Money Transfer
Taking Stock of CBDCs and the Cross-Border Payments Landscape in Europe
Recent technological innovations and increasing demand for convenience and security have expedited the shift to digital systems, including financial systems. This has become the catalyst for people and businesses to find new ways of interacting and conducting transactions digitally. As
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Transfermate Rolls Out New Embedded Payments Solution for Banks and FIs
TransferMate recently announced the launch of ‘TransferMate Connect’, an integrated payments solution for banks and financial institutions to deliver faster and more cost-effective payments products and services for their customers. TransferMate has built one of the largest non-bank payments infrastructure
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PayPal Ramps Up Integrations and Partnerships
PayPal has reached a new agreement with Apple that will see that two technology giants accept each other’s products in their respective payment ecosystems. The partnership is the latest in a series of collaborations announced by PayPal over the past
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Switzerland Sets the Stage for Instant Payments
Stability. Secrecy. Safety. The Swiss financial system has been the very definition of these attributes for almost 200 years. But like the world’s financial systems, institutions and networks, one very active new factor is knocking at the border: change. And
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Revolut Surpassed 25 Million Customers, Eyes Further Global Expansion
Global remittance app Revolut announced that it has surpassed 25 million retail customers worldwide, up from 20 million in July, and is now processing over 330 million transactions a month. The company also plans to expand in Brazil, India, Mexico
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UK’s Banked Gets US$15M Series A Extension to Fuel US Expansion
London-based payments company Banked has raised over US$15 million in a Series A extension round, led by global software investor Insight Partners, following a Series A earlier this year led by Bank of America. Citi, National Australia Bank Ventures, and
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Facebook Pay Rebrands to Meta Pay to Align with Broader Metaverse Ambitions
Facebook’s parent company Meta has rebranded its online payments service to Meta Pay, bringing the firm’s payments offering closer to its broader rebrand and aligning it with its grand ambition to building the ultimate metaverse. On June 23, 2022, Facebook
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Irish B2B Payment Provider TransferMate is now a Fintech Unicorn
TransferMate, a leading provider of B2B payments infrastructure as-a-service, announced a $70M funding round bringing the company to a valuation of $1BN and $130M of total funding. Railpen, one of the largest UK pension funds, managing £37 billion, participated in
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Papaya Global Acquires Money Transfer Company Azimo
Papaya Global announced that they have acquired the digital money transfer service, Azimo, a payment platform that will enable Papaya Global to make immediate payments across the globe. Together with Azimo, Papaya Global will be able offer a payments solution
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MoneyGram Announces Minority Investment into Coinme
MoneyGram International announced that they have completed a strategic minority investment in Coinme, a cryptocurrency cash exchange in the U.S. This venture, which gives the Company an approximate 4% ownership stake in Coinme, closes out Coinme’s Series A financing round
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