Payments News

On The Web

nbsp;

Domains

Even When They Lost Their Jobs, Immigrants Sent Money Home

“Mr. Perlera and many other immigrants like him have managed to continue sending substantial amounts of money home, even after the coronavirus pushed their own jobs and earnings into free fall — belying early warnings of a dire global consequence from the pandemic. The World Bank had predicted in April that remittances transferred to Latin […]
nbsp;

Domains

Remittances to Mexico hit third highest level on record in July

“Remittances sent to Mexico, a major support for the Mexican economy and in particular for low-income families, continued its historic 2020 run and rose in July to the third highest level on record, central bank data showed on Tuesday. Mexico received $3.53 billion in remittances in July, up by more than 7% compared to the […]
nbsp;

Deals

WorldRemit to Acquire Sendwave in $500 Million Payments Deal

“WorldRemit Ltd. , a U.K. online money transfer company, has agreed to buy Africa-focused, app-based remittance firm Sendwave as the global pandemic intensifies demand for digital banking. The cash and stock deal is worth more than $500 million, according to a person with knowledge of the matter. The combined company will be valued at more […]
nbsp;

Domains

Paysend enters technology partnership with Alipay for global remittances

“Paysend, the global Fintech corporation based in UK, announces a technology collaboration with Alipay to provide Paysend’s users with cross-border money transfer that brings more convenient and inclusive services to consumers globally. Paysend said the agreement is a significant step forward towards creating a more inclusive and accessible global money transfer market.”
nbsp; nbsp;

On The Wires

nbsp;

Domains

Ria Money Transfer Partners with Thunes, Expanding Its Global Reach Via Mobile Money and Bank Transfers

“Ria Money Transfer, a global leader in the money transfer industry and subsidiary of Euronet Worldwide Inc. (NASDAQ: EEFT), and global cross-border payment provider Thunes announced today a strategic partnership to enable customers across the globe to send funds directly to millions of mobile wallet users and bank account holders in key emerging markets.”
nbsp;

Domains

Airtel Tanzania Launches International Payments with WorldRemit

“Airtel Tanzania has collaborated with WorldRemit , the global payments company to enable Airtel Money customers to send and receive money directly into their Airtel Money wallets from abroad. Airtel Money customers can receive money from over 50 countries worldwide including a number of countries including the United States, United Kingdom, Australia, Sweden, Canada, Germany, […]
nbsp;

Domains

WorldRemit Launches WorldRemit Transfer Tracker App

“WorldRemit, a leading global digital payments company, has launched The WorldRemit Transfer Tracker mobile App for recipients of money transfers which allows them to track their remittances. The WorldRemit Transfer Tracker App is now available through the Google app store in Nigeria, India, Mexico and Colombia. It will also be free to download through the […]
nbsp;

Domains

Remitly Doubles Mobile Wallet Offerings and Global Consumer Reach Amid COVID-19 Pandemic

Remitly, the largest independent provider of remittance and transformative financial service products for immigrants, today announced the expansion of its mobile wallet network, which now reaches more than 300 million mobile wallet holders across the world, more than doubling its reach from 160 million earlier this year. Since March, Remitly has added 11 new partners […]