Articles with tag: remittance

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Nium, Cebuana Lhuillier reveal mobile remittance app in Singapore

News | Mobile Payments | 12 Jan 2021

Cebuana Lhuillier and Nium have partnered to make Quikz, Cebuana Lhuillier’s flagship mobile remittance app in the US, available in Singapore.

Nium, Cebuana Lhuillier, product launch, Quikz, Singapore, remittance, Philippines, partnership, transactions

PayPal's Xoom integrates with UPI payments to support instant remittances to India

News | Payments General | 22 Dec 2020

PayPal’s money transfer service Xoom has added the Unified Payments Interface (UPI) to its platform, to enable instant money transfers to India, reports Verdict.

Xoom, UPI, payments, remittances, India

Azimo, dLocal team up to allow remittances in Colombia

News | Online Payments | 11 Dec 2020

Digital money transfer service Azimo has partnered with dLocal, the cross-border payments platform for emerging markets, to allow migrants in Europe and Australia to transfer money to nearly any bank in Colombia. 

Colombia, remittances, partnership, Azimo, dLocal, banks, cross-border, money transfer, online payments

Scotiabank offers real-time payments in Canada through Interac e-Transfer for Business

News | Payments General | 10 Dec 2020

Canada-based Scotiabank has announced it will be offering real-time payments for all business banking customers, using Interac e-Transfer for Business.

Scotiabank, product launch, Canada, Interac e-Transfer for Business, remittance, invoicing, payments, real-time payments

Toyota, Billtrust to provide B2B payments to dealers

News | E-invoicing, SCF & E-procurement | 09 Dec 2020

Toyota Material Handling (TMH) has partnered with Billtrust to offer their dealers access to Billtrust's invoicing, payments, cash application, collections software, and business payments network.

Toyota, Billtrust, partnership, B2B, payments, invoicing, accounts receivable, AR, remittance, collections

Paypal's Xoom, MFS Africa partner to offer mobile money transfers in Africa

News | Mobile Payments | 09 Dec 2020

PayPal’s remittance service Xoom has partnered with MFS Africa, a South Africa-based fintech, to offer mobile money transfers to 6 countries in Africa. 

PayPal, Xoom, MSF Africa, Africa, remittance, mobile payments, money transfer

Airopay launches digital payment app in Nigeria

News | Mobile Payments | 03 Dec 2020

Nigeria-based payment infrastructure solution provider Airopay has launched a digital payment app that will allow users to make transactions locally and internationally from their mobile devices.

Airopay, Nigeria, Africa, product launch, mobile payments, transfers, cardless, remittances, bill payments, online purchases

Libra Association to rebrand to Diem

News | Cryptocurrencies | 03 Dec 2020

The Libra Association has announced rebranding plans to distance itself from the original Facebook-led vision rolled out in 2019, according to CoinDesk.

Novi, Facebook, Libra, blockchain, remittances, Diem, Stuart Levey, payments

EVONET Global raises USD 30 mln in Series A funding round

News | Online Payments | 02 Dec 2020

Wallet network aggregator EVONET Global has raised USD 30 million in a Series A funding round.

EVONET Global, funding round, funding, Series A, payment services, mobile wallet, cross-border retail, QR code, remittance, insurance

TransferWise enables Indonesians to sent remittance payments to 80 different countries

News | Online Payments | 01 Dec 2020

TransferWise has announced that Indonesians and ex-pat workers will be able to send money to 80 different countries.

TransferWise, Indonesia, money transfer, online payments, unbanked, remittances, Cross-Border Payments Regulation, CBPR2, cross-border payments

Ukraine drafts law to open its payment market

News | Payments General | 30 Nov 2020

The Ukrainian Parliament has registered a draft payment services law that aims to open the Ukrainian payment market.

banking, fintech, PSD2, Ukraine, payments, remittances, e-money, PSPs, banks, payments providers, Ukrainian Central Bank, FX transactions, acquiring services

Viber to launch chatbot payments feature in the Philippines

News | Mobile Payments | 27 Nov 2020

Viber has announced the launch of its Chatbot Payments feature in the Philippines, allowing users to make payments via the messaging app.

Viber, Globe, the Philippines, Asia, product launch, Chatbot Payments, mobile payments, merchants, remittance

Western Union expands real-time payout capabilities in 100 countries

News | Online Payments | 24 Nov 2020

Western Union has expanded its real-time digital payout capabilities into 100 countries reaching billions of bank accounts.

Western Union, cross-border payments, remittances, payout, online payments

Western Union to acquire a minority stake in Saudi Digital Payments Company

News | Online Payments | 23 Nov 2020

Western Union has entered into a definitive agreement to acquire a minority stake in Saudi Digital Payments Company, or stc pay, a fully owned subsidiary of Saudi Telecom Company. 

acquisition, Western Union, stc pay, digital wallet, cross-border payments, remittance

Lebanon to launch digital currency in 2021, central bank governor says

News | Cryptocurrencies | 13 Nov 2020

Banque Du LibanLebanon's central bank governor has announced plans to launch a digital currency in 2021.

CBDC, Lebanon, central banks, cryptocurrency, lira, dollar, payments, remittances, Banque Du Liban

Average remittance per transaction to decrease due to COVID-19, Tipalti data shows

News | Payments General | 12 Nov 2020

Tipalti, a global payables automation solution, has found that the average remittance per transaction (ART) during the COVID-19 pandemic across all transactions showed a decrease.

Tipalti, payables automation, accounts payable, study, remittance, online marketplaces, payments

Korean payment company Danal Fintech joins ICON blockchain ecosystem

News | Cryptocurrencies | 11 Nov 2020

Danal Fintech, a subsidiary of Danal which is a large payment company in South Korea, has joined the ICON blockchain ecosystem, a large, decentralised network in Korea.

Danal Fintech, blockchain, payment company, ICON ecosystem, South Korea, Paycoin, remittance, merchants

BNB launches new remittance service for Africa

News | Online Payments | 09 Nov 2020

BNB, a Canada-based fintech that specialises in remittances, has launched a new online money transfer service that allows people to send money to friends and relatives in Africa.

BNB, Liberia, Sierra Leone, Guinea, Africa, product launch, remittance, money transfer

OLB Group updates its SecurePay payment gateway with ACH transfers

News | E-invoicing, SCF & E-procurement | 06 Nov 2020

US-based OLB Group has announced that its SecurePay payment gateway now offers transfer of funds within hours with support for ACH (Automated Clearing House) services.

OLB Group, SecurePay, product launch, payment gateway, Automated Clearing House, SME, remittances,

WorldRemit waives transfer fees to the Philippines in light of recent natural disaster

News | Online Payments | 05 Nov 2020

UK-based digital payments platform WorldRemit has announced the waiving of their fees on money transfers to the Philippines in light of the recent tropical storm.

WorldRemit, Philippines, Asia, waiving fees, natural disaster, money transfer, remittance