Remittance

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Banking Circle: low cost cross border transfers

27 Oct 15 @ 09:48

Saxo Payments has launched Banking Circle, for its international payments community. Banking Circle  is a marketplace that disrupts traditional international B2B banking, delivering significant advantages for FinTechs and their merchants as well asd providing... read more

Regulators move to halt global payments fragmentation

12 Oct 15 @ 07:22

Central bank regulators have proposed changes to stop the global payments system from fragmentation as banks scale back cross-border networks, blaming the cost of new regulation. Banks have long maintained links with other... read more

67% of UK SMEs look beyond their bank for financial services

15 Sep 15 @ 09:00

A new study commissioned by BCSG has revealed that the relationship between retail banks and their small and medium sized enterprise (SME) customers is weakening. The research demonstrates that the... read more

Equity continues fight with M-Pesa

07 Sep 15 @ 15:48

As the gloves come off in the battle between Equity and Safaricom, Equity Bank has written to the financial sector regulator protesting Safaricom’s increase of M-Pesa tariffs on transfers made... read more

Cardless cash money transfer at ATM now available

07 Sep 15 @ 15:37

Moldindconbank, one of Moldova’s largest and most innovative banks, has launched a cardless, cash money transfer service. The service, developed by OpenWay, makes it possible to receive a cash money... read more

Banks launch SEPA-based mobile P2P payments service

04 Sep 15 @ 12:50

The four leading Luxembourg retail banks and Digicash Payments have launched a P2P payments feature called Digicash TRANSFER. Users can send up to €10,000 to a recipient’s mobile phone number, using... read more

Dwolla starts white-label service

03 Sep 15 @ 16:33

Dwolla has launched a “white-label” payments processing service, meaning other businesses and banks can sign on to use Dwolla’s money-transfer system, but won’t have to put Dwolla’s label on it. Dwolla CEO Ben... read more

Safaricom closes loophole in M-Pesa

01 Sep 15 @ 13:15

Safaricom has introduced new charges for the transfer of funds from customers’ bank accounts to third-party M-Pesa wallets – sealing a loophole that lenders have been using to by-pass Safaricom when sending money. The... read more

BlackBerry and PayPal team up for P2P payments

13 Aug 15 @ 16:53

BlackBerry has teamed up with e-commerce giant PayPal for a trial that lets BBM users in Canada send and receive money through its messaging service. Upon connecting their PayPal account,... read more

Japan Post Bank selects Earthport payment network

11 Aug 15 @ 16:45

Cross-border payment transaction processor Earthport has forged an agreement to enable cross-border services for Japan Post Bank, one of Japan’s largest retail banks. The partnership will enable the bank to... read more

Social media to drive mobile money transfer market

27 Jul 15 @ 12:20

In a new report from Juniper Research it is projected that the number of mobile money transfers globally will increase by nearly 150% in 2015 to more than 13bn, with several social media... read more

$5.6 trillion SME international money transfer market

24 Jul 15 @ 15:04

The SME international money transfer market is large and well-established with over 100m businesses worldwide, increasing by nearly 8% annually. These businesses represent a huge FX and money transfer market, making... read more

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Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Emerging markets accelerate the shift to cashless payments

30 Apr 26 @ 18:03

Cashless payments are becoming an increasingly important marker of financial modernisation across emerging market and developing economies, with new data from t... more

Santander backs Ebury’s next phase with fresh funding

05 May 26 @ 16:52

Banco Santander has reinforced its commitment to Ebury after taking part in a funding round of about £550mn for the cross-border payments and trade finance fin... more