Articles with tag: remittances

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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

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

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

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

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

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,

Raseedy, saib Bank, Mastercard partner to launch digital wallet in Egypt

News | Mobile Payments | 03 Nov 2020

Egypt-based e-wallet provider Raseedy has announced the launch of an independent licensed digital wallet in partnership with saib Bank and Mastercard.

Raseedy, saib Bank, Mastercard, Egypt, MENA, Africa, product launch, e-wallet, online payments, remittances, merchants, QR codes, money transfer

Azimo to cut costs of Australia money transfers

News | Payments General | 29 Oct 2020

UK-based fintech Azimo has announced a new service which will introduce more affordable money transfers coming to Australia, according to the official press release.

Azimo, fintech, UK, Europe, Australia, money transfer, AUSTRAC, money service business, AliPay, remittances

TerraPay obtains money services business licence to enable remittances from Canada

News | Payments General | 27 Oct 2020

Netherlands-based global payments infrastructure company TerraPay has secured its MSB registration from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), reports Electronic Payments International.

TerraPay, licence, remittances, Canada, cross-border payments, money transfer

RevoluGROUP Canada announces RevoluSEND for remittances

News | Payments General | 20 Oct 2020

RevoluGROUP Canada has introduced the RevoluSEND remittance vertical, which will initially support money transfers to 27 countries, reports Electronic Payments International.

RevoluGROUP Canada, RevoluSEND, remittances, money transfer

Mukuru, WorldRemit partner to further expand remittance service in South Africa

News | Mobile Payments | 05 Oct 2020

Mukuru and WorldRemit have announced a deepening of their existing partnership to expand their collaboration for cash remittances into Zambia, South Africa.

Mukuru, WorldRemit, cash remittances, Zambia, South Africa, mobile wallets

Paysend expands into US market with central payments partnership

News | Payments General | 11 Sep 2020

UK-based Paysend, has announced that its globally recognised money transfer service is available for American consumers, providing an alternative solution for cross-border transactions.

cross-border transactions, money transfer, remittances, payments, financial inclusion, US, Paysend

MyCash Money selects Onfido for identity verification

News | Digital Identity, Security & Online Fraud | 09 Sep 2020

MyCash Money, a e-Marketplace designed for migrants in Malaysia and Singapore, has teamed up with Onfido, a global identity verification and authentication company, to provide identity verification to its users.

remittances, identity verification, partnership, financial inclusion, Malaysia, digital identity, MyCash Money, document verification

UK-based fintech BABB to offer cheaper remittances

News | Payments General | 01 Sep 2020

Financial Conduct Authority (FCA)-approved payment institution Bank Account Based Blockchain (BABB) has announced plans to offer better remittances to customers.

UK, fintech, BABB, Bank Account Based Blockchain, remittances, payment institution, FCA, Financial Conduct Authority, blockchain, traditional banking, third parties, peer to peer payments, P2P payments, international fundraising, banking technology, UK bank account, payment cards, banking licence

Nium expands presence in Latin America through partnership with Teledolar

News | Payments General | 25 Aug 2020

Global fintech platform Nium has teamed up with Costa Rica-based fintech platform Teledolar.

Nium, Visa, remittances, cross border payments, corporate payments, payments platform, money transfers, mobile payments, LATAM, Teledolar

SEBA Bank, Lightnet Group partner for joint venture

News | Payments General | 25 Aug 2020

Switzerland-based FINMA licensed SEBA Bank has signed a Memorandum of Understanding with Lightnet, a Singapore-based fintech company.

SEBA Bank, Lightnet Group, joint venture, Switzerland, FINMA, SEBA Bank, Memorandum of Understanding, Lightnet, Singapore, fintech, settlements, remittances, fiat currencies, settlement banking network, account, custodian, digital currencies, MTOs, money transfer operators, unbanked, fragmentation

WorldRemit partners with Mexican neobanks albo and Klar

News | Online Payments | 14 Aug 2020

WorldRemit, an international payments company, has entered partnerships with two Mexico-based neobanks, albo and Klar.

WorldRemit, money transfer, remittances, partnership, albo, Klar, payments, Mexico, neobanks, banks, economy