What the Fintech? Episode 7 | Open banking & savings
Co-founder & CEO of Plum offers his insights on how COVID-19 affects savings.
Western Union
Video: fintech news weekly round-up – 11 June 2019
This week, news about JP Morgan’s Chase, Visa, and more!
Visa forms strategic partnership with Western Union
The new collaboration will modernise global money movements for expedited cross-border money transfers.
ACI to acquire Speedpay for $750m from Western Union
Deal will bring Speedpay and UP Bill Payment platforms together.
Western Union works with TerraPay for mobile mania
In the name of mobile wallet and bank account payouts.
Western Union unveils fintech centre in India
New 125,000 square feet facility in Pune will employ more than 1,000 individuals.
PFS deal to provide Moneymailme users with prepaid cards
Users of Moneymailme will have the option of using physical and virtual prepaid cards to make purchases with the funds in their e-wallets. The new feature, announced June 28 at the Money 20/20 Europe conference, is the result of a partnership between the London-based social money transfer provider Moneymailme and Prepaid Financial Services, a U.K.-based payments technology provider.
Western Union to pay $586m fine for money transfer fraud
Western Union has admitted turning a blind eye as criminals used its money transfer services to launder money and commit fraud. It has agreed to pay a $586 million fine to the US authorities.
Western Union launches mobile payments app in Canada
Western Union has unveiled its mobile platform in Canada for domestic and cross-border money transfers, available for iOS and Android. The new app allows users “instant, anytime, anywhere” access to Western Union’s physical and digital money transfer infrastructure. So people can send money face-to-face or online. “Whether on a smart phone or at a store […]
MasterCard and Western Union boost Bangladesh’s mobile money transfers
MasterCard, Western Union, Bkash, a mobile financial service (MFS) provider, and BRAC Bank have launched a new, international remittance receiving service in Bangladesh. The service – via Western Union’s global network – enables Bkash’s registered customers to use their mobile phones to receive remittances from abroad directly into their accounts or collected from a Western […]
Top fintech stories this week – 8 April
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Money 20/20 Europe: Biometric identity, SMEs and final day’s sessions round-up Key highlights, what went well and what could be improved. Money 20/20 Europe: KYC/ID, commerce disruption and femtech round-up Valid points raised, key issues discussed. A must […]
Western Union launches digital B2B payments platform for SMEs worldwide, WU EDGE
Western Union Business Solutions has unveiled a brand new payments platform for SMEs, WU EDGE. The project has been 18 months in the making and is available to new and existing customers for free. WU EDGE is cloud-based, and is designed to be a single global payments tool for businesses worldwide. It will go live […]
Western Union continues European retail push with WH Smith deal
Western Union is to install self-service kiosks in 300 of UK retailer WH Smith’s stores later this year. The kiosks allow customers to enter the details of money transfer transactions and then use the retailer’s self-checkout to pay.
Western Union expands account-to-account transfer network in Europe
Western Union has expanded its account-to-account money transfer service to cover Austria, Belgium, Germany, the Netherlands and the United Kingdom.
Global mobile money transfer to top $10 billion in 2013
The value of international money transfers made via mobile phones will exceed $10bn for the first time this year, according to Juniper Research. However, the cost and complexity of regulating cash transfer has led many service providers to focus exclusively on airtime top ups, the research firm reported.
Western Union teams for mobile wallet venture in Nepal
Western Union has launched a new mobile money transfer service in Nepal, which aims to capitalise on the country’s massive inflow of cross-border remittance payments.
Western Union debuts Nigerian mobile money transfer
Western Union has launched a mobile money service in Nigeria, which it says will help boost financial inclusion and provide new methods of money transfer for people sending and receiving money to Africa.
Indian SMEs in crosshairs at Western Union and IndusInd Bank
India’s IndusInd Bank and Western Union have created a partnership designed to make foreign exchange and global business easier for SMEs in India.
Western Union: Expanding on all fronts
As the global payments markets changes, Western Union has plans to change with it. Massimiliano Alvisini, regional director UK, Ireland & Nordics explains how and why.
