Tagged: money transfer

September 19, 2020 @ 4:12 pm By Omar Faridi  |  

UK Fintech and stealth bank TransferWise notes that whether you’re in Budapest, Bangkok or Pisco, you’ll now be able to receive Hungarian forints directly into your TransferWise account — the same way that a local would receive the funds. The TransferWise team clarified that this… Read More

August 26, 2020 @ 2:20 pm By Samantha Hurst  |  

Remitly, a U.S.-based online money transfer service for immigrants, announced on Wednesday the expansion of its mobile wallet network, which now reaches over 300 million mobile wallet holders across the globe. According to Remitly, this more than doubling its reach from 160 million earlier this… Read More

August 25, 2020 @ 12:31 pm By Omar Faridi  |  

UK-based Fintech firm Paysend, which focuses on global payments, has revealed that it will be working with Alipay to offer new cross-border money transfer options that aim to bring more seamless and inclusive financial services to consumers throughout the world. Paysend claims that its agreement… Read More

August 18, 2020 @ 9:52 am By Omar Faridi  |  

UK Fintech and stealth bank Transferwise reveals how Alternative Airlines has reportedly saved more than £75K in just the past 9 months when using the firm’s money transfer services. The TransferWise team notes that Alternative Airlines has been recognized as one of the UK’s leading… Read More

August 17, 2020 @ 6:08 pm By Omar Faridi  |  

Abu Dhabi based NymCard, a card issuing and processing platform, has reportedly been granted “in-principle” approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market. The Fintech firm aims to assist financial service providers including banks, and other financial technology companies… Read More

August 12, 2020 @ 9:13 am By Omar Faridi  |  

Fintech unicorn and stealth bank TransferWise revealed on August 11, 2020 that it has teamed up with FreeAgent, a UK-based accounting software firm. Through the partnership, both companies aim to offer improved accuracy and more convenience for SMBs when they reconcile their TransferWise multi-currency business… Read More

July 29, 2020 @ 9:59 am By Samantha Hurst  |  

Remitly, a U.S.-based online money transfer service, announced on Wednesday it secured $85 million through its latest investment round, which was led by Prosus’s PayU, at a $1.5 billion valuation. Generation Investment Management, Owl Rock Capital, Stripes, DN Capital, Top Tier, Princeville Global, and Threshold… Read More

June 12, 2020 @ 12:40 pm By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Thursday it was selected by Vodafone as a global partner in a program offering zero-fee international money transfers to Fiji. WorldRemit reported that through the partnership, it enables mobile customers in Australia,… Read More

June 4, 2020 @ 4:28 pm By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Thursday it has formed a new partnership with Saudi Arabia-based Al Rajhi Bank. MoneyGram revealed it joined forces with Al Rajhi Bank to provide money transfer services in Saudi Arabia and covers both digital as well… Read More

May 30, 2020 @ 10:34 pm By Omar Faridi  |  

UK-based Fintech TransferWise recently allowed users to set up direct debits in Australian dollars (AUD), in order to settle bills and pay for subscriptions across Australia – which can now be done directly from users’ TransferWise accounts. As confirmed by the money transfer service provider,… Read More

April 13, 2020 @ 7:30 pm By Omar Faridi  |  

Kristo Käärmann, co-founder and CEO at London-based TransferWise, a privately-held Fintech firm that allows individuals and businesses to send money abroad at affordable and transparent rates, revealed that 25% of the cross-border transfers facilitated by the firm are now instant. Earlier this month, the TransferWise… Read More

March 19, 2020 @ 5:10 pm By Samantha Hurst  |  

Ripple, a provider of enterprise blockchain solutions for payments, announced on Thursday it has formed a new partnership with Thailand-based digital cross-border money transfer fintech DeeMoney. Ripple reported that through the collaboration, DeeMoney’s platform is now processing live transactions.  Ripple further revealed that DeeMoney is… Read More

March 13, 2020 @ 8:12 am By Samantha Hurst  |  

Online payments company Skrill announced on Friday it is dropping all fees and foreign exchange charges for those using its Skill Money Transfer service to send funds to Italy. Along with the transfer fee drops, there will also be no charges for recipients in Italy…. Read More

January 27, 2020 @ 12:16 pm By Samantha Hurst  |  

Remitly, a U.S.-based online money transfer service, announced on Monday it has teamed up with Alipay to enable Remitly customers to send money from their smartphone or computer, and for funds to be received within the Alipay app. The company is claiming to be the… Read More

January 21, 2020 @ 12:56 pm By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Tuesday it has formed a new partnership with LuLu Money, a non-banking finance group that specializes primarily in foreign exchange and global money transfers.  MoneyGram reported that through the partnership LuLu Money will utilize the MoneyGram… Read More

December 18, 2019 @ 11:43 am By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Wednesday it has teamed up with fintech Brightwell to enable cruise line crew members to digital send their money home using MoneyGram within the Brightwell app. The duo revealed: “The MoneyGram-Brightwell partnership gives crew members an… Read More

October 14, 2019 @ 2:06 pm By Samantha Hurst  |  

Metropolitan Bank Holding Corp. (NYSE: MCB), the holding company for Metropolitan Commercial Bank, recently announced it has formed a partnership with global provider of money transfer services MoneyGram (NASDAQ: MGI) to launch a new debit card deposit service designed to simplify deposit, withdrawal and exchange… Read More

June 3, 2019 @ 8:27 am By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Monday it secured $175 million through its Series D funding round, which was led by existing investors TCV, Accel and Leapfrog Investments. Founded in 2010, WorldRemit describes itself as a global lead-in… Read More

May 1, 2019 @ 1:36 pm By Samantha Hurst  |  

WorldRemit, a UK based Fintech in the digital money transfer sector, announced on Tuesday it has joined forces with MCB Bank (MCB) for digital money transfers to Pakistan. WorldRemit reported that transactions to Pakistan through its website and app grew by 75% in 2018, driven by… Read More

April 18, 2019 @ 8:34 pm By Samantha Hurst  |  

U.S.-based independent mobile remittance company Remitly announced on Thursday it has launched its international money transfer service in France. Customers may now access the Remitly service through its mobile app or website and benefit from a variety of secure and convenient money sending and receiving… Read More