PayPal's Xoom partners Ria to boost global expansion
- 6 years 8 months ago
- Payments, Money Transfers
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
MoneyGram Foundation and Simon Says Give Set a New Guinness World Record
- 6 years 8 months ago
- Payments, Money Transfers
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
CurrencyFair announces Asian expansion
- 6 years 8 months ago
- Money Transfers
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)
Moneygram Partners with Visa Push Payments Platform for Cross-border Remittances
- 6 years 9 months ago
- Money Transfers
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.
UAE Exchange Rebrands its Africa Operations as Unimoni
- 6 years 9 months ago
- Payments, Money Transfers
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.
TransferWise Launches in Hong Kong
- 6 years 9 months ago
- Money Transfers
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.
Azimo broadens its money transfer service from the Nordic countries
- 6 years 10 months ago
- Money Transfers
Digital money transfer company Azimo has added 10 new countries to its service for customers in Nordic countries.
Remittance thought leaders to gather in Lagos - Nigeria for Remittance Africa Expo 2018
- 6 years 10 months ago
- Money Transfers
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.
Paysend closes $20 million funding round
- 6 years 10 months ago
- Money Transfers
Paysend, the business targeting a global payments revolution, has closed a $20 million funding round, led by investment firm MARCorp Financial. The funding, which also came from other existing investors, will be used to launch new services for Paysend’s rapidly expanding customer base and to invest in its global expansion plans. Ronald Millar, CEO of Paysend, said: “We are delighted to welcome MARCorp onboard and to increase our international... more
Ant Financial fights back from MoneyGram disappointment with rival blockchain remittance service
- 6 years 10 months ago
- Money Transfers
After the disappointment of US regulators blocking its purchase of MoneyGram, Ant Financial has taken a step towards dramatically lowering the cost of remitting money overseas in a move that will, in its initial stages, help the hundreds of thousands of Filipinos working in Hong Kong, who collectively remit about HK$
Pangea Money Transfer Appoints Shafiq Shariff as VP of Product
- 6 years 11 months ago
- Money Transfers
Pangea Money Transfer, a mobile-centric remittance platform for sending money from the U.S.
New Western Union Report on Foreign Exchange and international Payments Reveals the impact of the EU Referendum on UK Businesses
- 7 years 1 month ago
- Money Transfers
UK importers lost an average 12% in profits since the EU Referendum as a result of Sterling depreciation, according to new research* from Western Union as the countdown begins on a year to Britain’s exit from the EU on 29 March 2019. The figures are part of the global payments specialist’s new FX Barometer, a special quarterly analysis of FX trends andinsights to help businesses and their advisors derive more value from their international... more
Pangea Money Transfer Announces Major Fee Reduction for U.S.-to-India Remittances
- 7 years 1 month ago
- Money Transfers
Pangea Money Transfer, a mobile-centric remittance platform for sending m
Wing Partners with WorldRemit to Offer Instant Money Transfers to Cambodia
- 7 years 2 months ago
- Money Transfers
Leading digital money transfer service, WorldRemit, and Cambodia’s largest mobile banking services provider, Wing Cambodia Limited Specialised Bank, have launched instant money transfers to Cambodia.
Western Union fined $60 million for violating AML laws
- 7 years 3 months ago
- Money Transfers
Financial Services Superintendent Maria T. Vullo today announced that Western Union has agreed to pay a $60 million fine as part of a consent order with the New York State Department of Financial Services (DFS) for violations of New York Bank Secrecy Act (BSA) and anti-money laundering laws (AML).
