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

Paysera and Ria Team to Help Unbanked Consumers
Paysera and Ria Team to Help Unbanked Consumers
March 12, 2023  |  Financial Inclusion

Paysera has teamed with Ria Money Transfer to help unbanked customers send and receive money. The partnership, announced Friday (March 10), lets clients send money...

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Western Union and Regions Bank Extend Global Money Transfer Partnership
Western Union and Regions Bank Extend Global Money Transfer Partnership
February 22, 2023  |  Payment Methods

Western Union has decided to continue its 12-year-old partnership with Regions Bank. The two companies announced a five-year extension to their agreement Wednesday (Feb. 22), allowing consumers to use...

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Western Union Appoints Matt Cagwin CFO at ‘Pivotal Inflection Point’
Western Union Appoints Matt Cagwin CFO at ‘Pivotal Inflection Point’
January 25, 2023  |  Personnel

Western Union has appointed interim Chief Financial Officer Matt Cagwin as CFO. Cagwin had served as the cross-border money transfer firm’s interim CFO since September...

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UK Watchdog Warns of Price Fixing Among Money Transfer Firms
UK Watchdog Warns of Price Fixing Among Money Transfer Firms
January 25, 2023  |  Regulation

The U.K.’s consumer watchdog has accused three money transfer firms of price fixing. The Financial Conduct Authority (FCA) alleged in a Wednesday (Jan. 25) news release that Dollar East, Hafiz Bros...

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Consumer Financial Protection Bureau: UniTeller Failed to Refund Users
Consumer Financial Protection Bureau: UniTeller Failed to Refund Users
December 22, 2022  |  CFPB

The Consumer Financial Protection Bureau says money transfer service UniTeller failed to provide customer refunds. The CFPB has ordered the New Jersey-based company to refund...

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International Money Transfer Firm Wise Launches New Savings Product
International Money Transfer Firm Wise Launches New Savings Product
December 15, 2022  |  emea

International money transfer company Wise has launched a new savings product. Launched in the U.K. on Thursday (Dec. 15), the new “Interest” product lets Wise...

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Global Money Transfer Business Requires Ongoing Reinvention Amid Rising Competition
Global Money Transfer Business Requires Ongoing Reinvention Amid Rising Competition
December 14, 2022  |  Cross-border Payments

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...

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Nigerian Money App Kuda Launches in UK
Nigerian Money App Kuda Launches in UK
November 09, 2022  |  Cross-border Payments

The Nigerian money app Kuda, announced Wednesday (Nov. 9) that it is launching in the U.K. as part of a global expansion drive with a...

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WU’s (Maybe) Bid For MoneyGram: Critical Mass In Digital C2C Pivot?
WU’s (Maybe) Bid For MoneyGram: Critical Mass In Digital C2C Pivot?
June 02, 2020  |  Partnerships / Acquisitions

The recession is upon us, and as consumers stash the cash, and wallets are walloped, a seismic shift may be brewing in the money transfer...

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