Global Transfers news and trends

EU’s Transfer Service Takes Aim At PayPal
International // November 30, 2018

The European Central Bank launched the TARGET Instant Payment Settlement, or TIPS, on Friday (Nov. 30), with the aim of competing with PayPal and other payment tech giants, according to a report by Reuters. TIPS allows customers and companies to transfer euros in seconds, whether the...

Remitly Expands Into 11 New Send Countries In Europe
Cross Border Commerce // September 12, 2018

Remitly, the independent digital remittance company, announced on Wednesday (Sept. 12) that it has expanded into 11 new send countries across Europe. In a press release, Remitly said the expansion gives millions of customers access to a more modern remittance experience. “In one year, we’ve...

TransferWise Teams Up With Groupe BPCE To Offer In-App Transfers
Banking // June 04, 2018

With a partnership between TransferWise and Groupe BPCE, customers of the European banking group will be able to use TransferWise’s international money transfer service directly through the company’s app. In addition, TransferWise will have access to the banking group’s 15 million retail clients, Reuters reported. “TransferWise...

TransferWise Will Support Apple Pay In The US, Other Countries
Payment Methods // July 28, 2017

TransferWise, the FinTech that allows its users to send money internationally, will soon support Apple Pay. According to a report in Reuters, which cited TransferWire, the payments company is supporting Apple Pay in an effort to make international money transfers simpler and more secure. TransferWise...

Quick Reads
Today in FinTech Ukraine: Revolut Raises $10.9M for War Victims; Santander Bank Suspends Fees on...

March 11, 2022
Revolut, the global financial super app, has raised more than 10 million euros ($10.9 million) to support victims of the war in Ukraine through donations to the Red Cross Ukraine appeal, the Stockholm-based company announced. The money includes donations from customers together with contributions from Revolut. The campaign to allow millions of customers worldwide to […]

EU’s Transfer Service Takes Aim At PayPal

November 30, 2018
The European Central Bank launched the TARGET Instant Payment Settlement, or TIPS, on Friday (Nov. 30), with the aim of competing with PayPal and other payment tech giants, according to...

Remitly Expands Into 11 New Send Countries In Europe

September 12, 2018
Remitly, the independent digital remittance company, announced on Wednesday (Sept. 12) that it has expanded into 11 new send countries across Europe. In a press release, Remitly said the expansion...

TransferWise Teams Up With Groupe BPCE To Offer In-App Transfers

June 04, 2018
With a partnership between TransferWise and Groupe BPCE, customers of the European banking group will be able to use TransferWise’s international money transfer service directly through the company’s app. In addition,...