Remittances Archives - FinTech Futures

Remittances

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.

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