Articles with tag: transfer

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Ireland-based banks, Sia to develop instant money-transfer app

News | Online & Mobile Banking | 14 Jan 2021

A group of Irish banks have plans to set up an instantaneous money-transfer mobile app after selecting Italy-based fintech Sia to provide the technology, according to irishtimes.com.

Ireland, banks, Sia, Italy, fintech, instant money transfer, app, Revolut, Monzo, Nexi, Cassa Depositi e Prestiti, CDP, N26, neobank, traditional bank, payment

Rapyd raises USD 300 mln in Series D financing round

News | Online Payments | 13 Jan 2021

Fintech-as-a-Service company Rapyd has raised USD 300 million in a Series D financing round led by Coatue.

Rapyd, financing round, Series D, Coatue, API, local payment methods, cards, bank transfers, e-wallets

ISO 20022 and instant payments set to dominate the payments space

News | Online & Mobile Banking | 11 Jan 2021

Instant payments and ISO 20022 have the potential to become the messaging standards to be used for all financial communications, according to Payment Components.

ISO 20022, Payment Components, banks, Open Banking, PSD2, API, payment systems, instant payment, protocol, data transfer, payments messaging

UK fintechs call for a more market-led approach to providing open finance services

News | Online & Mobile Banking | 04 Jan 2021

A group of UK-based startups has asked the Financial Conduct Authority (FCA) to look into ending the control of traditional banking institutions, specifically their use of consumer data.

UK, fintech, FCA, Open Banking, banks, financial services, Coadec, Open Finance, TransferWise

ChinaBank, UnionBank extend free interbank transfer

News | Online & Mobile Banking | 24 Dec 2020

ChinaBank and UnionBank have announced they will extend free interbank transfer until 31 March 2021, while RCBC will also do the same until 31 January 2021.

ChinaBank, UnionBank, interbank transfer, RCBC, Instapay, PesoNet

MoneyGram to see the impact on its business arrangement from SEC's lawsuit against Ripple

News | Cryptocurrencies | 24 Dec 2020

MoneyGram has yet to see the impact on its business arrangement with Ripple from the US Securities and Exchange Commission’s (SEC) lawsuit against the latter company.

MoneyGram, XRP, Ripple, SEC, ODL, cross-border settlement, payments, money transfers

Hong Kong online banks gear up to business loans and wealth management offers

News | Online & Mobile Banking | 24 Dec 2020

Hong Kong’s new online-only banks have announced plans to venture into business lending and wealth management.

online banks, wealth management, lending, ZA Bank, savings accounts, transfer services, Mox Bank, Hong Kong, Livi Bank

Japan-based LINE Pay now supports Apple Pay for store purchases

News | Mobile Payments | 23 Dec 2020

LINE Pay, a mobile money transfer and payment service developed on the Japan-based communication app LINE, has informed that it started supporting Apple Pay.

LINE Pay, money transfer, payment service, Japan, LINE, Apple Pay, mobile wallet, NFC, QR code

Magazine Luiza to acquire payments company Hub in USD 56 mln deal

News | Online Payments | 22 Dec 2020

Brazil-based retailer Magazine Luiza, through its payments arm MagaluPay, has inked a deal to take 100% ownership of the payments firm Hub Prepaid Participações.

Magazine Luiza, Hub, Brazil, MagaluPay, Hub Prepaid Participações, Hub Fintech, prepaid cards, banking-as-a-service, BaaS, API, purchases, deposits, transfers, bill payments, cash withdrawals, recharges

PagoFX launches international money transfer service in Spain

News | Payments General | 21 Dec 2020

PagoFX, the international money transfer service, has announced that it is now available in Spain. 

PagoFX, money transfer, Spain, payments

India Post Payments Bank, Department of Posts launch the DakPay app

News | Mobile Payments | 16 Dec 2020

The Indian Department of Posts (DoP) and India Post Payments Bank (IPPB) have launched DakPay, a new digital payment app.

India Post Payments Bank, Department of Posts, DakPay, India, Asia, product launch, digital payment, financial inclusion, money transfers, QR codes, virtual cards, biometric security, utility bill payment

WorldRemit delivers USD bank transfers to Nigeria in time for Christmas

News | Online Payments | 15 Dec 2020

WorldRemit has launched a service for Nigeria-based customers that enables them to receive international transfers in their bank accounts in USD ahead of the Christmas celebrations.

WorldRemit, Nigeria, Central Bank of Nigeria, international transfers, bank transfers, cross-border payments, money transfers, mobile payments, online payments

Rabobank launches money transfer service based on mobile phone numbers

News | Mobile Payments | 14 Dec 2020

Netherlands-based Rabobank has launched a money transfer service based on mobile phone numbers.

Rabobank, the Netherlands, Europe, money transfer, mobile payments, IBAN, bank account, P2P payments

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

CHAI raises USD 60 mln in Series B funding

News | Ecommerce | 10 Dec 2020

South Korea-based payments company CHAI has raised USD 60 million in a Series B financing round by Hanwha Investment & Securities.

CHAI, Hanwha Investment & Securities, fund raiser, funds, funding, Series B, payments, credit cards, wire transfers, and digital wallets

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

Unit raises USD 18.6 mln to offer banking features as a service

News | Online & Mobile Banking | 09 Dec 2020

Unit has built a platform that lets third parties integrate banking services like payment cards, checking accounts, cash advances and money transfers into their own businesses by way of an API.

Unit, banking, payment cards, checking accounts, money transfers

Worldline and PayMyTuition enable more payment options for students across five continents

News | Online Payments | 08 Dec 2020

Worldline has partnered with PayMyTuition to simplify payments for international students and the universities they attend.

Worldline, PayMyTuition, business partnership, tuition, tuition payments, bank transfers, PSD2, global payment processing

TransferGo, Mastercard enable European customers to make secure cross-border payments

News | Online Payments | 07 Dec 2020

TransferGo and Mastercard have partnered to enable customers across 20 European countries to make international money transfers directly to a Mastercard debit or credit card.

TransferGo, Mastercard, business partnership, cards, Europe, international money transfers, cross-border payments, debit card, credit card