Ria Money Transfer, has partnered with Brazil’s Banco Rendimento, to offer instant payments as the company attempts to improve its money transfer service. Improved service Ria Money Transfer is a company owned by Euronet, the $8.14 billion publicly-traded company. In a statement, the company said that it will offer real-time instant payments in Brazil by […]
Revolut, the fast-growing UK digital banking company, extended waiving fees for funds transfer to India as the country battles the coronavirus pandemic. India and Malaysia waiver In a statement, Revolut announced that it will extend the fee waiver for customers sending money to India using its platform. The free program will end on July 10. […]
Nubank, the giant Brazilian fintech company, has raised millions of dollars as the company’s growth accelerates. New funding for Nubank Nubank is a fast-growing Brazilian company that is changing how people bank, buy insurance, and send money. The firm was started in 2013 by David Velez, a well-known Colombian businessman. In the past eight years, […]
PayPal, the giant fintech company that owns Xoom, announced new plans to do more to help minorities and underserved communities. Xoom owner to invest in underserved communities PayPal is one of the biggest fintech companies in the world with a market capitalisation of almost $300 billion. The company owns its eponymous PayPal brand and other […]
The Turkish lira dropped to a record low against the US dollar after the country’s president asked the Central Bank to lower interest rates. The currency dropped to 8.8153 against the US dollar and to 12.4236 against the British pound. Turkish lira slumps The Turkish lira has emerged as one of the worst-performing currencies in […]
Remittances from the United States could accelerate as the country’s economy bounces back and the labour market tightens. Outflow to continue The US is the world’s biggest source of remittances globally. This is because of the size of the American economy and the sizable part of its immigrant population. In 2020, remittances from the country […]
Ria Money Transfer, a leading cross-border payment company, has inked a partnership with Mooney, an Italian banking and payment company. Ria partners with Mooney In a statement on Thursday, Ria Money Transfer said that it had formed a partnership with Mooney, a leading fintech company in Italy. The partnership will help the company reach more […]
Paysend, the fast-growing money transfer company, has raised $125 million from a team of investors for its global expansion. Another windfall for PaySend The demand for online money transfer services has increased in the past few years. Indeed, the coronavirus pandemic was a blessing in disguise for the industry. Indeed, most companies in the sector […]
MoneyGram momentum is accelerating as demand for cross-border payment solutions rise. The company reported strong revenue and transaction growth in April. MoneyGram transaction growth MoneyGram is a publicly traded company that offers local and cross-border solutions globally. The firm has a market capitalisation of more than $639 million, making it a leading player in the […]
Thunes, a Singapore-based fintech company, scooped $60 million in investment this week as investors continue to bank on the sector. Another $60 million for Thunes Thunes is a cross-border payment business-to-business company that helps firms process funds to their customers and employees. The firm offers mass payouts, remittance processing, business payments, and virtual accounts. Its […]