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Western Union Makes Digital Push Amid Fierce Competition for Money Transfers
Of the $81.8 billion Western Union consumers transferred in 2017, 91% was sent across international borders. Raj Agrawal, finance chief of the company, estimated that westernunion.com money-transfer revenue—which includes use of the mobile app—last year topped $400 million, or about 11% of consumer revenue.
- Categories
- Finance
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WorldRemit Offers Free Service For Ethiopian Diaspora In America
WorldRemit, one of the top digital money transfer company, launches a free of charge remittance transfer service for Ethiopian diaspora in the United States.
- Categories
- Finance
- Region
- North America
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BitPesa, SBI Remit Partner for Blockchain Payments Between Japan And Africa
The two firms are leveraging blockchain technology to reduce friction, improve efficiency and interoperability for cross-border payments between the two continents.
- Categories
- Finance, Technology
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Press release: Xoom Partners with OXXO to Add More Than 17,000 New Cash Pickup Locations in Mexico
“We’re thrilled to be the first online-only remittance provider to partner with OXXO,” said Julian King, Xoom’s Vice President and General Manager. “With this partnership, Xoom is furthering its mission to empower customers with the technology to send international money transfers quickly and securely so they can enjoy peace of mind knowing their loved ones have fast and convenient access to their funds.”
- Source
- Press release
- Categories
- Finance
- Region
- Latin America
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Press release: WorldRemit launches digital money transfers within Africa
Leading international money transfer company WorldRemit has launched a new digital service within Africa, making it easier to send and receive money across the continent.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: Kora Gateway launches, bringing improved financial services to emerging markets
Kora, the largest blockchain project out of Africa, has launched a new wallet that aims to provide access to low cost financial services to populations that have historically had little to no access to them.
- Categories
- Finance
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Singapore FinTech Enables Instant Blockchain Remittance for Myanmar Migrant Workers in Thailand
The remittance industry stands as one of the most disrupted industries by blockchain technology.
- Categories
- Finance
- Region
- Asia Pacific
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90% of our money transfers to Rwanda via mobile phones – World Remit
“Transfers to mobile money accounts make up 90 per cent of WorldRemit’s transactions to Rwanda, and is growing rapidly,” a statement from Worldremit reads in part.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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