Millennial migrant workers driving international money transfers, discovers Xpress Money
- 7 years 1 week ago
- Money Transfers
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.
WorldRemit launches inter-African money transfer service
- 7 years 4 weeks ago
- Money Transfers
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
Emirates NBD introduces DirectRemit service to the UK
- 7 years 1 month ago
- Money Transfers
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
PayPal's Xoom partners Ria to boost global expansion
- 7 years 1 month 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
- 7 years 1 month 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
- 7 years 1 month 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
- 7 years 2 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
- 7 years 2 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
- 7 years 2 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
- 7 years 3 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
- 7 years 3 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
- 7 years 3 months ago
- Money Transfers
Paysend, the business targeting a global payments revolution, has closed a $20 million funding round, led by investment firm MARCorp Financial. The funding, which also came from other existing investors, will be used to launch new services for Paysend’s rapidly expanding customer base and to invest in its global expansion plans. Ronald Millar, CEO of Paysend, said: “We are delighted to welcome MARCorp onboard and to increase our international... more
Ant Financial fights back from MoneyGram disappointment with rival blockchain remittance service
- 7 years 3 months ago
- Money Transfers
After the disappointment of US regulators blocking its purchase of MoneyGram, Ant Financial has taken a step towards dramatically lowering the cost of remitting money overseas in a move that will, in its initial stages, help the hundreds of thousands of Filipinos working in Hong Kong, who collectively remit about HK$
Pangea Money Transfer Appoints Shafiq Shariff as VP of Product
- 7 years 4 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 6 months 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
