The Western Union Company has released its first quarter reports, saying that the revenue had been impacted by less retail money transfer along with its suspension of services in Russia and Belarus, a press release said Thursday (April 28). Digital money transfers revenue grew 5%,...
Nacha’s Same Day ACH has raised its per payment limit to $1 million on Friday (March 18), a press release said. The new threshold, up from $100,000, should create new use cases, and expand existing ones, including vendor and supplier payments for businesses, insurance claims,...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Western Union‘s rollout of an international money transfer service in Thailand. Remittances out of U.A.E. are on the rise with the take-off of digital transfers; Fortumo and Elisa have...
Amazon-backed independent digital money transfer startup Remitly recently told Reuters that it had launched its remittance services for users seeking to transfer money from the U.K. With the addition of Massachusetts earlier this year, Remitly serves users across all 50 U.S. states, in Canada and now...
October 17, 2023
The Consumer Financial Protection Bureau (CFPB) has taken action against Chime Inc., the operator of the Sendwave mobile app, for deceiving consumers about the speed and cost of remittance transfers. Chime Inc. is not connected to the California-based FinTech Chime Financial. Chime Inc. has also been found guilty of illegally forcing consumers to waive their […]
April 28, 2022
The Western Union Company has released its first quarter reports, saying that the revenue had been impacted by less retail money transfer along with its suspension of services in Russia...
March 18, 2022
Nacha’s Same Day ACH has raised its per payment limit to $1 million on Friday (March 18), a press release said. The new threshold, up from $100,000, should create new...
April 12, 2017
Amazon-backed independent digital money transfer startup Remitly recently told Reuters that it had launched its remittance services for users seeking to transfer money from the U.K. With the addition of Massachusetts...
