Visa Defines New Era of How Money Travels Abroad
- 2 years 1 week ago
- Money Transfers
Remittances are not only a lifeline for millions of migrant workers and their families, they are also vitally important for the prosperity of many developing economies around the world. As the amount of global remittance inflows continues to reach new records1, 53% of surveyed consumers are turning to digital apps to send and receive funds around the world.
CBDC Transactions to Exceed $213 Billion by 2030 Globally, as New Payment Models Accelerate Financial Inclusion
- 2 years 2 weeks ago
- Money Transfers
The new study from Juniper Research, foremost experts analysing the fintech & payments market today, found the value of payments via CBDCs (Central Bank Digital Currencie
Wise Unveils New Look as it Reaches 16 Million Customers Served Worldwide and Continues Global Expansion
- 2 years 1 month ago
- Money Transfers
Wise, the global technology company building the best way to move and manage money is today rolling out a new look and feel. This comes as the company announced that it has reached 16 million customers served worldwide, and revealed plans for further global expansion. The complete visual makeover features a fresh green palette and a bold new font, and draws from global currencies, languages, alphabets and places around the world.
Western Union and Beforepay Offer ‘Send Now, Pay Later’ Service to Consumers for International Money Transfers
- 2 years 1 month ago
- Money Transfers
Western Union and Beforepay today announced a first-of-its-kind collaboration, allowing consumers to boost their cross-border money transfers by accessing reliable, ethical and affordable short-term lending. Consumers can ‘Send Now, Pay Later’ by borrowing up to AUD 2000 through Beforepay’s wage-advance product on Western Union’s digital channels.
Form3 Signs Clarency As First International Customer For Its Swift Solution
- 2 years 1 month ago
- Money Transfers
Clarency takes a further significant step in integrating its KYC-first payments and liquidity platform into core banking with its announcement today of selecting Form3, the cloud-native account-to-account platform, to provide it with direct access to the Swift network. The move extends its support for international payments and enables further customer growth. Clarency is the first customer on Form3’s Swift-as-a-service solution.
Substantial Growth in Payments & Transfers, Alternative Lending, E-Wallets and Digital Banking Sectors Over the Past Two Decades
- 2 years 1 month ago
- Money Transfers
It has been estimated that by 2022, the total amount of fintech businesses involved in Payments & Transfers, Alternative lending, E-Wallets and Digital-banking increased from 34 to 1254. This is a massive 3588% rise over the two decades, accounting for 15.4% of all operational fintech companies.
Nucleus365 Launches European Instant Payments - Rapid Transfer
- 2 years 1 month ago
- Money Transfers
Nucleus365, a UK-based payment institution offering a centralised platform for global payment processing, FX and connected banking, has launched Rapid Transfer payment options for its European merchants. Rapid Transfer allows customers to pay merchants instantly using their online banking details, providing same-day settlements of funds.
Wise Enters 2023 with 15 New Partners in 4 New Markets, Bringing Total to Over 60 Partners Worldwide
- 2 years 2 months ago
- Money Transfers
Wise, the global technology company building the best way to move money around the world, launched 15 new partnerships in 2022 and enters 2023 with a total of 60 partners globally. These partnerships are made possible through Wise Platform, which allows banks and businesses to embed the power of Wise into their existing platform. Almost 10 million new customers gained access to Wise, via Wise Platform, in 2022 alone.
payabl. Enters its Next Phase of Growth as it Joins Visa Direct Preferred Partner Program
- 2 years 2 months ago
- Money Transfers
Today payabl., the international merchant acquirer that enables businesses to take payments easily, reliably, and securely, announces it has joined the Visa Direct Preferred Partner Program, furthering its relationship with Visa. As a member of the Visa Direct Preferred Partner Program, payabl.
Brightwell Expands Partnership With Virgin Voyages, Providing Corporate Disbursements for Customers and Employees Globally
- 2 years 2 months ago
- Money Transfers
Following a successful integration with Navigator in 2019, Brightwell, a global payments technology company, has expanded its partnership with Virgin Voyages. With ReadyRemit, powered by Brightwell’s international payment partners, Virgin Voyages can now easily pay vendors, workers, and others, and provide customer-facing payouts like rebates, rewards, and refunds with one digital solution.
Fnality, HQLAX, Santander, Goldman Sachs and UBS Pave the Way for Settlement of Intraday Transactions Using DLT
- 2 years 3 months ago
- Money Transfers
Fnality and HQLAX announce the successful completion of the first proof of concept (PoC) delivery versus payment (DvP) repo settlement across the Fnality Payment System (FnPS) and HQLAX’s Digital Collateral Registry, bridging the distributed ledger technologies (DLT) of Enterprise Ethereum and R3 Corda, respectively.
Skedadle to Change the Game for Advertising with Currencycloud Partnership
- 2 years 4 months ago
- Money Transfers
Currencycloud, the experts simplifying business in a multi-currency world, has partnered with Scottish start-up app Skedadle to provide its users an easy, secure and seamless way to transfer money earned in-app while playing games on public transport.
Swift Go Sign-ups Triple as Cooperative Makes Significant Progress on G20 Goals to Enhance Cross-border Experience
- 2 years 4 months ago
- Money Transfers
Swift today reported significant progress in 2022 toward the G20’s goals for enhancing the cross-border experience, rapidly setting a new standard for low-value payments, transforming upfront payment processing to remove friction, bringing new levels of transparency to the securities industry, and delivering breakthrough innovation to integrate CBDCs into the financial ecosystem.
Flutterwave and World Record Holder, Tobi Amusan Collaborate to Launch $end Mobile for the African Diaspora
- 2 years 4 months ago
- Money Transfers
Flutterwave, Africa’s leading payments technology company, today unveiled $endmobile, an app to facilitate the faster and easier transfer of funds from the diaspora to the African continent. Flutterwave also signed Tobi Amusan, the Nigeria-born 100m Hurdles Women’s World Record Holder as $endmobile’s Ambassador; a decision the company says is due to their similarity in speed and resilience.
Wise Obtains Capital Markets Services Licence from Monetary Authority of Singapore
- 2 years 4 months ago
- Money Transfers
Wise, the global technology company building the best way to move and manage money around the world, today announces at the Singapore Fintech Festival that Wise has received a Capital Markets Services licence from the Monetary Authority of Singapore. This will enable Wise to bring its new investment product, Assets, to Singapore in the coming quarters.
