Money transfer firm Wise is reportedly hoping to tap India’s $32 billion remittance market. To that end, Wise plans to begin signing up new customers in the world’s most populous nation after pausing that side of its business in the country, company officials told Bloomberg News Monday (Aug. 12)....
Pomelo and Thunes have partnered on an international money transfer solution from the United States to the Philippines. This credit-based digital wallet solution provides a remittance method that reduces costs and enables users to build their credit history in the U.S., the companies said in...
Pomelo has announced its official launch after several months of private beta. The company is launching with $70 million in seed financing that includes $20 million in venture capital and $50 million in warehouse facility, the company said in a Monday (April 22) press release. Pomelo offers a product...
Western Union says it has expanded its network of concept stores in Europe. The cross-border money transfer provider announced Wednesday (Dec. 6) that it now has 100 concept stores and “company-owned hubs” across the continent, with plans to “significantly” expand that number through 2025. “The network represents an...
December 14, 2022
While digitization has transformed the global remittance market, it is far from a one-dimensional process. After all, any money transfer service aiming for global coverage needs to be flexible enough to move money across diverse payment ecosystems and fragmented regulatory landscapes, while meeting the different needs of senders and receivers. With these evolving factors at […]
July 15, 2019
Xoom, PayPal’s international digital money transfer service, is launching in the U.K. and 31 countries, allowing millions of users to remit in bytes and bits. Julian King, Xoom general manager,...
June 05, 2019
Today (June 5), Visa and Western Union struck a strategic agreement to move money between consumers focused on expedited remittances. Bill Sheley, global head of push payments at Visa, tells...
June 03, 2019
Despite the dreams and expectations among all kinds of people during the rise of eCommerce and digital payments, cash isn’t really going away. Sure, one may find numerous instances and...
August 15, 2024
Stablecoin-centric money transfer app Sling Money has raised $15 million in new funds. Sling’s app combines stablecoin technology “with a user-friendly interface” and integration with fiat payment systems for easier money movement, according to a Thursday (Aug. 15) news release. “With Sling Money, users can easily send money instantly across 50+ countries across Europe and Africa to other […]
August 12, 2024
Money transfer firm Wise is reportedly hoping to tap India’s $32 billion remittance market. To that end, Wise plans to begin signing up new customers in the world’s most populous nation after pausing that...
May 09, 2024
Pomelo and Thunes have partnered on an international money transfer solution from the United States to the Philippines. This credit-based digital wallet solution provides a remittance method that reduces costs...
April 22, 2024
Pomelo has announced its official launch after several months of private beta. The company is launching with $70 million in seed financing that includes $20 million in venture capital and $50...
