Money Transfer stories

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

botim money links with TerraPay to power real-time UAE-Africa remittances, targeting key mobile wallet corridors and rising USD $96.4 billion flows.

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

Canada’s lending future is going hybrid as Money Mart doubles down on both mobile apps and 420-plus branches to widen access.

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

UK bank Griffin posts fivefold revenue surge as it processes GBP £3 billion in payments and signs more than 50 platform customers.

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.

Trend Micro warns AI-driven scams will surge by 2026, using deepfakes and multi-channel tactics to trap victims in sophisticated frauds globally.

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.

The collaboration is set to offer Canadian customers easier international money transfers in over 10 currencies via their existing accounts.

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

Wise urges New Zealand MPs to end NZD $667m annual losses from hidden foreign exchange fees by enforcing transparency in bank currency conversion costs.

SentBe is the first Korean fintech to win Singapore's Cross-border Remittance Licence amid rising demand from growing expatriate communities.

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.

Fraudulent banking transactions in the UK could hit GBP $38 million over the next five years, warns Juniper Research, as the country battles a 111% surge in financial crime.

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.