Visa announces Visa+ to support interoperability between P2P apps
Visa has partnered with PayPal and Venmo to trial the new service.
Visa has partnered with PayPal and Venmo to trial the new service.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The pandemic has accelerated P2P payment developments which are shaping customer experience in new ways.
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Investment firms Goldfinch and Baupost are paying in cash.
India, Singapore, and the US to be first countries trialled for remittances switch.
The fines kept flowing even in a year as turbulent as 2020.
Two of America’s largest money transfer and remittance services could be joining forces.
Integral will deploy in the cloud across Western Union Business Solutions.
Western Union agreed to pay $586 million in monetary relief following a 2017 scandal.
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Hyperwallet, a global payouts provider to millions of independent workers, has hired Derrick Walton as its new executive vice president of global financial networks.
As students gear up for back to school, the competition for international tuition payments continues to heat up. Geoswift, UnionPay International and Western Union Business Solutions are offering Amazon gift cards to Chinese students studying in 14 countries that use their service for cross-border tuition payments.
Mastercard and Western Union have teamed up to help refugees around the world access goods, services and financial services within refugee settlements. Announced on June 20—World Refugee Day—the partnership will explore ways to use a digital model to serve the more than 65 million people around the world currently displaced from their homes due to political conflict and natural disasters.
With MoneyGram and Western Union betting that Facebook-loving consumers will use “sendbots,” the old guard of remittance providers may have an edge on startups.
Facing increased competition from mobile P2P services, money transfer giant Western Union has made a move to bolster its own mobile offerings. U.S.-based users of Western Union’s mobile app now can use Apple Pay to send money from within the app domestically, or to more than 200 countries and territories.
Ant Financial Services Group, the online and mobile financial services affiliate of Chinese e-commerce giant Alibaba Group, has just become a competitive juggernaut in the remittance business with the acquisition of MoneyGram, the second-largest provider of money transfer services based in the U.S. The transaction of approximately $880 million for all of MoneyGram’s common and preferred shares announced Jan. 26, not only helps MoneyGram compete with Western Union, it helps the combined company compete with startups that have been trying to shake up the market for years.