Money Transfer stories

SoFi and Mastercard will use SoFiUSD stablecoin for card settlement worldwide, targeting faster payments, remittances and B2B transfers.

TerraPay and Sabre have struck a multi-year deal to power instant cross-border bank payouts for travel agencies, airlines and hotels.

Australians are turning to AI for romance and emotional support as dating app scams soar, with social engineering behind most threats.

LemFi wins AUSTRAC approval to launch remittances in Australia, targeting a USD $38.2 billion outbound market serving migrant communities.

Zepz has bought fintech Pomelo to bolt credit cards and lending onto its remittance brands, deepening its push into cross-border finance.

Mastercard and TerraPay team up to let mobile wallet users tap and pay at over 150 million Mastercard contactless locations worldwide.

Zepz will launch stablecoin-linked Visa cards with Stripe's Bridge, enabling global daily spending of digital dollars from early 2026 in markets including Australia and the US.

TerraPay launches Xend, a global payments network linking wallets, banks and cards for seamless cross-border transactions with Swift integration.

Revolut now allows Australian customers to send instant money transfers to China via Alipay, enhancing convenience and reducing costs for remittances.

MetaComp has launched Ripple's USD stablecoin RLUSD on its StableX platform, offering APAC institutions faster, compliant cross-border payments.

Study reveals 62% of Australian SMEs use the big four banks for international trade, despite higher fees and exchange rate mark-ups.

MoneyGram confirms a cyberattack that crippled its services, raising alarms about vulnerabilities in the financial sector amid ongoing digital transformation.

Bank fraud is projected to reach USD $48 billion globally by 2029, a 153% surge, driven by evolving AI tactics, says Juniper Research.

Waave launches Waave Wallet, a novel payment method using biometric security and real-time account transfer; a move to tackle cyber breaches and reduce Australia's AU$3 billion in annual merchant fees.

As deepfake scams surge globally, employees are urged to be vigilant and adopt common-sense checks, including 'liveness' checks and using internal codewords.

ACE Money Transfer from the UK has partnered with dLocal to strengthen their payout services across remittance hotspots in APAC and EMEA regions.

Wise Platform has launched a new way to help enterprises and their customers with cross-border money management.

The majority of Australians are beginning to examine fees more closely. Unfortunately, no transaction is completely and always 'free'.

Tencent Financial Technology and Wise are teaming up to allow international money transfers to China through Weixin, the Chinese version of WeChat.

Digital money transfer numbers are expected to grow in Australia and worldwide, according to WorldRemit's APAC managing director.