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US-based Pomelo, a fintech startup that combines international money transfer with credit, has raised USD 35 million in Series A funding round.
remittance, money transfer, credit card, funding, expansion
US-based e-wallet Transi has partnered with fintech provider Velmie to launch a remittance app that facilitates transactions between the US and the Dominican Republic.
mobile payments, money transfer, remittance, financial inclusion, fintech
UK-based payment services provider TerraPay has received a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).
money transfer, remittance, MPI licence, cross-border payments, regulation
US-based fintech LemFi has received regulatory approval from the Central Bank of Kenya (CBK) to operate remittances in Kenya.
remittance, mobile payments, digital wallet, FX , money transfer
France-based Embedded Finance platform Swan has entered a collaboration with Wise Platform in a bid to allow its clients to transfer money from over 190 countries.
partnership, payments , money transfer, online payments, digital payments
Sweden-based fintech 6G Digital has bought a 25% stake in Singapore-based fintech FlexM Global for USD 12.5 million to augment the banking and money transfer landscape.
fintech, acquisition, money transfer, financial inclusion, banking
Philippines-based super app GCash and PayPal have partnered to facilitate freelancers and MSMEs to withdraw their PayPal funds through GCash.
SMEs, mobile payments, money transfer, ATM, digital wallet
UK-based fintech Paysend has chosen Currencycloud to boost its FX and treasury capabilities, becoming a key partner for cross-border money movement.
remittance, money transfer, FX , expansion, digital wallet
Coronation Group, Access Holdings, Safaricom, and M-PESA Africa have formed a strategic partnership to provide remittance corridors in Africa.
remittance, financial inclusion, partnership, mobile money, money transfer
Kenya-based telecommunications company Safaricom has augmented its M-PESA platform, through a partnership with Onafriq, to offer remittances to Ethiopia.
remittance, money transfer, mobile payments, expansion, growth markets
Open Banking payments provider Trustly has announced its collaboration with MoneyGram, aiming to introduce cardless payments for the latter’s users across Europe.
partnership, online payments, payment methods, money transfer, bank account
UK-based payment services provider TerraPay has partnered with Alfardan Exchange to augment cross-border payments in Qatar.
remittance, money transfer, partnership, financial inclusion, payments infrastructure
Diana Lupuleac, Content Editor at The Paypers, shares insights into the history of cross-border payments, how they are made today, and current initiatives aimed to tackle their pain points.
cross-border payments, ecommerce, online shopping, shopping, money transfer, blockchain, real-time payments, CBDC, Open Banking, marketplace, B2B payments, B2B2B2C, ACH, SWIFT
Multinational payment card services company Visa has announced a 7-year collaboration with US-based financial services corporation Western Union.
partnership, payments , financial services, money transfer
Flipkart has announced the launch of a new UPI service in partnership with Axis Bank, aiming to optimise fund transfers and checkout payments for Android users.
partnership, product launch, UPI, payments , money transfer, online payments, mobile payments, digital payments, ecommerce
Real-time global payments provider Nium has announced that it secured a Type 1 Funds Transfer Service Provider (FTSP) licence from the Japanese Financial Services Agency (JFSA).
local payment method, cross-border payments, money transfer, banks, regulation
Eazy Financial Services (EazyPay) has leveraged Visa’s Direct Account Funding solution to offer fast and secure account-to-account (A2A) fund transfers in Bahrain.
account-to-account payment, money transfer, payment gateway, banking, digital wallet
TerraPay and Diamond Trust Bank Uganda have announced a partnership to expand international money transfers and strengthen financial inclusion in Uganda.
money transfer, financial inclusion, credit access, cross-border payments, partnership
Western Union and Mercado Pago have announced growth in their existing relationship, giving customers in the US and Canada the ability to send money from Western Union.
partnership, remittance, online payments, money transfer
Germany-based automotive marketplace Mobile.de has announced its collaboration with Mangopay, aiming to introduce a customised payment solution for its end-users.
online platform, online payments, partnership, payments , money transfer