money transfers

Electronic funds transfer 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: en.wikipedia.org

Western Union Partners With African Banks for Easy Cross-Border Transfers
Western Union Partners With African Banks for Easy Cross-Border Transfers
September 30, 2021  |  Cross-border Payments

Western Union is teaming up with major financial institutions (FIs) in Africa to make digital cross-border money transfers and bill payments faster and easier, according...

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London FinTech TransferGo Raises $50M in Series C for Digital Payments
London FinTech TransferGo Raises $50M in Series C for Digital Payments
September 30, 2021  |  Investments

Money transfer startup TransferGo raised $50 million in a Series C funding round led by Elbrus Capital Fund III and Black River Ventures, according to...

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Inside Remitly: Five Things to Know About the Newly Listed Money Transfer FinTech
Inside Remitly: Five Things to Know About the Newly Listed Money Transfer FinTech
September 27, 2021  |  IPO

Global remittance startup Remitly has made its trading debut on the Nasdaq under the ticker RELY, raising about $300 million through its IPO, which was...

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African FinTech Wave Wraps up $200M Series A Funding Round
African FinTech Wave Wraps up $200M Series A Funding Round
September 07, 2021  |  Investments

African mobile money provider Wave recently wrapped up a $200 million Series A funding round that was the largest ever for a company of that...

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Cambodia Partners With Malaysia For Cross-Border Digital Money Transfers
Cambodia Partners With Malaysia For Cross-Border Digital Money Transfers
August 13, 2021  |  International

Cambodia’s central bank is partnering with Malaysia’s Maybank for digital cross-border money transfers. The transfers will initially start with Malaysia to Cambodia, with Cambodia to...

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Western Union Debuts Money Transfers Through UnionBank App In Philippines
Western Union Debuts Money Transfers Through UnionBank App In Philippines
August 11, 2021  |  Digital Payments

Global money movement and payment company Western Union and financial services provider PERA HUB have integrated Western Union’s digital money transfer tools into the UnionBank...

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RippleNet Expands Operations In S. Korea-Thailand Remittance Corridor
RippleNet Expands Operations In S. Korea-Thailand Remittance Corridor
August 11, 2021  |  Global Payments

RippleNet, Ripple’s global financial network, announced on Wednesday (Aug. 11) a third addition to its list of financial institutions (FIs) and money transfer companies in...

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Interac Launches Business e-Transfers For Real-Time Payments
Interac Launches Business e-Transfers For Real-Time Payments
August 04, 2021  |  B2B Payments

Canada-based Interac is collaborating with 13 financial institutions to introduce real-time electronic transfers (e-Transfers) to enable the transfer of business funds within seconds. “The launch...

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The Strongest Digital Players Will Redefine The Market
The Strongest Digital Players Will Redefine The Market
August 03, 2021  |  Digital Payments

In A Decade of Digital Transformation in 12 Months, 46 C-suite executives spoke with PYMNTS for its Q2 eBook on what the world will look...

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