Articles with tag: remittances

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TerraPay obtains money services business licence to enable remittances from Canada

27 Oct 2020 | Payments General

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

20 Oct 2020 | Payments General

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

05 Oct 2020 | Mobile Payments

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

11 Sep 2020 | Payments General

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

09 Sep 2020 | Digital Identity, Security & Online Fraud

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

01 Sep 2020 | Payments General

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

25 Aug 2020 | Payments General

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

25 Aug 2020 | Payments General

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

14 Aug 2020 | Online Payments

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

NayaPay joins Visa Fintech Fast Track program

05 Aug 2020 | Online Payments

NayaPay has joined the Visa Fintech Fast Track program, helping the company’s integration process with.

NayaPay, Visa, partnership, fast-track, digital, digital payments, payments, Pakistan, Visa Fintech Fast Track, technology, Electronic Money Institution, EMI, emoney, merchants, debit cards, cards, online, transactions, retail, ATM, QR, mobile app, Visa Direct, cross-border, freelancer, remittances

TerraPay enables instant money transfers to Pakistan

05 Aug 2020 | Payments General

Payments infrastructure company TerraPay has teamed up with Bank Alfalah to launch home remittance services to Pakistan.

TerraPay, money transfers, Pakistan, Bank Alfalah, remittances

Lion International Bank partners with Singapore-based Thunes to launch cash pickup service

04 Aug 2020 | Payments General

Lion International Bank has partnered with global cross-border payment provider Thunes to launch a cash pickup service in Ethiopia. 

Lion International Bank, Thunes, cash pickup, remittances, Ethiopia

InstaReM, SBM Bank India tie-up to support outbound remittance experience

03 Aug 2020 | Payments General

InstaReM, the consumer and SME brand under global fintech platform Nium has partnered with SBM Bank India to support Outbound Remittances from India.

InstaReM, payments, cross border payments, remittances, partnership, India, SBM Bank India, Nium

Hong Kong-based Emq gets USD 20 mln to develop cross border financial tech

28 Jul 2020 | Payments General

EMQ, a Hong Kong-based startup that develops network infrastructure to make international payments faster, has raised a USD 20 million Series B led by WI Harper Group.

cross border remittances, Hong Kong, API, international payments, funding, remittances, online banks digital wallets, ecommerce

Europe e-invoicing market to reach USD 4217.6 mln by 2027 with CAGR of 17.1%

14 Jul 2020 | E-invoicing, SCF & E-procurement

The Europe-based e-invoicing market was valued at USD 1,241.7 million in 2019 and is projected to reach USD 4,217.6 million by 2027 at a CAGR of 17.1%.

e-invoicing, electronic billing, Europe, CAGR, customers, suppliers, trading agreement, invoices, purchase orders, debit notes, credit notes, payment terms, remittances, order to cash, procure to pay

Mastercard supports remitters in MENA region with Cross-Border Services

14 Jul 2020 | Payments General

Mastercard has rolled out Mastercard Cross-Border Services to enable people in the Middle East and North Africa (MENA) region to transfer money amid COVID-19 times.

banks, fintechs, mobile network operators, exchange, remittances, cross border payments, MENA, Mastercard

InstaReM expands fintech solution for SMBs to Australia

07 Jul 2020 | Payments General

InstaReM, a consumer and SMB brand under global fintech platform Nium, has launched SMB fintech solution BizPay in Australia.

InstaReM, remittances, money transfer, cards, debit card, credit card, payments, SMBs, Australia, fintech, Nium

Exclusive interview with Veronica Studsgaard, CEO and Founder of The International Association of Money Transfer Networks

07 Jul 2020 | Payments General

Veronica Studsgaard of IAMTN shares insights about the challenges specific to cross-border remittances, how COVID-19 affects migrants and international money transfers, and the future of this industry

Veronica Studsgaard, IAMTN, International Association of Money Transfer Networks, cross-border payments, remittances, COVID-19, migrants, international money transfers, remittance service providers

UnionPay, MiFinity team up for cross border remittance services

01 Jul 2020 | Payments General

UnionPay has teamed up with MiFinity, a remittance services specialist, to allow overseas Chinese to remit to UnionPay cards issued by 17 domestic banks through MiFinity’s official website and e-wallet.

cross border remittance, cards, UnionPay, remittances,

Transfast, Habib Bank partner for remittances in Pakistan

30 Jun 2020 | Payments General

US-based cross-border payments company Transfast has teamed up with Pakistan-based Habib Bank to allow people to transfer money to Pakistan.

Transfast, Habib Bank, remittances, Pakistan, US, cross-border payments, State Bank of Pakistan, commercial bank, money transfer, expatriates