Articles with tag like: remittance

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Digital money transfer operator Azimo offers free remittances

News | Online Payments | 16 Jun 2021

Azimo, the UK-based digital money transfer service, has announced offering a fee-free transfer for all senders on June 16, the UN’s International Day of Family Remittances.

remittance, cross-border payments, online payments

Nium and Travelex launch digital remittance offering in Hong Kong

News | Online Payments | 15 Jun 2021

Forex platform Travelex has announced partnering with Singapore-based payments platform Nium to launch digital remittance offering Travelex International Money Transfer.

partnership, remittance, money remittance, online payments

BASIS ID partners with Kemit kingdom to support the African Community

News | Online & Mobile Banking | 25 May 2021

BASIS iD has partnered with startup company Kemit Kingdom to support its project, Wakanda Messenger, which provides access to financial services by fail-safe and digital identity verification.

partnership, financial services, identity verification, digital identity, remittance, ecommerce, KYC, AML, PSD2, GDPR

Bank of Korea to test CBDC functionality

News | Payments General | 24 May 2021

South Korea’s central bank has announced plans to conduct a mock test on the functionality of a central bank digital currency (CBDC), according to Yahoo Finance.

CBDC, central bank, remittance, settlement, payment processing

Flutterwave, Amole partner to facilitated remittances into Ethiopia

News | Online Payments | 21 May 2021

Flutterwave has announced its partnership with Amole, an Ethiopia-based e-wallet platform, to facilitate money transfer into Ethiopia to bank accounts, cash pickup locations, and to the Amole Wallet.

Flutterwave, partnership, remittance, online payments

National Bank of Egypt to join Ripple network for cross-border payments

News | Payments General | 20 May 2021

National Bank of Egypt (NBE) has announced plans to harness blockchain technology from Ripple for a remittance corridor with the United Arab Emirates (UAE).

partnership, remittance, Ripple, cross-border payments, banks

Wise joins Temenos MarketPlace

News | Online & Mobile Banking | 19 May 2021

Banking software company Temenos has announced that Wise (formerly TransferWise) is now live on Temenos MarketPlace.

Temenos, digital banking, cross-border payments, remittance, partnership

Visa invests in Remitly

News | Mobile Payments | 13 May 2021

Mobile-first provider of remittances and financial services for immigrants Remitly has announced receiving new funding from Visa, a world leader in digital payments, according to IBS Intelligence.

investment, partnership, remittance, Visa

Google Pay users in the US can now transfer money to users in India and Singapore

News | Mobile Payments | 12 May 2021

Google has announced that Google Pay customers in the US can now transfer money to app users in India and Singapore.

Google Pay, remittance, Western Union, mobile payments

Remitly hires banks preparing for initial IPO

News | Payments General | 07 May 2021

Remitly has hired investment banks to prepare for an initial public offering (IPO) in New York in 2021, being said it could value the company at around USD 5 billion.

remittance, IPO, banks, JP Morgan, Barclays, Amazon

PromptPay, PayNow partner to allow Thailand-Singapore fund transfers

News | Mobile Payments | 29 Apr 2021

The Bank of Thailand and the Monetary Authority of Singapore have announced that they have linked Thailand’s PromptPay and Singapore's PayNow real-time retail payment systems, allowing users to transfer funds between the two countries.

PromptPay, PayNow, remittance

ACE Money Transfer expands to Australia

News | Mobile Payments | 21 Apr 2021

UK-based ACE Money Transfer has announced expanding its global money transfer services to Australia.

expansion, remittance, money remittance, money transfer

Travelex, Nium expand into Australia and Singapore

News | Payments General | 12 Apr 2021

UK-based Travelex has partnered with global payments platform Nium to extend digital remittance services to their users.

partnership, Nium, Travelex, remittance, money transfer

British online remittance service Azimo using USU's customer service solution

News | Online & Mobile Banking | 10 Mar 2021

Germany-based customer service solution USU has announced it is equipping the online money transfer service Azimo with a knowledge management solution for customer service.

remittance, remittances, money transfer, online banking, partnership

Diem rival, Celo gets USD 20 mln amid launch of global payments app

News | Cryptocurrencies | 18 Feb 2021

Celo, an open-source blockchain ecosystem, has announced USD 20 million in new backing from purchasers and partners including Andreessen Horowitz, Greenfield One, and Electric Capital.

Valora, mobile payments, remittance, P2P payments app, Celo, funding, Diem

Kotak Mahindra Bank launches remittance solution on its mobile app

News | Mobile Payments | 16 Feb 2021

India-based Kotak Mahindra Bank has announced that its remittance solution, Kotak Remit, is now live on the Kotak Mobile Banking app. 

Kotak Mahindra Bank, India, Asia, mobile banking, remittance, money transfers, mobile payments

South Africa-based Mama Money grows 500% during the pandemic

News | Payments General | 16 Feb 2021

South Africa-based money transfer fintech company Mama Money has observed growth of over 500% in volumes during 2020, according to the official press release. 

South Africa, Mama Money, fintech, cross-border payments, money transfer, remittance

Azimo, HBL to launch money transfer service in Pakistan

News | Payments General | 10 Feb 2021

Digital money transfer service provider Azimo has partnered with commercial bank HBL to launch a new service in Pakistan, according to the official press release.

Azimo, HBL, money transfer, remittance, digital money transfer, Pakistan, Commercial Bank, cross-border payments

MoneyGram, partner to expand real-time digital P2P payments with Visa Direct

News | Online Payments | 25 Jan 2021

MoneyGram has announced the expansion of its Visa debit card deposit service across Europe.

MoneyGram,, Visa, business partnership, debit card deposit, Europe, Visa Direct, real-time push payments, P2P payments, mobile wallets, remittance, cross-border transfers

Bangladesh, Malaysia mobile wallets to use RippleNet for payments

News | Mobile Payments | 19 Jan 2021

Real-time gross settlement system Ripple has announced that Malaysia’s Mobile Money and Bangladesh’s bKash mobile wallet are connected via RippleNet for payments. 

Ripple, RippleNet, bKash, mobile money, partnership, mobile payments, Malaysia, Bangladesh, Asia, APAC, remittance, Mutual Trust Bank of Bangladesh