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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Domains

In the Middle of a Pandemic, Two Remittance Startups Thrive

“The business of global remittances, in which immigrants and expatriates send money to family and friends back home, has been slammed by the coronavirus pandemic. But at least two remittance providers — Remitly and TransferWise — say the disruption has brought new customers to their door.”
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Domains

Western Union Makes an Offer to Buy MoneyGram

“Western Union Co. is seeking to acquire MoneyGram International Inc. in a transaction that would bring together two of the largest U.S. providers of money-transfer services, according to a person familiar with the matter. Western Union has made a takeover offer for MoneyGram, said the person, who asked not to be identified because the matter isn’t […]

On The Wires

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Domains

WorldRemit Partners With Onfido to Deliver a Simple, and Faster Verification Process for Customers

“WorldRemit has today announced a new partnership with Onfido, the global identity verification and authentication company, to make it easier and quicker for customers to open an account with WorldRemit, to send money abroad. Partnering with Onfido will allow the FCA regulated international payments company to further automate the Know Your Customer (KYC) decision-making process […]
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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 […]
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Domains

Skrill Launches Free International Money Transfer Service In U.S.

“Paysafe, a leading specialized payments platform, today announced the U.S. launch of its Skrill Money Transfer service. Existing and new Skrill customers in the United States can now use the solution to transfer money for free to friends and family in Mexico, India and 16 other Asian and European countries, with others available shortly. Against […]
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Domains

South Africa’s Mama Money Expands Global Reach With Western Union – Customers Can Now Send International Money Transfers To 200 Countries And Territories Via The Mama Money Mobile App

“Western Union, a leader in cross-border, cross-currency money movement and payments, and Mama Money, a rapidly growing international money transfer company, have joined forces to enable Mama Money customers to send money to their loved ones around the world via Western Union’s Global Network. This collaboration will gear Mama Money’s more than 500,000 customers in […]