remittances

Beyon Money Taps TerraPay to Enhance Popular Bahrain Remittance Corridors
Beyon Money Taps TerraPay to Enhance Popular Bahrain Remittance Corridors
February 06, 2023  |  Payment Methods

TerraPay has partnered with Beyon Money to enhance outward remittances from Bahrain in key corridors. The London-based cross-border payment services provider announced the partnership in...

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Fintiv and Geoswift Partner on Digital Remittances to Asia
Fintiv and Geoswift Partner on Digital Remittances to Asia
February 03, 2023  |  Cross-border Payments

Fintiv and Geoswift have partnered on enabling cross-border remittance payments into Asia. The collaboration — which brings together Fintiv’s mobile commerce platform and Geoswift’s payment...

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UK Watchdog Warns of Price Fixing Among Money Transfer Firms
UK Watchdog Warns of Price Fixing Among Money Transfer Firms
January 25, 2023  |  Regulation

The U.K.’s consumer watchdog has accused three money transfer firms of price fixing. The Financial Conduct Authority (FCA) alleged in a Wednesday (Jan. 25) news release that Dollar East, Hafiz Bros...

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MoneyGram and Astra Tech Team on Money Transfers by Text
MoneyGram and Astra Tech Team on Money Transfers by Text
January 25, 2023  |  Partnerships

MoneyGram and Astra Tech are collaborating amid growing demand for Middle Eastern money transfer services. The partnership will see MoneyGram offer transfer services via Astra’s...

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CFPB’s Busy 2023 Has Overdraft Fees, Financial Data on the Agenda
CFPB’s Busy 2023 Has Overdraft Fees, Financial Data on the Agenda
January 20, 2023  |  CFPB

Right out of the gate, the Consumer Financial Protection Bureau (CFPB) has had a busy 2023. The pace won’t slow as the year goes on,...

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Sen. Wyden: Money Transfer Surveillance Program Larger Than Previously Reported
Sen. Wyden: Money Transfer Surveillance Program Larger Than Previously Reported
January 18, 2023  |  Data

The amount of money transfer data available to law enforcement is larger than previously reported. The database includes 150 million such transfers from the United...

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CFPB’s Fee Focus May Reshape $626B Remittance Payments Industry
CFPB’s Fee Focus May Reshape $626B Remittance Payments Industry
January 17, 2023  |  CFPB

With a focus on fees, the Consumer Financial Protection Bureau (CFPB) may reshape cross-border payments, specifically the hundreds of billions of dollars in remittances that...

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CFPB’s Next Target Is Cross-Border Payments
CFPB’s Next Target Is Cross-Border Payments
January 16, 2023  |  CFPB

America’s top consumer watchdog is reportedly looking to strengthen its rules for overseas money transfers. The Consumer Financial Protection Bureau (CFPB) is considering new restrictions...

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PayPal’s Xoom Teams With Visa on X-Border P2P
PayPal’s Xoom Teams With Visa on X-Border P2P
January 12, 2023  |  Payment Methods

Xoom now lets U.S. customers send money to eligible Visa debit cards in 25 countries. The new service meets consumers’ growing demand for quick, easy...

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