Remittances - FinTech Futures

Remittances

Lerex Technology

Sendit.Money chooses Lerex Technology for prepaid payments tech

Mobile wallet provider picks UK prepaid firm in preparation for launch.

Cuba’s only telco ETECSA granted payment provider licence

The firm can now convert customers’ balances into electronic money.

Extended deadline announced for PayTech Awards 2021

Recognising excellence and innovation in the use of IT in the finance and payment industry worldwide!

PayTech Awards 2021 now open for entries!

Open to financial and payment institutions worldwide, technology and service providers, individuals and teams.

London fintech WorldRemit mulls taking $1.5bn Spac listing to US

Refinitiv data shows Spac mergers have surged to a record $170 billion this year.

MFS Africa invests in London with all-new executive team

“London has taken up the mantle of fintech advocate and champion.”

Fintech funding deals globally 1-7 March 2021

Featuring Klarna, Papaya Global, TaxBit, Beam Technologies, and Xendit.

International cash transfer app Rewire lands $20m led by OurCrowd

Jerry Yang, former Yahoo! CEO and director at Alibaba, also invested.

UK Black-owned challenger Atmen to launch in March

The start-up is now looking to raise £5 million from institutional investors.

UK-Nigeria mobile wallet Sendit.Money goes crowdfunding

It has already exceeded its £100,000 target, having raised £146,006 at time of writing.

Revolut sets sights on India with remittance service

The firm is in talks with the Reserve Bank of India, local banks and fintech start-ups.

UK’s Crown Agents Bank bags Finablr’s Bhairav Trivedi as next CEO

Crown Agents Bank is a small, profitable, UK-regulated bank.

Israeli remittance fintech Rewire targets one million customers by end of 2021

Rewire currently boasts more than 200,000 European accounts.

TransferWise preps for 2021 IPO

The firm has asked investment banks to pitch in the new year for roles on an impending IPO.

MFS Africa opens up continent to PayPal’s remittance service Xoom

Present in a whopping 160 markets already, Xoom still wants more of the pie.

Western Union snaps up 15% stake in Saudi telco’s payments arm

Currently Western Union provides stc pay with money transfer services.

TransferGo secures £4m from Silicon Valley Bank

The pre-Series C investment funds will be used to develop and expand its RTP platform.

African remittance firms thrive amid COVID-19

Azimo saw a nearly 200% increase over the expected number of new customers in April, May and June.

Crown Agents Bank pens Vodacom mobile payments partnership

The bank extends its services to a potential pool of 13.4m customers.

Thunes raises $60m in Series B round to power network expansion

Thunes plans to extend its reach in Asia, Africa, and Latin America.

TrueMoney partners with Thunes to activate global remittances

Thunes claims to work with partners in more than 100 countries.

WorldRemit partners with Juba Express on Somali remittance services

Somalis emigrates send $1.4 billion back home every year.

Singapore’s cross-border transfer fintech Nium lands EMI in UK

Nium evolved from a consumer remittance service to a B2B offering.

2020 PayTech Awards hosted online by Zoe Lyons

Join our celebrity host Zoe Lyons for PayTech Awards 2020! Free broadcast on 10 September – everyone is welcome.

TransferWise goes global with Mastercard partnership

The two firms extend a deal signed in 2018.

TransferWise delivers cross-border transfers for Aussie challenger Up

TransferWise thinks there’s money on the table in Australia.

Currencycloud signs up Starling Bank for new multi-currency account

TranSwap, and Remitr have also signed up for its new multi-currency wallet.

US remittance start-up Remitly lands $85m

The remittance market is set to suffer from the pandemic.

UAE’s remittance fintech Denarii Cash expands beyond Middle East

The new corridors span the Middle East, and into South East Asia and Africa.

TransferGo hires Edgardo Savoy as new CTO

Savoy will be responsible for leading TransferGo’s team of more than 60 engineers.

Newly licensed RevoluPAY taps global remittance market

The fintech landed its PSD2 licence in Spain at the end of May.

UnionBank to tap rural Philippines with 11,000 remittance counters

70% of Filipino adults are still unbanked.

MoneyGram makes another move into South Korea

The remittance firm wants a “leading” position in South Korea’s P2P remittance market.

Commercial Bank of Dubai partners with Thunes for remittances

UAE-based bank enables transactions via its mobile app and online banking.

Santander’s PagoFX rolls out business offering and adds more currencies

Eight currencies from the Middle East and Central and Eastern Europe (CEE) have been added.

FX fintech Wallex lands Series A led by Ant Financial-backed VC

The value of the round has not been disclosed.

MoneyGram signs remittance partnership with Al Rajhi Bank

The remittance firm will support Al Rajhi in Saudi Arabia both digitally and in-branch.

Western Union reportedly makes acquisition bid for MoneyGram

Two of America’s largest money transfer and remittance services could be joining forces.

Locked out of Europe: fintechs holding the key to financial inclusion of refugees

Fintechs could, in principle, fill the void left by the large incumbents.

Streamlining remittance, empowering migrant workers & driving inclusion worldwide

The ability to send money home is critical, but not always easy for migrant workers.

1 2 3 Next »