Tag: Money Transfer
Focus on the top 5 leading banking technology firms to watch in 2024
The banking sector is experiencing a major shift as we enter 2024, fueled by developments in banking technology. Leading banking technology firms are utilizing state-of-the-art technology to provide creative solutions and services that are transforming the traditional financial environment. These companies are improving the financial services sector’s client experience in addition to increasing the effectiveness…
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…
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…
Chime Inc. Faces CFPB Action for Alleged Deceptive Practices on Sendwave App
The Consumer Financial Protection Bureau (CFPB) has taken action against Chime Inc., the operator of the Sendwave mobile app, for deceiving consumers about the speed and cost of remittance transfers. Chime Inc. is not connected to the California-based FinTech Chime Financial. Chime Inc. has also been found guilty of illegally forcing consumers to waive their legal rights, failing to…
MoneyGram to Launch Non-Custodial Digital Wallet for Cross-Border Payments
MoneyGram plans to launch a non-custodial digital wallet that will offer new ways to send and receive cross-border payments. The wallet is set to debut in the first quarter of 2024 and will allow users to seamlessly move from fiat currency to digital currency and back again, the global FinTech company said in a Tuesday (Sept.…
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,…
Remitly to Acquire Rewire to Expand into Complementary Geographies with Account-Based Remittance Product
Remitly and Rewire share a commitment to transform the lives of millions of immigrants and their families with the most trusted and innovative financial services products. SEATTLE & TEL AVIV, Israel–(BUSINESS WIRE)–Aug. 16, 2022– Remitly Global, Inc., (NASDAQ: RELY) (“Remitly”), a leading global digital financial services provider for immigrants and their families, today announced that it has signed a definitive…
How Remitly Uses Behavioral Analytics to Foster Consumer Satisfaction
Immigrants working abroad want receivers to get their funds instantly, at the same time, remittance platforms need compliant systems to keep those transfers secure. In the Monetizing Digital Intent Tracker, Remitly CEO Matt Oppenheimer explains how authentication using behavioral analytics reduces fraud at the same time it creates a seamless cross-border P2P experience. Remittances are…
WorldRemit Completes Sendwave Acquisition And Appoints Two Executives To Its Management Team
Seasoned Veterans Join As WorldRemit’s Global Payments Network Processed c.$10 Billion In 2020 WorldRemit, the digital, global cross-border payments company today announced that it has completed its acquisition of Sendwave and announced that the combined companies processed circa US$10 billion in transfers in 2020. In addition, the company announced the appointment of Michael Ball as…
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