Money Transfer stories

Tether invests USD $134 million in listed stablecoin platform as stablecoin use surges past USD $300 billion and eyes public market access.

OpenFX secures USD $94 million to scale real-time cross-border payments, after growing annual volumes to more than USD $45 billion and adding 100-plus clients.

Thunes wins Juniper Research top-three nod for cross-border payments as network breadth, interoperability and stablecoin links reshape the market.

Thunes has won the Best Cross-Border Payment Solution award at the MPE Awards 2026 after judges praised its global reach, FX pricing and compliance platform.

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.

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 and Sabre have struck a multi-year deal to power instant cross-border bank payouts for travel agencies, airlines and hotels.

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

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.

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.

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.

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

Study reveals 62% of Australian SMEs use the big four banks for international trade, despite higher fees and exchange rate mark-ups.