money transfer

Money Transfers 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: businessdictionary.com

Sling Money Raises $15 Million for Money Transfer App
Sling Money Raises $15 Million for Money Transfer App
August 15, 2024  |  Investments

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...

READ MORE >
Wise Resumes Signing Customers in India to Tap $32 Billion Remittance Market
Wise Resumes Signing Customers in India to Tap $32 Billion Remittance Market
August 12, 2024  |  Cross Border Commerce

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...

READ MORE >
Pomelo and Thunes Partner on International Money Transfer Solution
Pomelo and Thunes Partner on International Money Transfer Solution
May 09, 2024  |  Partnerships

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...

READ MORE >
Pomelo Officially Launches Product Combining Credit and International Money Transfer
Pomelo Officially Launches Product Combining Credit and International Money Transfer
April 22, 2024  |  Cross-border Payments

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...

READ MORE >
Western Union Marks 100 Concept Stores in Europe
Western Union Marks 100 Concept Stores in Europe
December 06, 2023  |  Cross-border Payments

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...

READ MORE >
FTC: Walmart ‘Turned Blind Eye’ to Telemarketing Rule Violations
FTC: Walmart ‘Turned Blind Eye’ to Telemarketing Rule Violations
July 02, 2023  |  Walmart

Federal regulators have offered new details in a legal action involving Walmart’s money-transfer operations. The Federal Trade Commission (FTC) announced Friday (June 30) that it had amended its year-old complaint against the...

READ MORE >
Money Transfer Company Wise Reports 37% YOY Increase in Volumes
Money Transfer Company Wise Reports 37% YOY Increase in Volumes
June 27, 2023  |  Earnings

Money transfer company Wise increased its customer base by 34% and its volumes by 37% over the last year. During the 12 months ended March...

READ MORE >
Money Transfer Firm Instant Cash Receives License From UAE Central Bank
Money Transfer Firm Instant Cash Receives License From UAE Central Bank
May 25, 2023  |  Mobile Payments

Instant Cash has received a license from the Central Bank of the United Arab Emirates (CBUAE). With this Retail Payment Services and Card Scheme Regulation...

READ MORE >
Rising P2P Payments Driving Demand for More Seamless Money Movement Options
Rising P2P Payments Driving Demand for More Seamless Money Movement Options
April 11, 2023  |  Payment Methods

Call it peer-to-peer or person-to-person, but P2P is taking on new significance in a troubled economy where splitting the restaurant bill or lending your friend...

READ MORE >