Money Transfer
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
Read MoreSwitzerland 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
Read MoreRevolut 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
Read MoreUK’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
Read MoreFacebook 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
Read MoreIrish 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
Read MorePapaya 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
Read MoreMoneyGram 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
Read MoreSwiss Banks’ Foreign Exchange Rate Comparison
Swiss banks charge on average 1.46% for currency exchange. In some cases 4.5 times more than amnis. Small and medium-sized companies are often unaware that high exchange rate mark-ups are hidden in the standard industry exchange rates. Amnis, however, is
Read MoreAmnis Receives EEA Payment Institution License and Expands to Europe
AMNIS Treasury Services AG (Amnis), a Swiss fintech founded in 2014 with the goal of simplifying international payment transactions for SMEs, is expanding to Europe with the first license as a payment institution issued by the Financial Market Authority Liechtenstein.
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