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Money Transfer

FintechNews Roundup
·Jun. 5, 2019

Visa and Western Union Form Strategic Alliance

Western Union is teaming up with Visa Direct to enable real time push payments that will bring more speed and...
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EuropeFintechNews Roundup
·Apr. 17, 2020

Santander Launches Money Transfer Fintech to Compete with TransferWise

Santander has launched a new money transfer business to take on the likes of TransferWise; PagoFX was created after Santander...
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Western Union
LatAm
·Nov. 3, 2022

Western Union Brazil adding digital wallet: How many wallets can LatAm’s largest economy take?

Western Union announced plans to deploy its digital banking offering in South America's largest economy.
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FintechNews RoundupUSA
·Apr. 4, 2018

Walmart Expands Global Money Transfer

Walmart has expanded their money transfer service to over 200 countries and all their U.S. locations; the expansion is through a partnership with Moneygram; Walmart’s move comes after recent news of Amazon expanding their financial services options for customers; “Money transfer services are like bread at the restaurant for Walmart; it’s negligible revenue for them,” said Daniel Ives, chief strategy officer at GBH Insights tells TearSheet. “The broader strategy is to build up that product arsenal on the consumer side  — every Walmart customer globally is an Amazon customer that could be taken away.” Source.

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Woman holds dollars and phone in her hands. Online money transfer.
Fintech
·Mar. 31, 2023

TransferGo pledges to keep fees below 3% for Ukraine money transfers

When war broke out in Ukraine last year, Daumantas Dvilinskas and his team at TransferGo quickly realized the intensifying need for money transfering services such as theirs.
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FintechNews RoundupUSA
·Mar. 26, 2018

Santander Partners with Ripple on International Money Transfer App

Santander has teamed up with Ripple to bring to market the first international money transfer app by a large retail bank based on blockchain technology; the project does not yet have a launch date but Business Insider reports the companies said in the next few months; the app will allow for transfers to be settles within 24 hours and customers will be able to understand all costs before making a transfer. Source.

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