migrant Workers Send an Additional £520M Back Home When Transferring Money
- 5 years 1 month ago
- Money Transfers
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
TransferGo becomes first to offer same day international money transfers on the weekend
- 5 years 4 months ago
- Payments, Money Transfers
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
WorldRemit enables remittance receivers to manage their money on their phones
- 5 years 5 months ago
- Payments, e-Payments, E-Wallets, Money Transfers
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:
InstaReM signs Thailand’s KASIKORNBANK
- 5 years 6 months ago
- Payments, Money Transfers
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.
TransferGo reaches 1,000,000 customer milestone
- 5 years 6 months ago
- Money Transfers
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.
Ripple Partners with Ria Money Transfer to Power Instant Global Payments
- 5 years 6 months ago
- Money Transfers
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.
