Money Transfer stories
Clients could soon move and settle funds across card, fiat and stablecoin rails through a single Thredd platform, reducing prefunding needs.
Uneven uptake leaves Japan lagging, as fraud fears and AI scam worries reshape how families send and receive money across Asia Pacific.
A wider customer base and new cross-border fees are in Nu's sights as it begins serving US savers and international payers.
Visa-backed investors have lifted Velocity's Series A to USD $48 million as stablecoin payments gain traction with institutions.
Consumers across Asia Pacific are willing to wait longer for transfers if it reduces scam losses, Visa's survey of 45,000 people found.
Businesses can now separate currency trades from payouts, as the new service lets them hold converted funds for later use amid volatile exchange rates.
Digital wallet users will gain wider cross-border acceptance as Mastercard links Wallet Pay to Alipay+ and regional providers worldwide.
The tie-up gives Inter faster bank-to-wallet reach for remittances and corporate payouts as digital wallets gain ground in global payments.
The service lets remittance recipients hold dollar value in 37 markets, helping protect balances from local currency swings before spending via Visa.
The connector should help finance teams reconcile stablecoin transfers and AI-driven payments as blockchain settlement strains older back-office systems.
Recipients in Africa still face queues and cash pickups as cross-border transfers hit local rails that lag behind instant sending speeds.
Near-instant screening could speed payouts for DeeMoney customers sending and receiving funds across Thailand's remittance network.
Canadians juggling travel and overseas payments may get lower-fee, everyday banking-style services as Wise adds chequing and local transfers.
Thai travellers and expatriates can now hold and spend in more than 40 currencies as Wise widens its services beyond transfers.
Regulatory approvals and new clearing links could let the Indian payments group handle a wider share of overseas remittances and trade flows.
Customers now get faster follow-up on currency and remittance enquiries as GlobalPay links 12 channels with sales tools on one platform.
The fake acquisition pitch pushed an Avast employee towards a EUR €626,735.45 wire, exposing a broader impersonation scam across several industries.
The partnership is set to improve US dollar settlement speed and reliability for international transfers, cutting costs for customers.
Customers can now send money and pay bills at Total Wireless stores nationwide, as the chain adds Western Union's cash-based services.
Arc's push towards a public launch gains weight as BlackRock, Visa and other financial heavyweights agree to help secure the network.