Category: Remittance
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Visa & Western Union Collaborate for Cross-Border Transfers
Visa and Western Union expand their collaboration to transform how money is transferred across borders using Visa Direct Leading payments processing company Visa has expanded its collaboration with Western Union by signing a new seven-year agreement that will enable Western Union customers to send money across borders to family and friends with eligible Visa cards. Visa will deliver this…
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Ghana says repairs on subsea cables could take five weeks
Ghana’s National Communications Authority said it held a meeting with the four subsea cable landing service providers – Africa Coast to Europe (ACE), MainOne, owned by data center operator Equinix, South Atlantic 3 (SAT-3) and the West Africa Cable System (WACS) – and mobile network operators. Repairs on damaged subsea cables that are causing internet…
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Capital One Could Buy Discover In Major Credit Card Merger
Capital One is considering acquiring Discover Financial, multiple outlets reported Monday, a move that would combine two of the nation’s largest credit card companies and reportedly create the single biggest U.S. credit card firm by volume of loans. KEY FACTSThe Wall Street Journal reported a deal could be announced as early as Tuesday, citing sources…
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‘Two taps and someone’s life savings could be gone’: Venmo, Zelle and Cash App fraud is ‘skyrocketing’, top District Attorney warns, demanding companies do more to protect users
Venmo, Zelle and Cash App are leaving customers vulnerable to theft, a top District Attorney has said Manhattan District Attorney Alvin Bragg accused the instant payment apps of putting customers at risk of fraud which is ‘draining bank accounts of significant sums of money.’ Bragg sent letters to the popular apps demanding that they increase…
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The history and evolution of the fintech industry
The fintech industry has evolved from early adopters using technology to automate financial services to a comprehensive revolution of the financial sector. The financial technology (fintech) industry has its roots in the late 20th century, with the advent of electronic banking and online stock trading. Since then, fintech has expanded and changed over time as…
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Coinbase and Business Accounts: How to Connect Them in 2024
In 2024, connecting Coinbase with business accounts has become a strategic move for companies Businesses are increasingly recognizing the importance of integrating digital assets into their financial operations. Among the platforms facilitating this integration, Coinbase stands out as one of the most popular and trusted exchanges. In 2024, connecting Coinbase with business accounts has become a strategic…
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16 African banks that offer instant deposit, PayPal,Google Pay and Apple Pay integration:
Across Africa, the mobile revolution has brought not just communication but also a wave of financial inclusion. Instant deposit platforms, PayPal, Google Pay, Apple Pay and CashApp are playing a vital role in this transformation. These services offer: However, challenges remain. Limited internet access and digital literacy require further infrastructure development and education. Additionally, ensuring…
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Robinhood to roll out US stock trading in British market
Robinhood CEO Vladimir Tenev said in an interview with Bloomberg that the company is still focused on its global aspirations, and its U.K. expansion is one step toward that. In another attempt to expand its business internationally, online trading platform Robinhood has announced plans to launch its stock exchange application in the United Kingdom. In…
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Yellow Card Partners with PayPal to Accelerate Crypto Adoption and Financial Inclusion
Yellow Card, a fintech company on the African continent operating across 20 countries, has launched PayPal USD (PYUSD), the stablecoin from PayPal, issued by blockchain and digital asset solution provider Paxos Trust Company. According to Yellow Card, which offers a crypto exchange, cross-border payments powered by crypto, as well as an API suite for companies to on-and-off-ramp anyone…
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Convera completes purchase of Western Union Business Solutions
Non-bank B2B payments fintech Convera has completed the acquisition of Western Union Business Solutions (WUBS) after acquiring it for $910m in 2021 The new addition enables Convera to focus instead on its planned investments to change cross-border payments in the coming years. The company works with clients ranging from small business owners to enterprise treasurers,…
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