Payments News

On The Web

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Deals

Airwallex gets $160 million Series D to launch more cross-border financial products

“Airwallex , a Melbourne-based cross-border financial startup that achieved “unicorn” status last year, announced today that it has raised a $160 million Series D. Founded in 2015, the company’s financial services include foreign currency accounts that let businesses receive money from around the world. Airwallex’s system uses inter-bank exchanges to trade foreign currencies at a […]
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Domains

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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Domains

Santander launches PagoFX in the UK, a money transfer app to take on TransferWise and other fintechs

“A leaked Santander internal memo in 2017 likely set wheels in motion . Reportedly written by the bank’s head of innovation, the missive warned that a large chunk of the Spanish incumbent’s profits were at risk — specifically, those generated via international money transfers – because of the growing success of fintech challengers, such as […]
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On The Wires

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Domains

Derivative Path and Currencycloud Partner to Offer Electronic Foreign Exchange and Payments to Financial Institutions

“Derivative Path, Inc, a financial technology company offering a cloud-based trading platform for interest rate derivatives and FX, and Currencycloud, the leader in providing embedded FX and B2B cross-border payments for platforms of the future, have partnered to offer community and regional banks a full-scale solution to manage and grow their FX programs. Through this […]
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Companies

ACI Worldwide Teams with Wundr to Power Cross-Border Payments with Instant Settlement for Mid-Tier Retailers

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions , today announced that Wundr, a retail payments platform that fuses B2C digital payments and B2B business banking, will power its payments with ACI’s UP eCommerce Payments solution . ACI’s secure eCommerce technology, integrating digital payments with multi-layered fraud management […]
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Deals

Nium Closes Latest Funding Round

“Global fintech platform Nium announced its latest fundraise today. Visa, the world’s leader in digital payments, participated in the round along with existing investors. Another new investor to join the fold was BRI Ventures, the Corporate Venture arm of Bank BRI of Indonesia. Nium has carved a niche for itself and its diversified suite of […]
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Domains

Rapyd Disburse Launches With Expanded Global Payout Features, Supports Gig Economy and Marketplace Growth in Changing Economic Environment

“Rapyd, a global Fintech as a Service company, announced today a major expansion of Rapyd Disburse, an industry-leading mass-payout platform. The company has made significant investments in the Rapyd Global Payments Network in Europe and the Americas, and now offers more payout methods in Asia than any other payout platform. A simplified user interface for clients to onboard is […]
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Domains

MoneyGram Launches Partnership With Al Rajhi Bank to Transform Saudi Arabia Cross-Border Payments Market

“MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, today announced that it has entered into a strategic partnership with Al Rajhi Bank, the largest Islamic bank in the world, and Tahweel Al Rajhi, the remittances arm of Al Rajhi Bank, to provide money transfer services in Saudi Arabia. The partnership covers both […]