Payments News

On The Web

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Deals

TransferGo raises $10M additional funding, launches in 11 new markets

“TransferGo , the London-based international money transfer service, has raised another $10 million in funding, as it discloses that its customers numbers has surpassed two million. The round was co-led by Seventure, and Vostok Emerging finance, with follow-on funding from Hard Yaka, Revo Capital, and Bootstrap Europe. The startup is also announcing it has launched […]
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On The Wires

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Companies

Consumers Leverage Zelle® to Send and Receive Money in Times of Need

“Due to recent economic and societal changes, there has been an increase in consumers leveraging Zelle for everyday essentials such as paying back neighbors for groceries, reimbursing friends and family for canceled events, and sending money to loved ones in need. Since the beginning of March 2020, enrollments increased, running more than double-digit rates above average. More than […]
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Domains

Redstone Federal Credit Union Taps Fiserv for P2P Payments

“Turnkey Service for Zelle will enable P2P payments for Redstone members. This solution streamlines the onboarding process for financial institutions, helping to reduce costs and accelerate time-to-market for Zelle, which gives members a fast, safe and easy way to send money to and receive money from those they know and trust. In addition, Redstone is adding […]
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Companies

Mastercard Partners With Facebook to Enable Brazilians to Send and Receive Money Using WhatsApp

“Today, Mastercard announced the extension of its partnership with Facebook to offer a new and innovative way for Brazilians to send and receive money from friends and family on the WhatsApp application. Mastercard cardholders banking with Nubank and Sicredi are among the first in Brazil to experience payments on WhatsApp. Additional banking partners are expected […]
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Companies

Welcoming the Verse Team to Cash App

“We’ve acquired Verse , a Spanish P2P payments app that allows customers to send and receive payments from friends and family instantly, safely, and free of charge. We were drawn to Verse’s strong team, and they share a similar approach to us around inventing and learning to better serve customers. Verse will join the Cash […]
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