Remittances

Terrapay has announced it has secured authorisation as an EMI in Italy, and now plans to expand its operation further into the EU. 

Checkbook, a comprehensive push payments platform, has revealed its latest payout option, an alliance with Zelle. This partnership is designed to offer Checkbook users a more seamless, trustworthy, and swift financial transaction experience.

FIS, a global leader in financial services technology, has made a strategic move to sell a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR.

South Korean powerhouse, U Fintech Hub Inc., a renowned FinTech company, recently announced the successful completion of its latest funding round. The firm specialises in remittance services, operating the widely used Utransfer platform.

Molten Ventures, a prominent venture capital firm, has marked down the value of its stake in the FinTech enterprise Revolut by 40%, according to a report from Finextra.

South Korean money transfer operator (MTO), E9pay, has forged a strategic partnership with Currencycloud, a company specialised in simplifying business in a multi-currency world.

TerraPay, a global payments infrastructure company headquartered in the UK, announced a strategic equity investment from Visa, a world leader in digital payments.

Zenus Bank, a digital bank that allows people to open US bank accounts around the world, has acquired real-time payments company Financial Urban Exchange.

Multinational financial services firm Western Union has signed a collaboration deal with MoMo to facilitate money transfers in Vietnam.

UK FinTech giant Revolut has recorded its first full year of profitability, after it generated £100.3m adjusted EBITDA and £26.3m in profit for 2021.