money transfers

Electronic funds transfer are electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff.

Source: en.wikipedia.org

PayPal Shares Jump On Positive Venmo, Earnings News
PayPal Shares Jump On Positive Venmo, Earnings News
October 19, 2018  |  Payments Innovation

Following a third-quarter earnings and revenue beat as well as a strong quarter for Venmo, shares of PayPal jumped 9 percent on Friday (Oct. 19)....

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SoftBank Builds Blockchain Mobile Payments Proof Of Concept
SoftBank Builds Blockchain Mobile Payments Proof Of Concept
September 13, 2018  |  Mobile Payments

Japanese telecom carrier SoftBank has announced a partnership with Synchronoss and TBCASoft on a Proof of Concept (PoC) for a new cross-carrier mobile payments service. The service...

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PayPal’s Funds Now Gives SMBs Instant Access To Sales
PayPal’s Funds Now Gives SMBs Instant Access To Sales
September 11, 2018  |  SMBs

When it comes to running a small business that accepts electronic payments, there are two words that business owners don’t like to hear from their...

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PayPal Blows Past 250M Active Accounts
PayPal Blows Past 250M Active Accounts
September 06, 2018  |  Mobile Applications

PayPal President and Chief Executive Dan Schulman announced on Thursday (Sept. 6) that the number of active accounts on its platform recently surpassed the 250...

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Xpress Money Continues Its African Expansion
Xpress Money Continues Its African Expansion
September 03, 2018  |  International

Xpress Money continues to expand its efforts in Africa as it tries to bring down the high remittance costs in the region, according to a...

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WeChat Pay Expands To Malaysia
WeChat Pay Expands To Malaysia
August 21, 2018  |  Digital Payments

Tencent’s WeChat, which is the leading messaging app in China, has rolled out a digital payment platform in Malaysia in what is its first Asian...

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Bambora Teams Up With Payworks, The Bank Of East Asia Unveils Payment Hub
Bambora Teams Up With Payworks, The Bank Of East Asia Unveils Payment Hub
August 14, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes WorldRemit’s partnership with Safaricom for money transfers to mobile money...

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Swiss Startup Liquineq Transfers Money Via The Blockchain
Swiss Startup Liquineq Transfers Money Via The Blockchain
August 08, 2018  |  Blockchain

Swiss startup Liquineq believes it can disrupt banking by safely and securely processing transactions within seconds using blockchain. But its aim is not to replace...

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MoneyGram Sees Top-Line Hit on Compliance, While Digital Gains 17 Pct YoY
MoneyGram Sees Top-Line Hit on Compliance, While Digital Gains 17 Pct YoY
August 03, 2018  |  Earnings

Money transfer giant MoneyGram beat expectations on the bottom line but missed on the top, as new compliance standards put in place by the company...

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