Roughly 60 percent of Western Union’s customers are now migrants sending money back to their home countries — and the shape of that remittance business isn’t necessarily what many payments-industry people assume. “Our largest market is the U.S. outbound market, sending money. In the receiving...
The Coin is finally in circulation. After months of delays, payment device startup Coin has started to ship its card that gives users access to as many as eight payment cards, the company said on Friday (April 17). The company was overwhelmed by the 350,000...
Discover has rolled out an exclusive feature for its consumer credit cards that lets customers block use of the card through a mobile app in near-real time, but without canceling the card, the company announced on Wednesday (April 15). The new “Freeze It” feature lets...
Mobile fashion shopping platform Spring has closed a $25 million investment and — after eight months iOS-only — launched an Android version of its app, Fortune reported on Thursday (April 16). The Series B funding round was led by founder David Tisch’s BoxGroup, with participation...
German food-delivery startup Volo has been acquired by Rocket Internet, just days after the Samwer Brothers’ startup factory invested in one of Volo’s soon-to-be-direct competitors, according to TechCrunch. Terms of the Volo deal weren’t disclosed. Volo is only six months old — it launched in...
It’s now clear where this month’s $10.5 million in funding for investment app Acorns came from — and what it’s for. On Wednesday (April 15) Acorns said it has raised $23 million in a funding round that will let it launch its first app for...
Yahoo, flush with cash from the sale of its stake in Alibaba and anxious to remake itself as a mobile-based business, may be in late-stage discussions to acquire Foursquare, according to TechCrunch — which admits that even its own sources at Yahoo don’t agree on...
Russian police have arrested five alleged members of a cybercrime gang responsible for Android malware that both stole payment card data and locked up smartphones, demanding a ransom, Forbes reported on Monday (April 13). Russia’s Ministry of Internal Affairs said it arrested five members of...
Indian mobile payments processor Paytm has passed 50 million mobile wallets and expects to hit 100 million this year, LiveMint.com reported on Monday (April 13). About 16 million of those wallets are actually used in any month, with the average user spending through it four...
