Payments News

On The Web

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Africa Leads the Way on Reimagining Remittance Regulations

“When travelling abroad, you might have encountered difficulties in withdrawing money and marvelled over how the rules and regulations differ from country to country. And if you ever tried to send money to someone outside of your country, you might have been even more exasperated. This is the state of affairs for remittances – the […]
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Deals

EXCLUSIVE U.S. Remittance Processor Remitly Hires Advisers for IPO -sources

“Remitly Inc has hired investment banks to prepare for an initial public offering (IPO) in New York this year that could value the U.S. remittance payments processor at around $5 billion, people familiar with the matter said on Thursday. It would be a significant jump from the $1.5 billion valuation the Seattle-based company attained in […]
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After Dropping Out of College in Nigeria, These Tech Entrepreneurs Have Now Been Snapped up by the Influential Y Combinator

“The co-founder and chief executive of Nigerian fintech Flux says dropping out of college helped to pave the way for the launch of a new crypto payments company, one that has since been backed by renowned start-up accelerator Y-Combinator…Flux is a cryptocurrency remittance app. It lets users convert sovereign currencies into crypto and then send […]
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On The Wires

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Passbook by Remitly Launches Suite of New Features

“Remitly , the mobile-first provider of international remittances and financial services for immigrants, today announced the launch of several new digital banking features in the Passbook by Remitly app. Remitly is rethinking how immigrants access banking services, and with the addition of new features, making the product work harder for customers. Sunrise Banks N.A. issues […]
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Domains

Nium and Travelex Launch New Digital Remittance Offering in Hong Kong – NIUM

“Travelex , one of the market leading  foreign exchange brands, alongside advanced global payments platform Nium , has today announced the launch of its new digital remittance offering (“Travelex International Money Transfer”) to users in Hong Kong. Already live in Australia and Singapore , this digital remittance offering – powered by Nium’s global payment rails and real-time […]
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Deals

Remitly Receives Investment From Visa to Help Accelerate Expansion of Cross-Border Money Transfer Network in Emerging Markets

“Remitly , the mobile-first provider of remittances and financial services for immigrants, today announced new funding from Visa, a world leader in digital payments. On the heels of a meaningful year for Remitly, Visa has made an equity investment in the digital provider, showcasing confidence in the quality and continuity of Remitly’s vision to provide […]