Money Transfer stories
Australians are turning to AI for romance and emotional support as dating app scams soar, with social engineering behind most threats.
The funding will help OpenFX expand hiring and infrastructure as it tackles slow, costly cross-border transfers for banks and fintechs.
Juniper Research’s latest study signals growing demand for payment networks that connect more rails, currencies and wallets across fragmented markets.
Rising demand for faster, cheaper international transfers has sharpened competition among payment providers serving merchants and marketplaces.
Solana unveils an API-based developer platform for banks and payment firms, backed by Mastercard, Worldpay and Western Union pilots.
Venmo now lets users send USD $ transfers directly to PayPal accounts in 90 markets, creating a global person-to-person payments link.
Wise wins full Thai licences to launch cross-border wallets and cards, challenging banks in a USD $9.46 billion remittance market.
RedotPay wins new Canada, US and Argentina licences as it builds a global crypto payments hub and expands stablecoin-based services.
Mastercard launches Global Commerce Suite in Hong Kong, targeting SME cross-border payments as Asia Pacific digital trade surges.
LemFi gains Bank of Canada oversight under the new Retail Payment Activities Act, bolstering trust in its cross-border remittance services.
SoFi and Mastercard will use SoFiUSD stablecoin for card settlement worldwide, targeting faster payments, remittances and B2B transfers.
TerraPay links its global payments network to Raenest to speed local-currency payouts to freelancers in India and the Philippines.
TerraPay and Sabre have struck a multi-year deal to power instant cross-border bank payouts for travel agencies, airlines and hotels.
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.
Institutions handling cross-border stablecoin flows could cut false compliance alerts as MetaComp adds AI risk checks and an agent governance standard.
TransFi raises USD $19.2m to scale stablecoin-powered cross-border payments across emerging markets, led by Turing Financial Group.
MetaComp secures USD $35m Pre-A funding led by Alibaba to scale its StableX cross-border stablecoin and fiat payment network globally.
botim money links with TerraPay to power real-time UAE-Africa remittances, targeting key mobile wallet corridors and rising USD $96.4 billion flows.
Canada's lending future is going hybrid as Money Mart doubles down on both mobile apps and 420-plus branches to widen access.