money transfer

Viber, the messaging app owned by Japanese e-commerce giant Rakuten, has long been dancing around the area of fintech, launching services like money transfer and chatbot payments in various countries…

Messaging app Viber launches Payments, a new digital wallet for paying bills, money transfers and buying goods

The Federal Trade Commission is suing Walmart for sitting by while scammers bilked customers out of more than $197 million, the agency alleged in a statement on Tuesday. It’s seeking…

FTC hammers Walmart over years of ‘facilitating’ money transfer scams

Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part of how those living in developing…

Taptap Send raises $65M to build cross-border remittances focused on the most underserved markets

Remittances — specifically when people in developed countries send money to family or friends in emerging markets — continue to be a huge lever to help those in more challenging…

Taptap Send gets $13.4M for a no-fee money transfer service aimed at price-conscious emerging market users

With more people than ever before going online to pay for things and pay each other, startups that are building the infrastructure that enables these actions continue to get a…

UK’s Paysend raises $125M at a $700M+ valuation to expand its all-in-one payments platform

Remittances — when people send money internationally to family and friends, or as a payment — has long been one of the most important levers for getting funds to people…

Remitly raises $85M at a $1.5B valuation, says money transfer business has surged

International money transfer startup TransferWise’s debit card is now available in Australia and New Zealand, with a Singapore launch expected by the end of this year as the company expands…

TransferWise’s debit card launches in Australia and New Zealand, with Singapore to follow

The value of remittances globally continues to rise, and today a startup that has built a business targeting money transfers into emerging markets has raised a large round of growth…

WorldRemit raises $175M at $900M+ valuation to help users send money to contacts in emerging markets

BBVA, Spain’s second-largest bank that snatched up mobile banking startup Simple for $117 million back in 2014, is now entering the mobile money transfer business with today’s launch of a…

Spanish bank launches money-transfer app focused initially on US-Mexico remittances

Zelle, the PayPal rival backed by more than 30 U.S. banks, is preparing to launch its standalone mobile app on Tuesday, September 12th. The move is meant to give the…

Zelle, the U.S. banks’ Venmo rival, will launch its mobile app next week

AndroidPay, Google’s wallet for Android devices, is getting a boost in its global profile and functionality today: WorldRemit, the $500 million remittance startup connected to around 120 million mobile money…

Android Pay now used for international P2P transfers, courtesy of WorldRemit

Remittances — the business of money transfers — is a fragmented and huge market, currently estimated to be worth some $25 trillion annually. Now, one of the more interesting startups…

Veem, formerly Align Commerce, gets $24M from GV, others for its Venmo for SMBs

Remitly, a startup co-founded and led by a former executive of Barclays who saw a gap in the market to build money transfer and other financial services for emerging markets and…

Remitly raises another $38M, adds World Bank’s IFC as it pushes into emerging markets

Payoneer helps businesses and B2B marketplaces move money across borders. It’s one of the biggest companies in this space; its customers include the likes of Amazon, Fiverr, Airbnb, Upwork and Taboola. Today, the…

B2B payment service Payoneer acquires escrow-as-a-service platform Armor Payments

Money transfers are a crooked racket. They’re designed to hide just how much cash they steal from immigrant workers sending funds to family back home. Western Union, Moneygram, even PayPal’s…

Families Get Screwed Sending Dollars To Mexico. TransferWise Does It 4X Cheaper

TransferWise, the fast-growing UK-based P2P money transfer startup that has reportedly been in talks with Facebook for remittance services, has raised a large tranche of funding led by one of the social network’s…

A16Z Leads $58M Round In UK’s TransferWise To Ramp Up Its P2P Transfer Business

Square has a new update out for its Cash app that lets users send cash by text, greatly improving the versatility of the mobile payment app. The update also improves…

Square Cash 2.0 Adds Free Money Transfer By Text Message, Payment Notes And More

WorldRemit, a London-based startup that is tackling the antiquated consumer money wiring/remittance market with an easy and traceable online solution, has collected some money of its own: a $40 million…

Money Transfer Startup WorldRemit Collects Its First Investment, $40M From Accel

Though the tech world is frothing over the potential found in new cryptocurrencies like Bitcoin, other companies have been working to solve the very real (if less buzzy) needs of…

Mobile Money Transfer Service Remitly Closes $5.5 Million Series A

Global mobile money transfer service m-Via is officially rebranding as Boom Financial today as it announces the close of a $17 million round of funding, led by mobile operator Digicel…

Bringing Banking To Immigrants & Unbanked, m-Via Rebrands As Boom Financial, Closes On $17 Million In Funding

BancBox, a startup that’s been flying under the radar over a year, is launching its new payment services platform today. At first, you might think the most apt comparison is…

BancBox Debuts Its Payments Platform: You Could Build A PayPal On This