Western Union Cooperates with DIT to host UK RegTech Trade Mission

The Western Union Company (WU), a leader in global money transfer and payments services, is teaming up with the Department for International Trade (DIT) to host 16 ‘RegTech’ industry leaders in a ‘RegTech’ Lunch and Learn session in New York. Read more »

WorldRemit Collaborates with Tigo Money for Mobile Transfers to El Salvador and Guatemala

Leading digital money transfer service WorldRemit announced today it has partnered with Millicom’s subsidiaries Tigo Money to open up new remittance routes to El Salvador and Guatemala, enabling Salvadorans and Guatemalans abroad to send money transfers instantly to more than one and a half million Tigo Money users in those countries, directly from the WorldRemit app. Read more »

WorldRemit Collaborate with Wafacash for Money Transfers to Morocco

Digital money transfer service WorldRemit has partnered with leading Moroccan financial company Wafacash to further support the growing demand for instant remittances and the immediate access of funds in the country.  WorldRemit customers can now send overseas money transfers to be collected in one of the 1620 Wafacash cash pick up locations all over the country, including Marrakesh, Tanger, Tetouan, Salé, Fes, Agadir, Meknes, Oujda, Kenitra,... more Read more »

BBVA Unveils New Blockchain-Based Transfer System to Simplify Overseas Payments and Reduce Transaction Fees

Banco Bilbao Baningo Vazcaya Argentaria SA (BBVA), second largest multinational Spanish Banking group, has announced execution of its first cross-border payments, based on the blockchain-supported fund transfer system.  By virtue of the new technological advancement, designed by Ripple, San Francisco firm, BBVA managed to transfer about 50-euto dominated payments from Spain to Mexico within a few seconds. Usually, conventional transactions... more Read more »

Western Union Launches Bot for Messenger to Enable Money Movement Around the World

Today the Western Union Company, a global payments leader, announced an innovative and compelling way for Facebook Messenger users in the U.S. to send money to more than 200 countries and territories across 130 currencies. The announcement was made at the F8 Facebook Developer Conference in San Jose, California. The funds can be received into billions of bank accounts around the world or in cash at half a million global retail Agent locations... more Read more »

M&A Deal: MoneyGram and Ant Financial Enter the Amended Merger Agreement

Today MoneyGram and Ant Financial Services Group today reported that the companies have entered into an amendment to the definitive agreement under which MoneyGram will merge with Ant Financial. Pursuant to the amendment, Ant Financial increased the offer price to acquire all of the outstanding shares of MoneyGram from $13.25 per share to $18.00 per share in cash. The MoneyGram board of directors has unanimously approved the Amended Merger... more Read more »

Remitly Now Also in the UK

 Remitly, the largest independent digital remittance company in the United States, has announced its expansion into the United Kingdom, its third send country after the United States and Canada. Read more »

Azimo Revolutionizes Money Transfer Process With its New In-App Feature

Users can now instantly send and receive money using just a phone number Azimo, the international money transfer service, has today launched an industry-first feature that will revolutionise how money is sent and received. Read more »

WorldRemit introduces online money transfers in Japan

WorldRemit, the major online money transfer entreprise, has set up in Japan.  Customers in Japan will now be able to send money to family and friends worldwide, using a mobile phone, tablet or computer – cutting out the need to travel to agent locations or bank branches during business hours. Bringing the offline remittance industry to mobile, WorldRemit's arrival in Japan underlines its status as a major player in the global FinTech revolution. Read more »

WorldRemit Joins Forces With KCB to Power Money Transfers to Kenya

Digital money transfer service WorldRemit and KCB, the largest bank in East and Central Africa, have partnered to create a new instant option to send remittances to Kenya. Announced at an investment event for Kenyan and African diaspora at the Royal Overseas League in London, the partnership aims to support the growing demand for instant, digital remittances among more than 3 million Kenyans currently living abroad.  Kenyans living around the... more Read more »

WorldRemit Launches Online Money Transfer Service in Hawaii

WorldRemit, the leading online money transfer service, has launched in Hawaii, targeting 120,000 Filipino migrants living there. Customers in Hawaii can now send money to over 140 destinations as easily as sending an instant message, using the WorldRemit smartphone app or website. Read more »

Azimo upgrades BDO Remittance service, adding instant bank transfers

Azimo, the digital money transfer service operating in Europe, today announced a complete overhaul of money transfer services to the Philippines, with a lightning fast instant service via bank transfer. BDO Remit, the remittance service of the Philippines’ largest bank BDO Unibank, handles all Azimo transfers to the country.  This new service now enables Azimo’s vast user-base to have immediate access to money sent.  Transfers are instant via... more Read more »

IDT Launches Remittance App Called BOSS Revolution Money

IDT Corporation (IDT), a global provider of communications and payment services, introduces BOSS Revolution Money. This app makes it possible to send money transfers, mobile airtime and electronic gift cards to family and friends easily and securely.  Read more »

Mitek Announces MoneyGram Selects Mobile Verify™ for Anti-Money Laundering Solutions

Mitek, a global leader in mobile capture and identity verification software solutions has announced that MoneyGram, a global provider of innovative money transfer services, is using Mobile Verify™ to meet Anti-Money Laundering (AML) requirements for identifying individuals who send and receive funds. Read more »

WorldRemit partners with Xpress Money for instant money transfers to Indonesia

Digital money transfer service WorldRemit and global money transfer brand Xpress Money have partnered to open up new remittance routes to Indonesia, expected to further support the growing demand for instant remittances in the country. Through Xpress Money’s extensive agent partner network, WorldRemit customers will be able to make secure, instant money transfers to be collected at over 11,000 cash pickup locations at Bank Rakyat branches, one... more Read more »

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