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

Walmart Money Transfer Goes Global
Walmart Money Transfer Goes Global
April 03, 2018  |  Cross Border Commerce

Sending funds overseas is big business in the United States. According to the World Bank, in 2016, roughly $138 billion in remittances were sent from the U.S. to receivers worldwide....

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Global B2B Transactions Approach $218T Value, Research Finds
Global B2B Transactions Approach $218T Value, Research Finds
March 27, 2018  |  B2B Payments

New research forecasts significant growth for the cross-border B2B money transfer industry. Juniper Research published its latest analysis on Monday (March 26), forecasting the global...

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Pay Back IOUs With Google Assistant
Pay Back IOUs With Google Assistant
March 23, 2018  |  Google

Google has announced that Google Assistant can now be used to pay people back with Google Pay. “When the weekend’s over, chances are someone owes...

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Venmo Puts Pause On Instant Transfers
Venmo Puts Pause On Instant Transfers
March 23, 2018  |  Mobile Payments

Venmo abruptly removed its instant money transfer feature on Wednesday, saying it needed to “make a few changes” to the service. According to The Verge,...

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French Startup Lydia Says It Wants To Take On PayPal
French Startup Lydia Says It Wants To Take On PayPal
February 16, 2018  |  Mobile Payments

A new startup is taking aim at PayPal. This time, it’s French startup Lydia, which recently raised a $16.1 million round (€13 million). According to...

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Western Union Reports Q4 Growth, Confirms Ripple Test
Western Union Reports Q4 Growth, Confirms Ripple Test
February 14, 2018  |  Earnings

Western Union reported results Tuesday that showed continued momentum in its digital business, as consumer money transfers grew on a cross-border basis. The company posted...

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Western Union Opens India Tech Center
Western Union Opens India Tech Center
January 30, 2018  |  International

Western Union, the wire payments company, announced news on Monday (Jan. 29) of the launch of its Western Union Technology Engineering Centre (WUTEC), a new...

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Zelle Reports New Account Openings Of 100K A Day
Zelle Reports New Account Openings Of 100K A Day
January 30, 2018  |  Mobile Commerce

Zelle, the mobile payment service of U.S. Bank, says that close to 100,000 customers sign up for the payment app on average each day. According...

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WorldRemit Lands $40M
WorldRemit Lands $40M
December 08, 2017  |  Investments

Leading digital money transfer service WorldRemit has raised $40 million to drive its next phase of growth, bringing its total amount raised to $220 million....

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