Payments News

On The Web

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Remitly and Alipay Partner on Cross-border Remittances

“Online money transfer service Remitly has partnered with payment platform Alipay to enable international remittances for its customers. Remitly customers will be able to transfer funds using their smartphone or computer. Also, users can receive money in the Alipay app. Remitly is said to be the first online money transfer service to launch this feature […]
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Western Union Tests Remote Home-based Service to Complete Money Transfers

“Western Union Co. launched a service called Digital Location, which allows customers to access personalized money transfer services from their homes.  The remittance company is piloting the service in several international markets, including Austria, Belgium, Italy, Portugal and Oman and allows customers to connect to a money transfer agent via video or voice call to […]
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Thai Banks Spread QR Code in Asean

“Thailand is set to kick off cross-border payment via QR code technology in Asean by mid-year, aiming to enhance financial transactions through the digital platform across the region. Digital payments between Thailand and Singapore, Cambodia and Myanmar are expected to begin in the middle of the year, said Siritida Panomwon Na Ayudhya, assistant governor for […]
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On The Wires

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Citi and PayPal Extend Partnership to Institutional Payments

“Citi clients will now have the added option of being able to pay directly into PayPal digital wallets via Citi’s WorldLink cross-border payments platform. As a result, clients will gain greater payment choice, flexibility, and speed when making global payments. PayPal customers will benefit by receiving associated funds fast, directly into their PayPal digital wallets.”
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TransferWise for Banks launches in Portugal with Activo Bank

“We’ve brought TransferWise for Banks to Portugal, enabling financial institutions to integrate TransferWise and offer their customers cheaper, faster, transparent payments to 85+ countries and 40+ currencies. This means any financial institution can integrate TransferWise’s API directly into their own infrastructure. And today we’re proud to announce that ActivoBank, the digital arm of Millennium BCP, […]
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Western Union and France’s La Banque Postale Expand Global Digital Payments

“La Banque Postale , the banking subsidiary of France’s postal services’ operator, La Poste Group and one of France’s major banking networks with 10.3 million active customers today announced – as payment agent of Western Union – the expansion of global digital payment services, powered by Western Union (NYSE: WU), a leader in cross-border, cross-currency […]